The three main factors ensuring the longevity of a business in the infinite game of business are:
1) Customer base
2) Imitability – The more difficult it is to imitate the more the longevity e.g. Ikea and Tetra Pack
3) Adaptability – The way the business responds to the changing needs of the environment with time
Adopted from Matt Watkinson’s book “The Grid”
The three factors are:
1) Revenues from customers
2) Cost incurred by the business in producing the product
3) Third abd most important the “Bargaining Power” of the business with suppliers and customers
Adopted from Matt Watkinson’s book “The Grid”
The three factors that impact desirability of a product are:
1) Wants and needs of the customer
2) Rivalry in the market with competing products
3) The product offerings an organization creates aligned with the customer wants and needs
Adopted from Matt Watkinson’s book “The Grid”
The three goals for any business are:
1) Desirability – The desire of people for the product offered by the business
2) Profitability – The profit margin would help the organization to sustain
3) Longevity – The business should remain profitable in the long run
Adopted from the book titled “Grid” by Matt Watkinson