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Here’s a story we all witnessed unfold. The multi-billion-dollar company, Nokia, once a powerhouse in the mobile phone industry, is nowhere to be seen these days. In his book, Competitive Success: Building Strategies with Corporate War Games, author Arjan Singh tells you why. He writes: “(Nokia) knew their market was changing, but they failed to respond and adapt. They had access to competitive intelligence, which indicated Apple, Samsung, and other smartphone manufacturers were coming to market. They did nothing and argued, ‘We’re number one in the marketplace. We’ve got more than 40 per cent market share.’”
Singh argues that war gaming provides a roadmap to learn from failures or potential failures. Learning from non-performance is the only recipe for success for companies facing aggressive and innovative competition. War gaming helps companies rehearse their strategies by involving all stakeholders, enabling them to navigate unpredictable economic scenarios and market failures with speed and agility.
The book is a must-read not only for business owners but also for anyone who wants to succeed in an unpredictable and volatile competitive environment. Competitive Success... will help you gain deep insights, strategise and identify your winning aspirations while planning ahead.
The book is available on Amazon.in
— My Kolkata Web Desk
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