In the context of business strategy, the concept of finite and infinite games can be applied. Finite games are those with clear rules, beginnings, endings, and winners. In contrast, infinite games, like business, have unclear rules and no defined end or winner. The goal is to keep playing as long as possible.
Companies may define their success differently, such as through market share, revenue, or customer metrics. However, focusing on short-term wins can lead to harmful strategies and cost-cutting measures.
For a competitive strategy student, the key takeaway is to shift focus from winning every quarter to building resilient organizations that can endure for decades. This involves prioritizing long-term interests over short-term metrics.
What’s the difference between leaders who only achieve short-term success and visionaries who create...
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