Business strategy is as difficult as chess

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An epsilica slideshare presentation.

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

Business strategy is as difficult as chess

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

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