Business Lessons from the NBA Finals

I enjoy watching several sports, and I especially appreciate basketball for its fast-paced action. It’s quite entertaining to observe the highly competitive players battle with drive and determination for over 48 minutes, until one team achieves its ultimate objective of winning the game.

Recently, Game 6 of the 2013 NBA Finals, which was fiercely contested by the Miami Heat and the San Antonio Spurs, gave me much more than just vicarious pleasure. I was extremely inspired by the action, as I marveled at the twists and turns of one of the finest games in basketball history.

As the game progressed along to its nail-biting conclusion, I realised that the setbacks and successes the teams had experienced provided several lessons that could be applied to the world of business. Here are some of the entrepreneurial insights that I gained from the NBA finals:

Develop a game plan
Success in basketball is heavily dependent on the game plan designed by the coaching staff, who analyse their opponents and create a strategy to make optimal use of all the players. It’s important for the team to keep focused on the game plan even in the midst of fierce opposition.

Similarly, strategic direction is essential for success in business. As the owner, you must assess your environment and evaluate the best course of action that will help your business to achieve its objectives. You also need to communicate your game plan to your team to keep them focused.

Want to learn more about what the NBA Finals taught me about business? Click HERE to get the full scoop…

(c) Cherryl Hanson Simpson

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