PPT-business STRATEGY GAME

PRESENTED BY Ruchi Rani Anjali saini . Purpose. What is the purpose of a business?. “The only valid purpose of a firm is to create a customer.” Peter . Drucker. .. Get customers and keep them.. Strategy. Michael Porter of the Harvard Business School developed the concept of strategy around 1980.. Varian, Chapters 28, 29. Interacting decisions. In most of our discussion of behavior, we’ve looked at either. Individual actions – e.g., consumer choice. Market interaction – e.g., Edgeworth box, with the help of the Walrasian auctioneer. Explain Who developed the Blue Ocean Strategy. Explain What is a Business Universe. Differentiate between Blue Ocean and Red Ocean. Describe the Importance of Blue Ocean Markets. Explain Key Terms Related to Blue Ocean Strategy. PRESENTED AT CENTRAL INDIANA RESOURCE FAIR. July 17, 2012. John T Thompson. Thompson Distribution/First Electric Supply. Source: McKinsey & Co.. STRATEGY BASICS. GROWTH…. Given your understanding of customer preferences and needs you develop a strategy to beat your competitors through the gate and win!. Revisiting the territory we have covered. A look at the skeleton. There is a fairly small set of ideas which we have seen developed with a rich variety of examples.. Today we look . at this skeleton. The text develops the examples and we have discussed a large number of them. . Caleb Sykes. Mentor, FRC 4536. About me. Caleb Sykes. Education. . Currently an undergraduate student at the University of Minnesota pursuing electrical engineering. FRC. . Student on FRC 2052 from 2009-2013. Chapter 6: Formulating Business Unit Strategy. Sterling Rose. Justin Simpson. Krista Wells. Gwen Singleton. Wayni. Hebert. Introduction. It involves creating competitive strategy within the industry.. Initially, von Neumann and Morganstern . Zero-sum games. John Nash. Nonzero-sum games. Harsanyi, Selten. Incomplete information. An example:. Big Monkey and Little Monkey. Big monkey. w. w. w. c. c. c. Initially, von Neumann and Morganstern . Zero-sum games. John Nash. Nonzero-sum games. Harsanyi, Selten. Incomplete information. An example:. Big Monkey and Little Monkey. Big monkey. w. w. w. c. c. c. 08. Games and Game Theory. Much effort to develop computer programs for artificial games like chess or poker commonly played for entertainment. Larger issue: account for, model, and predict how agents (human or artificial) interact with other agents. Matrix Form of a Game. Dominant Strategy and Dominated Strategy. Nash Equilibrium. Game Trees. Subgame Perfection. 3. Game Theory. Game theory is the study of a set of tools that can be used to analyze decision-making by a set of players who interact with each other through a set of strategies.. 6. 12 August 2019. 1. 6.1 What Is Game Theory?. Game theory is the study of how interdependent decision makers make choices. . A game must include players, actions, strategies, payoffs, outcomes, equilibria, and information. . solution concepts, and . Refinements of NASH Equilibrium. Tuomas Sandholm. The heart of the problem. In a 1-agent setting, agent. ’. s expected utility maximizing strategy is well-defined. But in a multiagent system, the outcome may depend on others. solution concepts, and . Refinements of NASH Equilibrium. Tuomas Sandholm. The heart of the problem. In a 1-agent setting, agent. ’. s expected utility maximizing strategy is well-defined. But in a multiagent system, the outcome may depend on...