Chess Game Essay

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Recommended: Porter’s five forces model is used to analyze the competitive situation in an industry

Can business strategy be understood as ‘a chess game played in real life’?

In this current day and age, with the increasing social trend of global economy as well as the advanced technology and the opening up regimes, the common business operations has been regarded as a common complex chess game practice for the majority of the multinational corporations, especially when penetrating and managing in the international market place. Dixit and Skeath and Reiley (1999, p.135-141.) pointed out that the most manifest characteristics of playing the chess game is the systematic and overall evaluation as well as analysis regarding the general macro circumstance and the situation of the major competitors. As for a wise chess game player, the next strategic operation is highly expected to be carried out after being aware of the competitors and the overall environment. In essence, this wise perspective can also be utilized for the companies, especially for those large scale multinational companies in the international market place context. The primary purpose of this essay is to develop a framework of the systematic understanding regarding the business strategy with the comparison of the chess game principles as well as the characteristics based on the real life business context.

It can be deduced that the business strategy can be generally understood as a chess game in the real life scenario, which requires the companies to carry out all round analysis and evaluation within the intense market competitions. It is generally speaking that at the initial stage of the chess game, advanced and highly sophisticated players are likely to carry out a series of all rounded evaluations and analysis with a view to guaranteeing the best outcome and pot...

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...d to learn from the chess game in terms of the ground rules and specific strategic management points of views. There are three common strategic principles and management expertises that the corporations need to be aware of and follow. First of all, it is highly advisable for them to conduct a macro environment evaluation through resorting to the PESTLE Analysis and the Porter’s Five Forces Model. Second, it is of significance to carry out self evaluation analysis with a view to better understanding the firms’ own advantages and capabilities through using SWOT Analysis. Last but not least, the corporation is advisable to conduct an all rounded competitor analysis in order to gain a detailed acknowledgement of the current circumstance possessed by the major competitors so as to assist them to generate a better corresponding strategies in the future business operation.

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