What the business industry can learn from basketball

Published: Thursday, March 27 2014 2:45 p.m. MDT

Basketball is taking a new strategy, and it may be something businesses can learn from.

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Many teams in the NBA are taking a new strategy — tanking, which is when a team doesn’t do anything to win to get a higher draft pick for the following season. But this is an odd concept for business owners, The Atlantic reported, but there’s a lot businesses can learn from it.

“In basketball and in business, big changes are sometimes warranted,” The Atlantic reported. “But too often, splashy moves are made because they’re splashy — and because making one big bet is easier than making lots of small, hard decisions. The big lie about tanking is that it’s a prudent long-term strategy, when in fact it’s just another get-rich-quick scheme.”

Read the full article at theatlantic.com.

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