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Game Embedded Strategy : Introducing Framework Tn=3 and GEMS for Business Strategy

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Game theory meets business strategy in GEMS framework.

This book could be a good read for someone looking to understand the intricate connection between game theory and business strategy. Through the GEMS framework, the author beautifully captures how management type, technology, and time shape the dynamics of competition in the market-as-game. The real-time examples and case materials make it an engaging and practical read for anyone interested in gaining a deeper understanding of strategic decision-making.

Sale

Game Embedded Strategy : Introducing Framework Tn=3 and GEMS for Business Strategy

Regular price $15.90 $6.90 57% off
Unit price
per
ISBN: 9780071288927
Date of Publication: 2010-02-04
Format: Paperback
Related Collections: Philosophy, Business, Strategy, Economics
Goodreads rating: 4.33
(rated by 6 readers)

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Description

The purpose of this book is to provide a framework for analysing business strategy, and its principal focus is the signalling of management type in the market-as-game. Drawing upon basic arguments in both game theory and the economics of strategy, Game Embedded Strategy distills these discussions into a cohesive setting called 'Framework Tn=3'. Using case materials and real-time examples, McNutt discusses the three supporting pillars of game embedded strategy (GEMS) - management type, technology and time. GEMS depends upon the game dimension and context in which a game is played, which in turn depends on product and geography, technology and innovation in a product or service market, and on management type and the beliefs that guide their action. As such, management action and the execution of strategy are both interpreted as signals, and the signals are observed and captured by a critical timeline (CTL), which defines and describes the nature of competition in the market-as-game.
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Game theory meets business strategy in GEMS framework.

This book could be a good read for someone looking to understand the intricate connection between game theory and business strategy. Through the GEMS framework, the author beautifully captures how management type, technology, and time shape the dynamics of competition in the market-as-game. The real-time examples and case materials make it an engaging and practical read for anyone interested in gaining a deeper understanding of strategic decision-making.