Anyone using game theory?

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Though I have heard of game theory being used in a few particular and special cases (e.g. the auctioning of 3G cellphone licenses) I have not seen anything of it being used in general strategic management or business planning. The strategy textbooks dismiss it as too uni-dimensional and limited to special cases to be useful, and I can find virtually no articles in e.g. Harvard Business Review or McKinsey Quarterly giving any encouraging cases where it has been helpful. (Though ...

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Big car-makers ‘nibbled’ to death

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Seeing in the Economist these firms seeking billions in aid recalls a comment years ago by Tom Peters re their long, slow demise. They were not killed by overwhelming force of much stronger rivals – they were ‘nibbled to death’ – by Germans in high-performance saloons, by Japanese in compacts, then SUVs, and now in hybrids. What puzzles me in all this is that they had access to what they needed to win these smaller battles. These same ...

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Booz & Co on strategy today

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Some sound principles in a brief Memo to the CEO. Particularly good is the focus on opportunity today’s conditions offer for sound firms.

Full article at Rethink Your Strategy: An Urgent Memo to the CEO.

Much of the advice is generic, and requires much more work than the brief headlines suggest. It also implies undoing much of the foolish activity that firms engaged in during the boom – by cutting fringe activities, shedding marginal businesses, ...

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More on strategy in the crisis

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More from McKinsey Quarterly on the crisis A new era for management. Links in this intro article seem not to work, so here are direct links to articles I found useful, plus one on consumer sectors that may do better or worse than others.

LEADING THROUGH UNCERTAINTY

STRATEGY IN A ‘STRUCTURAL BREAK’

THE DOWNTURN’S NEW RULES FOR MARKETERS

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Strategy in health-care

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I see Booz Allen organised a Diabetes Thought Leader Roundtable Discussion, bringing together diverse groups to discuss this major healthcare challenge. Strategy for such societal issues is especially challenging vs. corporate cases precisely because of the multiple actors and agencies involved. An integrated model of how these all interact is essential if effective, coordinated policy is to be achieved …

… which is exactly what my friends Drew Jones and Jack Homer have done with Joyce Essien of ...

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