The Profitability of Winning
AbstractSports and war metaphors abound in business today. For example, one management book, Thunder in the Sky, by Thomas Cleary, opens with a Chinese saying that translates: “The marketplace is a battlefield. The Asian people view success in the business world as tantamount to victory in battle.” The book advises American executives to do the same. However, such metaphors are misleading. The objective in both sports and war is to beat the competitor. Business, on the other hand, aims to create wealth.
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Bibliographic InfoPaper provided by EconWPA in its series General Economics and Teaching with number 0502035.
Length: 3 pages
Date of creation: 11 Feb 2005
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business; profits; winning;
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