The New Yorker recently published a great article by James Surowiecki (author of the best-selling book, The Wisdom of Crowds) called: IN PRAISE OF THIRD PLACE.
The articles examines how focusing on being #1 and "beating the competition" can often hurt a company in the long run. As an example of this theory, the article showcases Nintendo's lower market share and strong profitability in comparison to the mediocre financial performances of the xbox and playstation.
I think that this is a fascinating and counter intuitive idea that I hope James writes more about in the future.
But I'm curious what you think. Do you agree or disagree with this idea?
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