Strategic management: the Game theory (2006)
Game theory studies the behavior of individuals in situations of antagonism, and seeks to identify optimal strategies. Seemingly very different situations can sometimes be represented with similar incentive structures constituting all examples of the same game. Game theory is becoming an important branch of mathematics that from the year 1940, especially after the publication in 1944 of the Theory of games and economic behavior (Theory of Games and Economic Behavior) by John von Neumann and Oskar Morgenstern .
These theories can be applied in many fields such diverse and varied as economics, sociology, politics In fact, game theory was an important tool in many events in history such as:
•the Cuban missile crisis ;
•the political constitution of convoys of ships in wartime;
•how to manage a surprise attack policy ( Nasser at Suez , de Gaulle in Quebec , Yeltsin during the coup, election advertisements ) or marketing;
•the fight against terrorism .
Initial Public Offerings: an Outlook through Game Theory
«Introduction. IPOs and challenges to market efficiency. IPOs and the issue of information. Distortion mechanisms and waste of value through underpricing. The key role of investment banks. The Auction Model for setting the price: A viable alternative?. The main features of the Auction Model. Game...»
«Initial Public Offerings (IPOs) have a very special place in contemporary economics and finance. They represent the entrance on a deep and liquid market with access to almost unlimited reserves of capital from all over the world. But IPOs appear also as a short-term fund-raising tool, especially...»
Contribution of strategic management to organizational performance
«Introduction. Strategic management. Three key principles of Michael Porter. Elements of the strategic management process. A look into business pressures and organizational responses. Benefits of strategic management process. Financial benefits. Non-financial benefits. Limitations of strategic...»
«Truly, business is a high-stakes game (Brandenburger & Nalebuff 1995, p. 57): the wrong strategic move could mean millions of dollars lost, or thousands of jobs jeopardized, or even the bankruptcy of a firm. Strategy setting, to be successful, must consider the organization as a whole and not as an...»
Conceptual models in strategic management: The Boston Consulting Group growth / share matrix
«Introduction.. General discussion: Common usage of models in strategic management.. Different challenges facing managers.. Usage of conceptual models in strategic management.. The Boston Consulting Group Matrix explained and represented.. Reflection and evaluation of the strengths and weaknesses of...»
«Nowadays, in a stronger context of globalisation, companies have to face more and more complex challenges such as a higher international competition, emerging markets, many economic changes or new technological progresses etc. Strategic management decisions have to be completely successful in this...»