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A vicious circle is an iterative process that produces negative results that feed into the next iteration resulting in ever worsening results. It is associated with self-defeating practices and disadvantages that are difficult to overcome. For example:
Customer ServicePoor customer service may result in adversarial and unfriendly interactions with customers resulting in low employee satisfaction and work related stress. This may lead to worsening customer service and the cycle repeats.InnovationOrganizations that fail to innovate may lose creative and confident employees who are most likely to produce innovation. It may also become increasingly difficult to recruit talent as their reputation goes into decline. This leads to reduced capacity to innovate.
Sustainability When a river is clean and beautiful people may not dare to pollute it. When a river is toxic and lined with liter people may not feel as bad to use it as a dumping ground.PovertyPoverty can result in health, social and educational obstacles that lead to more poverty.|
Type | | Definition | An iterative process that produces a negative result that makes the next iteration worse. | Also known as | Downward spiralVicious cycle | Related Concepts | |
Business Theory
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A list of interesting business theories.
A definition of knowledge work with examples.
A list of social processes, absurdities and strategies related to office politics.
A guide to product development.
The differences between types of knowledge.
An overview of the trough of sorrow.
A list of common business models.
A list of key marketing strategies.
A few sources of competitive advantage for businesses.
A list of economic theories that are particularly useful for business.
The tendency for people at high risk to buy insurance.
A list of economic positions or capabilities that allow you to outperform in a particular industry.
A definition of production with examples.
An overview of post-scarcity.
The common types of economic infrastructure.
The common types of business competition.
The common types of inefficiency.
An overview of supply with common examples.
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