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Can a Corporate Executive Really Use The Beautiful Mind; To guide decision making?
I would like to comment on the "A Beautiful Mind" movie and the book, which was actually much better. I just finished reading another book on the similar side of John Nashs' assertion of working together rather than competing against. That book was "Co-opetition." By Adam M. Brandenburger (Havard guy)and Barry J. Nalebuff (Yale Dude). Many have been aware of such theory for quite a while and practice such occasionally for the betterment of an industry or through the art of diplomacy, sometimes through misdirection and other times as an experiment (nothing more, nothing less) especially when it really does not matter and it is not really core to our direction and market domination strategy for any given region. I would have to differ from the movie version in that if you tried to run your business in the fashion that Jim Nash discussed in theory you might do well for a while, but would eventually get hammered in the market place, whether or not you actually were able to sleep with a brunette when you wanted the blond with the big bust (go see the movie, you will understand that comment). In theory it sounded wonderful in the movie yet would not take you very far in the cut throat world of business, even though the regulators always want to level the playing field, more often then not they are manipulated agents for the competition as indicated by Adam Smith, Carl Marx and Rodney Dangerfield in "Back to School." The fact is that even the referees of business, namely the regulating bodies who want to see the playing field leveled usually tip it in the favor of a politically powerful and well connected companies which fund the campaigns of the over see'ers (politicians). Once the regulatory bodies find they have been duped rather than bring it up with the politicians, they want to punish all the players in the industry and kick them out of the game, of course this hurts the fans (consumers) and then the game (industry) and then the referees and fans are not needed (read; "When Atlas Shrugged" By Ayn Rand). Unless a perfect and fair playing field exists John Nash's dream of a perfect system and economic structure cannot exist and that is pretty straight forward with the study of human psychology, Machiavelli, Maslow's hierarchy of needs, the prisoners, dilemma or a multitude of truisms surrounding human nature. The world does not work that way, it is not a perfect world and therefore such theories are not worthy of attempt although obviously interesting from an academia standpoint or discussion at the geological societies random coffee house dialogues. The win-lose scenario keeps forcing someone to lose, if we were to really see the true picture here we would find that what John Nash was saying is that you need to take into consideration giving someone else what they want so you can get what you want. I say Obviously John is right. Too bad regulators condemn the greatest contributors of mankind, while the competitors cheat, the playing field is not leveled and the true voter of the monetary unit of trade called a dollar cannot see thru the clutter and scatter of the advertising and behind the scenes truisms of a system which is not all it seems. When looking at the true methodology of John Nash's achievements it is fair to say that being able to put simple concepts into mathematical formulas will significantly help the future of computers capable of fuzzy logic calculate the answers to game theory, war efforts, strategic thinking and competition exposure in business. That will be one of the great achievements of his work, which will be in the future. However one who is at the helm of a business has other responsibilities such as the survival and profitability of the company and using John Nash's strict modeling in an imperfect world is dangerous to the ongoing vitality of a once going concern. Be careful to prematurely adopt perfect systems in an imperfect world. "Lance Winslow" - If you have innovative thoughts and unique perspectives, come think with Lance; www.WorldThinkTank.net/wttbbs
Latest News:Site: Yahoo! News Search Results for news News Ltd buys Getprice NEWS Ltd is preparing itself for the online retailing explosion with the acquisition of comparison shopping site, Getprice.com.au. Alabama news links: Judge gives man 187 years in prison on child porn convictions News from around Alabama. News Near You for Sept. 6 This daily column features short news items from some of the 20 localities that make up the greater Richmond area. If you have a news item, call 649-6990 or e-mail us at news@times dispatch.com NEWS NEAR YOU PowhatanB-24 bomber pilot Neely Young will speak at the World War II Round ... News Briefs Good news for working mothers. Minister of Education, Gideon Saar, announced Monday his decision to extend tuition subsidies for children aged 3-4 in public nurseries. BREAKING NEWS - Child struck by car, car doesn't stop TUCSON - News 4 has confirmed that a child was hit by a vehicle in the area of Drexel and Mission. Officers on scene say the vehicle did not stop. They are actively searching for the driver. Northwest News: John Canzano blames lousy city leadership for baseball's demise in Portland; Say so long to the ... Northwest News is a daily roundup of what's making headlines in the Pacific Northwest. News by location Get local and national news updates via E-mail. LUMBERTON - The Robeson County Board of Commissioners is expected to approve a resolution Tuesday formally adopting a quarter-cent sales tax increase. News buys up shopping website NEWS Limited has signalled a push into the online retail space. News Snapshot: Exit 12B in South Burlington is back in the spotlight ? THE NEWS: The city of South Burlington and the Chittenden County Metropolitan Planning Organization will hold a public meeting to discuss the latest developments on a proposed exit ? 12B ? from Interstate 89 onto Vermont 116 near Kennedy Drive. News by location Get local and national news updates via E-mail. Ten drivers have now clinched spots in the Chase for the Sprint Cup. HAMPTON, Ga. - Tony Stewart raced to his first victory of the year, pulling away from Carl Edwards off the final restart Sunday night at Atlanta Motor Speedway. Site: news - Google News AP Top News at 7:45 pm EDT - The Associated Press
MORE RESOURCES: Site: Yahoo! News Search Results for negotiation Ombud's letter leads to collapse of negotiation MANILA -- An ombudsman letter spelled the collapse of the negotiation in the August 23 hostage crisis, an officer tasked to talk with the hostage-taker told an inquiry on Monday. read more Philippines police 'have no negotiating team' The Philippine police do not have an official hostage negotiation team, the officer in charge of talking to the hijacker in a bus siege that ended with eight Hong Kong tourists dead said Monday. Philippine police has neither hostage negotiation unit nor manual: official The Philippine police has neither a dedicated negotiating team nor a manual on hostage taking crisis, the chief negotiator in the Aug. 23 hostage crisis revealed in Monday's public hearing. Philippine Police Has Neither Hostage Negotiation Unit Nor Manual MANILA, Sept 6 (Bernama) -- The Philippine police has neither a dedicated negotiating team nor a manual on hostage taking crisis, the chief negotiator in the Aug 23 hostage crisis revealed in Monday's public hearing, China's Xinhua news agency reported. Lack of Resources Blamed for Deadly Philippines Bus Assault Inquiry panel told that police had no hostage negotiation team to deal with crisis in which eight Hong Kong tourists were killed News Briefs Shalom to PM: Why Hiding Negotiation Details? At the cabinet meeting Sunday, Prime Minister Netanyahu said that nothing new was discussed in Washington during the beginning of direct negotiations with the PA, even though he said there that his government was prepared to make ?painful concessions?. Pipeline to pump crude from Russia After over a decade of negotiation and two years of construction, China will be able to tap directly into Russia's gas output with the completion of a pipeline next month. Bank hopping, salaries and bonuses In a recent survey published by eFinancialCareers , 77% of participants say that the power of negotiation lies with employers and not candidates as expectations on salaries and bonuses boom. Summary Box: WTO chief Lamy wants G20 trade push WHO IS PASCAL LAMY: The director general of the Generva-based World Trade Organization, which oversees the negotiation of trade rules and adjudicates disputes among its 153 member economies. Israeli settlement freeze necessary for Middle East direct peace talks: Egyptian FM Egyptian Foreign Minister Ahmed Abul Gheit said Monday halting the construction of Israeli settlements is necessary to ensure that direct peace talks between Palestinians and Israel continue, referring the Palestinians may stop negotiation if Israel decided not to extend the banning of freeze which is expired on Sept. 26. Site: negotiation - Google News Jets win big in Darrelle Revis negotiations - Examiner.com
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