Rich Ward has been around the business for a long time. I think each time he retired we would ask him back. Eventually he did retire on his third attempt. Rich was a brilliant businessman, but what I always enjoyed was his ability to make the complex simple. To make his point he would often tell stories to highlight a particular point.
One of the many tales Master Yoda (Rich) would tell was a story about the “Knights and the Castle”. In this story he painted a picture about uncertain economic conditions during Mideviel times. It centered on a simple point of being on offense or defense and the potential outcomes for each. He established some rules of engagement for how this epic and never ending battle would be fought.
There was a knight on a horse representing the attacking force and a knight in the castle representing the defending force. You have two knights battling for the castle that contained the wealth of the land. As part of the rules of engagement, both knights would fight everyday but no matter what happened at the end of the day, it would start all over again the next day.
If the knight successfully defended the castle he got to keep the castle and if he lost the battle he would lose the castle. If the knight on the horse lost the battle he ended up with what he already had and that was nothing. If he won the battle the castle was his. Day in and day out this battle was waged with the knight on the horse being on offense and the knight in the castle being on defense. The question was based on the circumstances, was it best to aggressively attack or to circle the wagons and defend your turf?
Rich’s point was you always had more to gain by being on offense rather than defense. Granted there is a time for offense and defense, but a common outcome in any game or battle is gaining an incremental advantage. We are faced with a difficult economical condition, which is affecting all of us globally. We have an opportunity to defend what we have and run the risk of shrinking our territory (sales) or we can attack the growth elements of new markets and new customers and take advantage of what the market is offering.
History has shown that there are winners and losers in good and bad economic times. It is those who pursue opportunity regardless of the conditions that will come out ahead of those who choose to stay in their castle.
From the words of the great Mark Twain ” Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do. So throw off the bowlines, sail away from the safe harbor. Catch the trade winds in your sails. Explore. Dream. Discover. ”
Get out of the castle and on to your horse!
Posted under Business & Process Innovation, Customers, Employees, General, Leadership, Shareholder Value
This post was written by Fred J. Cuen on May 31, 2009
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