Success is not a zero-sum game

Lead on Purpose

In games like chess , one person wins and the other loses. Life in the business world at times feels like a zero-sum game. The following resources substantiate my claim that success is not a zero-sum game : According to Steve Farber — author of Greater Than Yourself — the only way for knowledge to truly lead to power in a person’s life is for that person to give it away. Overcoming selfishness is critical to effective leadership.

Weekly Round-Up: 3 Lessons in Mental Toughness, Supporting Employees During COVID-19, Test of Leadership, Creating a Crisis Communications Strategy

leaderCommunicator

Welcome to my weekly round-up of the best-of-the-best recent leadership and communication blog posts I've seen over the past week.

Real Leaders Become Awakeners

The Empowered Buisness

What Is a Leadership Awakener? Leadership Awakeners are the Game Changers of the World. Leadership awakeners think differently. It conditions you to think in terms of winning and losing or a zero sum game. John Nash –- behavioral economist and Nobel Prize recipient – is best known for advancing game theory and the equilibrium principle. Becoming a leadership awakener is the highest level of consciousness from which you can lead.

How to Help Managers Become More Strategic

Let's Grow Leaders

We found that a strategic approach to leadership was, on average, 10 times more important to the perception of effectiveness than other behaviors studied. In mining, leaders must understand the strategic implications of cost curves, game theory, and real-options valuation; further, they must know and be sensitive to the stakeholders in their regulatory and societal environment, many of whom can directly influence their opportunities to create value.

The Prisoner’s (Hedge Fund) Dilemma

CO2

The payoffs hedge fund employees are real, but the business has the feel of a game. They follow the game theory as outlined in the Prisoner’s Dilemma –where as long as both prisoners accused of a crime stay silent, they both receive the least punishment. The game may be up for SAC. The post The Prisoner’s (Hedge Fund) Dilemma appeared first on | Elements of Leadership Blog. by Gary Cohen. SAC Manager Arrested for Insider Trading at Hedge Fund.

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Do You Play To Win Or To Keep The Game Going?

My Own Coach

But there was something engaging in this fifteen minute short about economics and game theory. The programme ended with this thought provoking statement: " You can solve game theory, but in the complexity of life there is always a bigger game " It reminded me of an excellent book that I came across a few years ago, that shifted my approach to competition. Called Finite and Infinite Games by James P. As finite games are everywhere in business.

How to Create Remarkable Teams PART 2 – Collaboration

Ask Atma

Similar to creating a learning environment, building an organization that not only supports virtuous principles but also causes them, requires you to invest heavily in leadership. You must have an attitude of, “Everybody wins or the game’s not worth playing.” Economics and game theory also provide valuable insight into the study of trust (cf. So you must demonstrate very strong leadership. Overall transparency requires that leadership models it.

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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. Demonstrable talent and success at games that mix competitive fire with social skills make a desirable human capital combination. There’s a perceived correlation between real competence in serious games and business effectiveness. A top IT executive recruiter, for example, noted that “his clients haven’t sought hires with game experience.”

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How to Make Unlimited Vacation Time Work at Your Company

Harvard Business Review

But there’s some evidence to suggest that showing trust in others actually helps them trust you more – researchers who study game theory consistently find that when one person shows faith in another, the second person’s faith in others also rises. Instead, it’s a means to gauge whether or not employees trust leadership, which starts with leaders trusting employees.

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