Three Moves Ahead

Three Moves Ahead shows how classic chess strategies address the #1 problem of Information Age executives: how to move quickly in the face of incalculable complexities and unexpected change. This witty and novel guide, written for non-players, is packed with scores of real-world examples showing how top CEOs use Grandmaster techniques to win on Wall Street. Readers will see how a "strong square" strategy drove Adobe’s rise from niche player to industry giant, as well as Western Union’s success through a hundred years of technology changes. They’ll learn how AOL has played a crucial "exchange sacrifice" to revive its fortunes, and how Google is taking turf from Microsoft with a "minority attack." Most importantly these days, they’ll find out "what to do when you don't know what to do," and avoid the fate of companies like Polaroid, Gateway, and our dearly departed Ma Bell.

"A fun ride from Apprentice to Business Grandmaster. Grab it!"—Donald Trump

Bob Rice (Short Hills, NJ) was a long-time partner at Wall Street's prestigious Milbank, Tweed, Hadley, and McCloy. He left to start a software venture that was purchased by Viewpoint, a NASDAQ company of which he later became CEO. He is currently a Managing Partner of Tangent Capital, which structures financial products for hedge funds, and a member of the "New York Angels" venture finance group. Along the way, Bob served as Commissioner of the Professional Chess Association, founded the Wall Street Chess Club, ran numerous international chess events and produced a successful "Speedchess" series for ESPN.

Preface ix

1 The Wall Street Chess Club 1

2 Three Moves Ahead? 9

3 First Mover 19

4 On the Clock 53

5 Bad Bishops 75

6 Lucky or Good? 95

7 Strong Squares 119

8 Sac the Exchange! 137

9 Classic Tactics 151

10 Decisions, Decisions 175

A Postgame Recap 189

Notes 193

About the Author 195

Index 197

"In his thought-provoking, chess-themed book on business strategizing, Rice asserts that beginning and intermediate players tend to focus on which pieces are positioned to take or be taken, but when grandmasters examine the board they look at the squares. Rice makes fitting comparisons between chess pieces and actors in the corporate world. Lowest-level workers are compared to pawns, middle managers to knights, director-level executives to bishops and vice presidents to rooks. The central them of this book is that you have to have a plan, event if it's a bad one, to succeed in both chess and business. The idea is to adjust your plan as the game proceeds in response to the moves of the opposition."--McClatchy-Tribune News Service, April 26, 2008

BOB RICE was a longtime partner at Wall Street’s prestigious Milbank, Tweed, Hadley, and McCloy. He left to start a software venture that was purchased by Viewpoint, a NASDAQ company of which he later became CEO. He is currently a managing partner of Tangent Capital, which structures financial products for hedge funds, and a member of the New York Angels venture finance group. Rice served as Commissioner of the Professional Chess Association, founded the Wall Street Chess Club, ran numerous international chess events, and produced a successful “Speedchess” series for ESPN.

Bob Rice war Partner der an der Wall Street angesehenen Milbank, Tweed, Hadley und McCloy bevor er seine Karriere als Unternehmer begann. Er war zusammen mit Gary Kasparov Mitbegründer der Professional Chess Association und inszenierte mehrere internationale Schachturniere, sowie eine erfolgreiche Serie auf ESPN. 1995 gründete er die NASDAQ-notierte Firma für softwarebasierte Graphik Viewpoint und stand dieser als CEO bis 2004 vor. Nun ist er Partner einer Unternehmenfinanzierungsgruppe in Manhattan.

In today’s fast-moving Information Age, traditional business-planning tools are rapidly becoming obsolete. Yet the competitive, ever-changing marketplace demands that executives move quickly or risk becoming relics.

In Three Moves Ahead, business leader and chess expert Bob Rice offers an entertaining, practical response to this modern dilemma. He shows how the world’s top executives use chess tactics to thrive in the face of incalculable complexities and unexpected change. Written for nonplayers, this witty, smart guide is filled with real-world examples of how to win the game of business by applying chess strategies honed from over 1,000 years of competition.

With incisive prose, Rice clearly shows how to use these principles to attack competitors, defend turf, and crack new markets. He demonstrates how a “Strong Square” strategy drove Adobe’s rise from niche player to industry powerhouse, how Kodak is reviving its fortunes with an “Exchange Sacrifice,” and how Google is creating holes in Microsoft’s position with a “Minority Attack.” Most importantly, Three Moves Ahead also shows how to “Stay Ahead On the Clock” and avoid the fate of companies like Polaroid, Gatveway, and our dearly departed Ma Bell.

Insightful and clever, Three Moves Ahead shows how anyone can navigate strategically through the most disruptive period in business history.