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In continuing the game theory series, in this post I will explain one of the most interesting tools from game theory: mixed strategy equilibrium. To follow along, click the link below to order my Mixed Strategy Equilibrium Excel Template for just $19. Order Template To view my other posts on game theory, see the list […]
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Last week Elon Musk and Tesla made history with the unveiling of the Model 3 – a $35,000 all electric vehicle. Though the car won’t begin shipping to customers until late 2017, the announcement of the Model 3 marks an important milestone for Tesla and electric cars in general. In this post we’ll explore Tesla’s strategy […]
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Let’s face it, innovating is hard. Not only is it hard it’s also expensive, time consuming and full of risk. For many large organizations facing up to these realities can be gut-wrenching, especially if your competitor already has a head start. For this and other reasons exploring an acquisition rather than building something in house […]
This is post 1 of 5 on game theory and it’s application to business and innovation. To view my other posts on game theory, see the list below: Game Theory Post 2: Location Theory – Hotelling’s Game Game Theory Post 3: Price Matching (Bertrand Competition) Game Theory Post 4: JC Penny (Price Discrimination) Game Theory […]
Few business cases are as rich with soaring success and abrupt failure than the story of Kodak. What was once considered a hub of technological wizardry suddenly became a bankrupt institution with little hope of surviving much longer into the future. All of this begs the question – what happened? Why was a company, full of […]
To follow along in Excel, you can order my Strategic Planning Excel Template for $39. Strategic planning and innovation for most companies usually involves leaving the office for a day at a fun resort “off-site,” brainstorming a few ideas, writing them down, hanging the mission statement on the office wall when you get back and putting […]
This post utilizes my Excel-based Blue Ocean Strategy Canvas template, which you can download here to follow along. Nintendo is one of the world’s most iconic brands. As a kid I remember begging my parents for each new generation of gaming system for Christmas. Times were good for Nintendo in those days but now because of […]
This is post 4 on Game Theory examples and their application to innovation and management…enjoy! To access the other posts on game theory, click the links below: To view my other posts on game theory, see the list below: Game Theory Post 1: Game Theory Basics – Nash Equilibrium Game Theory Post 2: Location Theory – […]
This is post 3 of 5 on Game Theory examples and their application to innovation and management…enjoy! To access post 1 of 5 on locations, click here. To follow along in Excel, download the Game Theory Bertrand template here. To view my other posts on game theory, see the list below: Game Theory Post 1: […]
This is post 2 of 5 posts on Game Theory and it’s application to innovation…enjoy! To view my other posts on game theory, see the list below: Game Theory Post 1: Game Theory Basics – Nash Equilibrium Game Theory Post 3: Price Matching (Bertrand Competition) Game Theory Post 4: JC Penny (Price Discrimination) Game Theory Post […]
