Who is more successful today: Jack of All Trades or Master of One?

After reading a few different blogs about ‘specialization’ in your market, I am wondering if this business model is still considered a good choice in today’s economy. When consumers have less money to spend, why would they choose to hire three different people instead of one person who can handle all the details?

Businesses are struggling to explore new ways to earn income. I believe in the 'perfect world' that specialization is KEY to being successful as a stand-out in your particular field. Yet, when dollars are being carefully weighed and doled out with measured moderation, I wonder if the quality of services provided is strengthened or weakened when one person provides too many 'specialized services'.

Ahhh....therein lies the rub.

For my taste, with many details to manage in daily work and life, I prefer to work with business services which can deliver top-notch results. The question is whether to rely on the Jack of All Trades or the Master of One. In the end, QUALITY of work DOES MATTER.

What do you think? Who is more successful today: A business-person who specializes in multiple services or the business-person who simply provides the best quality with mastering one service?

Warmest Regards,