Chess Strategy: The Principals That Apply to Business

The game of chess is known for its tactical and strategic rules of play and has therefore earned itself a reputation as a ‘thinker’s game’. Despite – or perhaps, because of – this, the game is extremely popular around the world, with people of all ages. In recent years, there has been a growing interest in the similarities between the game of chess and the world of business, with many looking to the principals of chess that can be applied to business strategy.

There are indeed a number of similarities between the two worlds, particularly as the ultimate aim of chess is to protect the most valuable pieces on the board, whilst simultaneously defending against an opponent. Attack and defence are at the heart of the game of chess, with the best players understanding and employing both strategies at the same time. This situation also plays out in the business world, where companies must protect their value proposition – be that a service or product – whilst engaging the competition with defensive and offensive tactics.

Former independent business advisor Nilesh Waghela is an avid chess player who borrowed a number of principals from the game when advising his business clients, some of which are shared below:

Each Piece Has a Value

In chess, experienced players take their time, understanding that every piece – no matter whether they are of high or low ranking – and every move should count towards the overall objective. Each piece is moved with a single purpose in mind: to win the game. A similar strategy should be used in business, with all members of the team – no matter their rank or experience – motivated to work towards the same vision of success.

Interesting Facts About Chess

  

Think Ahead

The best chess players are able to think several moves ahead, rather than playing one move at a time. By looking ahead, it becomes possible to observe potential patterns and pitfalls, enabling the player to correct or avoid them before losing the game. In business, the same principal applies. Business leaders need to keep the future at the forefront of their decision making, whilst continuing to maintain the daily operations of the business.

Be Innovative

In both chess and business, it is important to innovate, think outside the box, and try something new beyond the comfort zone to beat out the competition.

Lessons from Chess: Learning to Think Ahead