What are the 4 essential components of business as a game?

In Part 1 of this series, I discussed the foundational components of business as a game: players, rules, and goals. In this part, we will explore the following components:

• Activity and interactions

• Competition

• Outcomes and feedback

• Reflection

 

Activity and interactions

Once you have a clear vision and goals for your business, you need to establish rules and procedures that will guide your team’s activity and interactions. This will help to ensure that everyone is aligned and working towards the same objectives.

It is also important to create a culture of feedback and reflection within your organization. This will help to identify areas for improvement and ensure that your team is constantly learning and growing.

Competition

Competition is an inevitable part of business. It can be external, in the form of other companies offering similar products or services, or internal, in the form of team members competing for resources or recognition.

It is important to view competition as a healthy challenge that can motivate your team to perform at their best. However, it is also important to avoid becoming so focused on competition that you lose sight of your own goals and values.

Outcomes and feedback

It is important to track the progress of your business and measure the outcomes of your efforts. This will help you to identify what is working well and what needs to be improved.

Feedback is essential for continuous improvement. It is important to create a culture where team members feel comfortable giving and receiving feedback. This will help to ensure that everyone is learning and growing.

Reflection

Each individual within your organization should take the time to reflect on their own activity and actions. This will help them to identify areas for improvement and develop a plan for growth.

Reflection is also an important part of the overall business planning process. By reflecting on the past, you can learn from your mistakes and make better decisions in the future.

By understanding and managing the six components of business as a game, you can increase your chances of success. Remember to stay focused on your vision and goals, and to create a culture of alignment, feedback, and reflection within your organization.

What are your thoughts on the components of business as a game? Share them in the comments below!