Chess and Strategic Business Analysis
In the complex world of global business, there are dozens – if not hundreds – of analytical techniques, designed to help companies improve their overall trading performance. Each of these tends to concentrate on one particular area; by doing so, they deliver insight into the business and, in turn, enable management to make informed decision.
Often these are given unnecessarily cryptic names, such as - the Ansoff Matrix, or Porter’s Five Forces – but, even if you’ve not heard of these names before, it’s entirely possible you’re familiar with terms like the 80-20 rule, cash cows, risk v. reward, etc. – from business meetings, or even in general conversations.
If not, no problem – it’s not rocket science! In simplistic terms, just be aware many assist with market and product selection; in essence, ensuring the right product/service is sold, with the right features/benefits, to the right market/clients, etc. – that kind of thing - to maximize sales, profits, etc. If this sounds like Business 101, rather than Chess 101, then forgive me – and let me explain the reason for this article.
As someone with a background in accounting, marketing and strategic planning, I’ve had to endure learning these frameworks time and time again. The interesting thing is, if these frameworks help companies boost their performance then perhaps, with a little tweaking, they could help Chess us enthusiasts boost their performance (increased ratings, etc.)?
Chess is such a vast, complex subject, so anything that helps us focus on the right things might be useful. I mean, could a business framework designed to select products, help us select openings? Or perhaps a technique for increasing revenues / profits, might help us increase our Chess ratings? Could a framework for setting business goals, help us define our Chess objectives? Perhaps a technique for assessing and managing risk in business, might help us understand risk on the Chessboard?
I’ll explore some of these in future blogs ...
... and, with luck, it’ll boost all our Chess ratings (including mine!)
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