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Ten Classical Theories in Management —— Matthew Effect
Matthew Effect

There is a story in the gospel of Matthew in the New Testament: Before a king went away, he gave each of his three servants a piece of silver and told them, "Go into business and come and see me when I come back." .

When the king came back, the first servant said, Master, I have earned the 10 silver you gave me. So the king gave him 10 city.

The second servant reported, master, I earned the five dollars you gave me. So the king rewarded him with five cities.

The third servant reported: Master, the 1 silver you gave me was always wrapped in a handkerchief, and I never took it out for fear of losing it. So, the king ordered that the third servant's 1 yuan be given to the first servant, saying, even what is less should be taken away.

Give him as much as possible. This is the Matthew effect, which reflects a common phenomenon in today's society, that is, the winner takes all. For the business development of enterprises, Matthew effect tells us that if we want to maintain an advantage in a certain field, we must expand rapidly in this field.

When you become a leader in a certain field, even if the return on investment is the same, you can get more benefits more easily than the disadvantaged peers. If you don't have the strength to grow rapidly in a certain field, you must constantly look for new areas of development to ensure better returns.