business strategy is as difficult as chess
DESCRIPTION
An epsilica slideshare presentation. The centuries old game of chess can teach us a few things about strategyTRANSCRIPT
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Chess, a game of strategy, just like business
byEpsilica Consulting
“Follow the tactics of chess and reap the rewards”
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The first mover gains immediate advantage
Chess: White always moves firstBusiness: First to market gains momentum
through market share
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The weakest are destroyed first
Chess: Pawns are small, move slowly and easier to remove
Business: Small companies with no protection fall quickly
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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
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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
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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
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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
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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
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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
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Mistakes can cost you the game
Chess: A misjudged move can lead to checkmate
Business: An ill-judged decision can kill your business
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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
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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)
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One little challenge
Chess: Mate in 2
Business: Don’t cheat
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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