Inspiration, ideas and opportunities for your business!

Business Opportunities And Ideas

How Sport Differs From Business

on November 2nd, 2007

In the sporting world if you’re loosing then you and your team set about practicing more, perfecting your technique and studying the other teams to look for their weaknesses. You then try to exploit those weaknesses using the skills and team work that you’ve developed during your practices.

Business is much the same. You should study your competitors and look for ways to offer customers more value than they do (take advantage of their weaknesses). You should be constantly developing your business skills (perfecting your technique) and training your employees (practicing as a team).

Seth Godin suggests there is another way for businesses to win; change the game:

Consider the sandwich/burger shop/deli on a street crowded with choices. What to do? Why not get rid of all the meat and become a vegetarian/kosher sandwich/burger shop/deli? Now, it’s five competitors and you. Anyone with a friend who eats carefully will bring her to your shop, the one and only one of its kind.

Not an option for a sports team, but definitely an option for your business.

Be Sociable, Share!
Email This Post Email This Post

Free updates:
If you enjoyed this post and would like to be kept updated on future posts, then please click here to get updates by Email. Alternately you can follow the updates the Business Opportunities And Ideas Facebook page or follow me on Twitter.

2
  • 1

    Interesting point. However, there are still ways to change the rules in sports. New tactics, such as new offensive strategies in football, can change the game.

    In both cases, the scoring is still the same (points or $) regardless of what tactics you use.

    In the business of sports, the game can change based on how you choose to make money. Is it based on winning, merchandise, TV contracts?

    Ed Kohler on November 5th, 2007
  • 2

    Tactics differ somewhat from rules however.

    John on November 7th, 2007

 


Got A Question?
If you have a question that is not directly related to this post please consider asking
it on the forums instead.