An oligopoly is a market structure in which a few firms dominate. When a market is shared between a few firms, it is said to be highly concentrated.
We have designed a Chess board which simulates the oligopoly market structure. The big four consulting firms were the driving force behind the conception.
It is interesting to see the fierce competition between not only the big four consulting firms but also the smaller ones which are always challenging these giants for the market share.
While training senior management of two of these big fours, I often ask:
What do you know about your competitors?
What is your strategy to stay ahead?
How do you anticipate the competitors next move?
Should you collaborate with other service providers to give more value to your clients hence create a unique selling proposition?
What are the thought leadership documents being created in your line of service in the consulting world.
To my utter amazement a lot of the key decision makers in the consulting world don't have clarity on these points.
I started searching for the best game to make leadership experience the real challenges of operating in an oligopoly market. The best game of strategy of all times is chess but it had limitations, the normal chess is played between two people and one can very easily preempt the next moves. This was not fitting into the oligopolistic market structure therefore I added two more dimensions to it, making it a four player chess.
In oligopoly chess, four players fight it out for market domination. Your chance comes back after the three other players have moved their pieces, anybody can hit anybody, its a war between four kingdoms, this creates a very interesting game of making decisions, mergers, accusations, collaborations and winning.
The real challenge is the VUCA ( Volatality, Uncertainty, Complexity and Ambiguity) of the oligopoly market.
We certainly can't predict the future of our business.
For a one day simulation workshop contact us at: info@bbtraining.net