MEXICO CITY, MEXICO - LIV Golf signage carries one of several non-performing value propositions (Photo by Hector Vivas/Getty Images)
The game of golf is one of the oldest sports. As a pastime, it harks back to childhood diversions; as a profession, it dates back to the "Old Course" at St. Andrews, Scotland, where in the 1850s the sport was first played by professionals.
Vulnerabilities of Golf's Present Business Model
Because of the beauty of its venues and the challenge of mastering the game, golf has long been jocularly described as "a good walk spoiled." But over the centuries, professional golf has arguably spoiled more than just a good walk. Its enduring business model has always had some fundamental vulnerabilities:
It is inherently solitary. Individuals play against individuals, even as collaboration and teamwork have become increasingly important features of contemporary life.
#individuals #good
The game of golf is one of the oldest sports. As a pastime, it harks back to childhood diversions; as a profession, it dates back to the "Old Course" at St. Andrews, Scotland, where in the 1850s the sport was first played by professionals.
Vulnerabilities of Golf's Present Business Model
Because of the beauty of its venues and the challenge of mastering the game, golf has long been jocularly described as "a good walk spoiled." But over the centuries, professional golf has arguably spoiled more than just a good walk. Its enduring business model has always had some fundamental vulnerabilities:
It is inherently solitary. Individuals play against individuals, even as collaboration and teamwork have become increasingly important features of contemporary life.
#individuals #good
2 days ago
