Sun Tzu, a Chinese military strategist and philosopher, is considered one of the most influential thinkers in the field of war. His book, The Art of War, is still studied by military leaders and businessmen.

One of the most important lessons Sun Tzu teaches is the importance of knowing when to fight and when to retreat. He states that a general who always wants to fight is likely to make mistakes and suffer defeat. Instead, a wise general should fight only when he has a clear advantage over his enemy.

This lesson is as relevant in business as it is in warfare. A company that is constantly expanding and taking on new challenges is likely to eventually make a mistake that could lead to its demise. Instead, a wise company should only take on new challenges if it has confidence that it can succeed.

By following Sun Tzu's advice, companies can avoid costly mistakes and increase their chances of success.

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