Straight Market

July 18, 2014 at 12:20 am

Wisdom from Westeros: Business Takeaways from Game of Thrones

management strategiesA few years ago, American studio HBO began broadcasting Game of Thrones, the TV incarnation of George R.R. Martin’s “A Song of Ice and Fire” series. Since its first episode, the show has established a cult following – with viewers from the UK being the show’s biggest fans.

But beyond the sex, swords and sorcery we have all come to love about the hit series, Game of Thrones is also a source of knowledge – more specifically, business knowledge.

‘Winter is coming’

The words of the House of Stark have a prophetic ring to them, but it’s something that you can apply to your business as well. It’s all about preparing for the worst, as you never know what might hit you and when it would.

Consequently, the experts agree with this insight. CMRIS.co.uk advises always having a backup plan with every business choice you make. Remember: when you’re always ready for what life might throw at your enterprise, you can reduce the impact or avoid vital business mistakes altogether.

‘A mind needs books as a sword needs a whetstone, if it is to keep its edge’

The beloved dwarf Tyrion Lannister said these words, and they have their weight in terms of management strategies. The business environment will always change, but that means you should adapt and stay relevant. How do you achieve this? Listening, reading and learning every new concept or product that’s out there. This is all about keeping tabs on the latest trends in your industry.

‘A Lannister always pays his debts’

Although these aren’t House Lannister’s words, the sentence rings true when it comes to running a business. You have to know how much you owe who and pay them correctly and punctually. Apart from maintaining a decent credit score, being responsible with your debts has a positive effect on your company’s reputation – and you can’t underestimate the importance of a good name.

You’ll enjoy Game of Thrones more once you veer away from what you see on screen. Once you ponder on the contexts and subtexts of the series’ plots, you’ll learn more than just good cinematography and epic fight scenes.

Take these quotes, for example, which are ideal principles to live by when you run your own business. Apply these in your management strategies and you’d see great results.