Game Theory - a tool for practical competitive advantage? (Action Insights Series) Peter Sammons

ISBN:

Published: October 22nd 2011

Kindle Edition

46 pages


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Game Theory - a tool for practical competitive advantage? (Action Insights Series)  by  Peter Sammons

Game Theory - a tool for practical competitive advantage? (Action Insights Series) by Peter Sammons
October 22nd 2011 | Kindle Edition | PDF, EPUB, FB2, DjVu, audiobook, mp3, RTF | 46 pages | ISBN: | 4.76 Mb

• What is game theory and how can it be applied to help businesses?• How does the ‘game’ of business play out in your business sector? Who are the other players in your game and how much do you understand about their motivations and options?• To whatMore• What is game theory and how can it be applied to help businesses?• How does the ‘game’ of business play out in your business sector? Who are the other players in your game and how much do you understand about their motivations and options?• To what extent does your company use scenario planning to assist strategic thinking?

Can game theory techniques be plugged-in to your current strategic planning activity?• Should you compete against, cooperate with or ignore other ‘players’ in your market?Many business people and public sector managers are, even today, little aware of the power of game theory as a possible tool to aid planning. Whilst some consultants may excitedly push game theory as a black-art planning tool, many business people are becoming more soberly aware that a game theory analytical approach can add depth and richness to strategic planning and tactical options development – as well as giving a better picture of how other ‘players’ in the game of business may respond to our moves and counter-moves.This short book is designed for managers and corporate decision makers, whether in the private or public sector.

It poses a series of questions to encourage debate and action. It does not aim to turn senior managers into game theoreticians. Instead it flags some of the issues, encourages debate and – uniquely – sees Game Theory Planning (GTP) as a specialist/niche consultancy proposition that many organizations may want to buy-in rather than develop in-house.The author specializes in buying knowledge-based services and intellectual property rights.



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