Chess & Economics!

I am amazed by the many parallels between chess and business. Back when I was reading for a Managerial Economics course in my MBA program, I came across the following quotation:

“Successful strategy results from applying consistent principles to constantly changing business conditions.” --- From Economics of Strategy by Besanko, Dranove, Shanley, and Schaefer. (New Jersey: John Wiley & Sons, Inc. 2007.)

This is chess! We learn rules, principles, and tactics and apply them to each unique position. It’s truly fascinating to see that the principles of this game can be applied to business, decision-making, and daily life.

-Andrew Svehaug