FOR BUSINESS TO SUCCEED
Being a leader in your industry is no guarantee for continued success. The recent crisis of Jet airways is an example.
While mulling over this thought, a friendly, time-pass hand ball match between 2 teams left me with some vital lessons that can be applied for success in business.
The Captain of Team “A” was a champion and was ably assisted by two veteran players and a new player. The players of Team “B”, including the captain were all mediocre players. At the beginning, most viewers were confident that Team A would win, but Team B won with a score of 15 vs. 3.
Learnings on what team B did right:-
- Quick, alert, efficient and focussed on objectives.
- Team work, proactive, and excellent coordination.
- Gauging weakness of opponent and using it to their advantage.
Learnings on what team A could have done better:-
- Lacking leadership, strategy, direction and playing in silos.
- Not highlighting weakness of the new player to competition
- Committing repeated fouls
Apart from implementing the above learnings for your business, reflect on:-
- What are your actions with regard to your business objectives?
- What are your areas of focus?
- How do you ensure being compliant with the applicable rules and regulations?
- How are you promoting team spirit?
- What is your strategy for handling competition?
- How are you leveraging your business strengths and minimising weakness?
For more such learnings and reflections on business, read “What The Finance”, available on online portals.
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