article thumbnail

How to Help Managers Become More Strategic

Let's Grow Leaders

And then customize the definition for your industry. For example, being able to think strategically in the high-tech industry involves a nuanced understanding of strategy topics such as network effects, platforms, and standards.

article thumbnail

Determining Liability In Accidents Involving Driverless Cars

The Horizons Tracker

Research from Columbia Law School promises to help the industry move forward, with their joint fault-based liability rule used to regulate both the vehicle manufacturers and human drivers. The researchers built a game theory inspired model to show how actors might interact with one another. ” Modeling the world.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How Apple Pushes Entire Industries Forward

Harvard Business Review

Apple Pay will be more secure, it will be easier, and it will probably be more profitable for the payments industry as a whole by shifting people away from cash (at least for the time being). Apple used its power as an impatient convener to move an industry. To do what Apple just did requires deep industry collaboration.

article thumbnail

Why Your Company Should Partner with Rivals

Harvard Business Review

By translating game theory into pragmatic business strategy, Co-opetition cleverly showed companies a new path to revenue growth: It's better to own 20 percent share of a $10 billion market than it is to own 75 percent share of a $2 billion market. Therefore it's time to extend the concept of game theory to upstream activities too.

article thumbnail

How to Create Remarkable Teams PART 2 – Collaboration

Ask Atma

Some examples of shared team learning are: Regular seminars and guest lecturers: Bring in experts and professors on various topics related to the history, science, or culture of your industry as well as sociologists, anthropologists, and technologists who work in peripherally related fields. Nash Equilibrium, Pareto Principle).

Team 52
article thumbnail

Should You Put World of Warcraft on Your Resume?

Harvard Business Review

Harvard has used high-stakes poker as a real-world game theory laboratory for strategic thinking. Depending on the industry, a sharp MBA who’s a scratch golfer may well have a leg up in a job interview or sales meeting. Warren Buffett and Bill Gates are famous for their love of and prowess in bridge.

article thumbnail

Strategy Lessons From Jean Tirole

Harvard Business Review

He then usually brings in the tools of game theory, in which his protagonists have to contend with other rational actors and the moves they might make. But Tirole’s 1980s work on industrial organization also found its way into thinking about business strategy. Should we lower our prices?” Should we increase production?”.