Magazine article Management Today

Why Business Is like ... the X Factor

Magazine article Management Today

Why Business Is like ... the X Factor

Article excerpt

In front of 14 million rapt viewers, Alexandra Burke was crowned winner of the ITV's latest X Factor talent contest, netting a pounds 1m recording contract and going on to claim the Christmas number one slot.

Her rendition of Hallelujah became the fastest-selling single by a solo female artist in the UK - shifting more than 500,000 copies in a week.

Given her deep, soulful voice and diva looks, her victory may not seem surprising. But look at her weekly scores across the 10-week competition: she barely won a round in the run-up to the final, and often ranked well down the scoreboard. Meanwhile, the angelic Eoghan Quigg won over half the rounds - only to fall at the final hurdle.

The business world has its winners and losers too. With the economy proving a particularly tough judge, increasing numbers of firms are falling by the wayside. If the outcome of The X Factor was hard to second-guess, trying to predict which businesses will make it through successive rounds of the recession may be just as difficult. …

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