US EditionBeating a Dead Horse in Business: The Cost of Sticking to Failing Strategies
Summary by Mehran Muslimi
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Beating a Dead Horse in Business: The Cost of Sticking to Failing Strategies
In the business world, one of the most common yet costly mistakes is the tendency to continue investing time, money, and resources into failing ventures. This phenomenon is often referred to as “beating a dead horse” — a metaphor that describes the futile effort of persisting with a strategy, product, or business model that is no longer viable. Despite clear indications of failure, companies and individuals often struggle to abandon unsuccessful…
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