What is a 'Game Changer'

A game changer can refer to a person who is a visionary or a company that alters its business strategy and conceives an entirely new business plan. This type of company switches up and forms a new business strategy in order to compete directly or indirectly with competitors. A game changer changes the way that something is done, thought about or made.

BREAKING DOWN 'Game Changer'

Game changers are people or organizations that see a new way to complete a task that is more efficient than the traditional methods. These innovations open up a new avenue of economic growth and transform the image of the industry. Big leaders with big ideas are commonplace throughout the business world as every manager strives to become a game changer in their respective field. 

Visionary leaders with game-changing ideas continue to create innovative new paths to change the status quo. While achieving game-changing levels is a long-term achievement that takes time, determination, and the ability to ride out the uncertainties that you or your company will face along the way. However, learning from visionary leadership and the anatomy of game-changing companies, entrepreneurs can find new tactics, ways of thinking, and other characteristics that make up a game changer or industry disruptor.

Examples of Game Changers

Billionaire and Amazon.com, Inc. Chief Executive Officer (CEO) Jeff Bezos is a widely recognized as a game changer for what the executive has managed to do with Amazon over the past couple of decades. Bezos founded the company, originally named Cadabra, in 1994 and officially launched Amazon.com in 1995.

Amazon.com started as a little book e-commerce website during the Internet Boom of the late-1990s, quickly becoming a disruptor to the retail industry itself. Bezos’s leadership continues to drive Amazon.com to new heights, as the company continues to invest in new game-changing technologies, such as drone deliveries.

Tesla Motors founder and CEO, Elon Musk, is another entrepreneurial individual that is seen as a game changer. Musk founded Tesla in 2003 with high ambitions of being a game changer in the auto industry. Over a decade later, Tesla has effectively brought the electric car into modern times by using high-powered lithium-ion batteries to power the car rather than gasoline.

Musk predicts Tesla will be able to produce 500,000 cars per year by 2020. While Musk's vision is often criticized when it comes to Tesla production, Teslas emergence in the electric car market is causing others to scramble and try to catch up to Tesla’s impressive lead.

RELATED TERMS
  1. Changer

    The name given to a clearing member that is willing to assume ...
  2. Zero-Sum Game

    A situation in which one person’s gain is equivalent to another’s ...
  3. Backward Induction

    The process of deducing backwards from the end of a problem or ...
  4. Leadership

    Leadership is the ability of a company's management to make sound ...
  5. Facebook Credits

    Virtual currency (currency used only on the internet) that can ...
  6. eSports

    ESports mimics the experience of watching a professional sporting ...
Related Articles
  1. Investing

    Tesla Stock Rises as Musk Looks to Cut Costs (TSLA, SCTY)

    After several weeks of declines, shares of Tesla drove higher Tuesday on reports that CEO Elon Musk is looking for ways to lower costs.
  2. Investing

    What to Watch Out for in Tesla's Earnings Today

    It's all about the Model 3.
  3. Investing

    Does Tesla Have Enough Cash for Model 3 Production?

    A brief look at how Tesla is spending money on Model 3 production and what this means for investors.
  4. Personal Finance

    Tesla's Got the Keys: A History of Its Success

    Tesla’s cars have catapulted the company into the spotlight as one of the few successful independent automakers.
  5. Investing

    Behind Tesla's 1,173% Rise in 10 years (TSLA)

    Pay attention to whether Tesla’s profitability can prove worthy of the level of enthusiasm generated for the company by CEO Elon Musk.
  6. Investing

    Tesla Will Be Profitable in Second Half of 2018, Says CEO Musk

    Tesla CEO Elon Musk took to Twitter to say the company will be profitable and cash flow positive in the second half of this year.
  7. Investing

    Tesla: Tech Company or Car Company?

    Tesla has the growth prospects of a tech company but resembles the auto industry in its capital-intensive operations.
  8. Personal Finance

    Why Are Tesla Cars So Expensive?

    What makes Tesla cars so expensive? Short supply and pricey parts is a good place to start.
  9. Investing

    Tesla's Magic: How Big Investors Bolster the Stock

    Founder and CEO Musk, management, directors and big investors own nearly 60% of Tesla shares
  10. Investing

    Tesla Defies Gravity as Stock Runs on Fumes

    Tesla's been cruising in the fast lane, but a sobering Q4 earnings report suggests a pit stop.
RELATED FAQS
  1. Who are Tesla's (TSLA) main suppliers?

    Learn about the electric car manufacturer, Tesla Motors, and discover the more than two dozen suppliers that provide parts ... Read Answer >>
  2. What are some examples of the law of demand in real markets?

    Find out how the price of a good or service affects the quantity demanded, and explore instances of consumption reflecting ... Read Answer >>
  3. What are the odds of getting a perfect bracket in Warren Buffett's March Madness ...

    In 2014, Warren Buffett announced that he would give whoever could correctly guess every game of the NCAA men's basketball ... Read Answer >>
Hot Definitions
  1. Cryptocurrency

    A digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of ...
  2. Financial Industry Regulatory Authority - FINRA

    A regulatory body created after the merger of the National Association of Securities Dealers and the New York Stock Exchange's ...
  3. Initial Public Offering - IPO

    The first sale of stock by a private company to the public. IPOs are often issued by companies seeking the capital to expand ...
  4. Cost of Goods Sold - COGS

    Cost of goods sold (COGS) is the direct costs attributable to the production of the goods sold in a company.
  5. Profit and Loss Statement (P&L)

    A financial statement that summarizes the revenues, costs and expenses incurred during a specified period of time, usually ...
  6. Monte Carlo Simulation

    Monte Carlo simulations are used to model the probability of different outcomes in a process that cannot easily be predicted ...
Trading Center