Sports & Business

Knowing When to Walk Away From the Olympics and Business Projects

Japan had a difficult decision to make after investing billions in the 2020 summer Olympics. It is like the decisions business leaders must make when projects fail to perform.
— By Vincent Pane

In late March 2020, two events took place. The 2020 Summer Olympics in Tokyo, Japan, were postponed until 2021. The second event was the death of Kenny Rogers. How are these two events related?

Kenny Rogers earned early fame singing the song "The Gambler," which is all about knowing when to quit a game to cut losses. This was the business decision Japan's government had to make due to the COVID-19 pandemic.

In business, knowing when to abandon or ....