In: Economics
Read the following quote attributed to Sun Tzu:
“When the enemy is relaxed, make them toil. When full, starve them. When settled, make them move.”
In approximately 500 words, explain the meaning of these three sentences in terms of change and strategy.
ANSWER:
GIVEN THAT:
THE ENEMY IS RELAXED MAKE THEM TOIL :
1. When there is no change in the market , we need to come up with strategies which makes our competitors struggle to compete and we must initiate the change .
2. We need to make them stressed up with our strategies which is the meaning of the first sentence.
3.When the market is stable we need to come up with new strategies to introduce new things so that they start moving to gain their previous position which is the meaning of third sentence .
4. We must never let the market be stable.
5. When the market is high we need to come up with changes that would lower the market so that our product will have place to overcome the difficulties which means we need to decrease the profits for the competitors with our strategies which is the meaning of the second sentence.
6. Hence we always need to be innovative and come up with strategies to initiate change in markets so that we sustain our position in the market.