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Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
Business strategy is as difficult as chess
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Business strategy is as difficult as chess

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An epsilica slideshare presentation. …

An epsilica slideshare presentation.

The centuries old game of chess can teach us a few things about strategy

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Transcript

  • 1. Chess, a game of strategy, just like business
    by
    Epsilica Consulting
    “Follow the tactics of chess and reap the rewards”
  • 2. The first mover gains immediate advantage
    Chess: White always moves first
    Business: First to market gainsmomentum through market share
  • 3. The weakest are destroyed first
    Chess: Pawns are small, move slowly and easier to remove
    Business: Small companies with no protection fall quickly
  • 4. Higher prominence gives more power
    Chess: Control of the centre of the board gives tactical advantage
    Business: Control of a market makes it difficult for opponents to penetrate
  • 5. The best players think ahead
    Chess: Experience allows you work out your opponents moves and your counter moves
    Business: Strategic planning is all about what if’s, good ones plan for all eventualities
  • 6. Opponents who have more experience tend to win
    Chess: Chess is not about luck, novices make more mistakes
    Business: It is harder for small businesses to compete
  • 7. Experience is powerful
    Chess: Experienced players learn how to avoid common mistakes (checkmate in 4 moves is a lesson never forgot)
    Business: Learning from experience makes the company stronger
  • 8. Gaining ground is followed by consolidation
    Chess: Players who gain an advantage normally win if the advantage is protected
    Business: Retaining competitor advantage makes the opposition more vulnerable
  • 9. Some moves are just not logical (or are they) ?
    Chess: Players sometimes sacrifice high value pieces for added advantage later
    Business: The competition occasionally does something outlandish
  • 10. Mistakes can cost you the game
    Chess: A misjudged move can lead to checkmate
    Business: An ill-judged decision can kill your business
  • 11. Never play for a 50% share
    Chess: Playing for a draw is a fallback position
    Business: It’s a ruthless world there are always winners
  • 12. The small ones occasionally win through
    Chess: Pawns, the least powerful pieces on the board can become the most powerful with persistence
    Business: Small companies occasionally gain the upper hand with perseverance (or luck)
  • 13. One little challenge
    Chess: Mate in 2
    Business: Don’t cheat
  • 14. This presentation was brought to you by Epsilica Consulting Ltd.
    Epsilica provides specialist consulting services to startups, SMEs and multi-national companies across industry sectors.
    For further information visit http://www.epsilica.com

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