Tag: Decisions
A scientific formula for playing games in the dark
As John and Linda try to rendezvous at a convenient restaurant, a little game theory might suggest some strategies.
The hope, or fear, that it might be you
Thinking clearly about risk is difficult: we are influenced by hopes, by regrets, and by an inability to evaluate new risks.
Strategic advantage
There is more vacuity about strategy than about any other topic in business today. But there is a real issue, and a real subject of strategy for the corporation.
Living in a state of true accountability
Despite the difficulties, one should be accountable more for outcomes than for the decision process.
A lesson in transactions from the wallet test
How much will you offer to pay me for the contents of my wallet? Think carefully - if you must back a horse, don’t bet with the trainer.
When consensus does not really mean agreement
Just as universities need to tell people to stop quibbling and work towards a common objective, companies need to realise that clustering around a corporate conventional wisdom that has not been subject to analysis and debate is also not a recipe for success.
Why gurus should cross the bridge into business
Michael Porter’s models were based on a tool for industrial policy, not strategy. Now economists are beginning to understand the workings of firms as well as industries.
Know your place
Successful businesses have unique competitive advantages, but times change and they can be faced with strategic dilemmas. Sometimes, these dilemmas have no solution.
Passes and returns
Dalglish arrives at Newcastle and Horlick moves to ABN Amro. The common theme: do teams, or individuals, capture the returns to outstanding performance?
