Everand Logo

Welcome to Everand!

  • Discover millions of ebooks, audiobooks, and so much more with a free trial

    Only $11.99/month after trial. Cancel anytime.

    Right Game: Use Game Theory to Shape Strategy
    Right Game: Use Game Theory to Shape Strategy
    Right Game: Use Game Theory to Shape Strategy
    Ebook52 pages47 minutes

    Right Game: Use Game Theory to Shape Strategy

    By Adam Brandenburger and Barry J. Nalebuff

    4/5

    ()

    Read preview

    About this ebook

    Business is like war: The best combatant wins while the worst loses, right? Not necessarily. Companies can succeed spectacularly without destroying others. And they can lose miserably after competing well. Exceptional businesses win by actively shaping the game they're playing, not playing the game they find. The Right Game shows you how to do this—by altering who's competing, what value each player brings to the table, and which rules and tactics players use. Since 1922, Harvard Business Review has been a leading source of breakthrough ideas in management practice. The Harvard Business Review Classics series now offers you the opportunity to make these seminal pieces a part of your permanent management library. Each highly readable volume contains a groundbreaking idea that continues to shape best practices and inspire countless managers around the world.

    LanguageEnglish
    PublisherHarvard Business Review Press
    Release dateOct 1, 2009
    ISBN9781633691292
    Right Game: Use Game Theory to Shape Strategy

    Related to Right Game

    Related ebooks

    Management For You

    View More
    View More

    Related podcast episodes

    Related articles

    • Article

      Moneyball For Business

      Aug 6, 2018

      Moneyball For Business
      13 min read

    • Article

      Rotman Management

      Sep 1, 2023

      Published in January, May and September by the Rotman School of Management at the University of Toronto, Rotman Management explores themes of interest to leaders, innovators and entrepreneurs, featuring thought-provoking insights and problem-solving

      1 min read

    • Article

      Way Out

      Oct 14, 2018

      When individuals choose to dream, great things can happen. From small steps on the moon’s surface, to giant ones in standards of living, it takes daring to disrupt. When brands dream, however, and choose to tell the world about it, things can get a l

      2 min read

    • Article

      Why a Hedge Fund Started a Video Game Competition

      Nov 30, 2017

      There’s a weird way in which a hedge fund is a confluence of everything. There’s the money of course—Two Sigma, located in lower Manhattan, manages over $50 billion, an amount that has grown 600 percent in 6 years and is roughly the size of the econo

      9 min read

    • Article

      Don’t Get Too Comfortable

      Jul 22, 2022

      Two key things matter for stockmarket valuations. One is earnings (both current and anticipated). The other is what investors are willing to pay for those earnings. At any given time, investors as a group may be willing to pay more for a given pound

      2 min read

    • Article

      How to Take Down Goliath

      Jan 26, 2021

      How to Take Down Goliath
      4 min read

    • Article

      Pau L Gouge

      Mar 21, 2024

      Pau L Gouge
      11 min read

    • Article

      The Big Lies of Strategy

      Sep 1, 2018

      The Big Lies of Strategy
      7 min read

    • Article

      Way Out

      Aug 12, 2018

      John Wooden, the winningest coach in the world of American college basketball, had a simple philosophy for success: it’s the little things that count, no matter how complex the battle. Wooden, who in the 1960s and ’70s guided UCLA (University of Cali

      2 min read

    • Article

      Editor's Note

      Jun 6, 2018

      Trust is the water-cooler conversation topic du jour for marketers and consumers alike. The Facebook and Cambridge Analytica revelations and subsequent media and legal storm have sent the issue global. Yet billions of people all over the world still

      2 min read

    • Article

      The Truth And Lies Your Agency Is Telling About Your Future Customer

      Feb 11, 2019

      The truth is many of our creative agencies don’t understand the future customer and are on autopilot, with unconscious bias threaded through their creative work. Brands are risking long-term damage by trusting agencies blindly. Campaign activity, fur

      7 min read

    • Article

      The Next GameStop? 25 Stocks With High Short Interest

      Jan 29, 2021

      Meme stocks are back in the headlines in a big way these days, with shares in everything from GameStop (GME, $220.39) to AMC Entertainment (AMC, $42.81) to Clover Health Investments (CLOV, $14.34) lighting up Wall Street message boards and CNBC's new

      2 min read

    • Article

      Becoming A Game Designer

      Dec 8, 2023

      Our basic rule set is perfectly good for a game at home or with our chums at the club, but as a commercial venture, it is lacking in the style or sparkle that will make it attractive enough for people to put their hands in their pocket and hand over

      6 min read

    • Article

      Why It Pays To Offer A Freebie

      Jun 11, 2021

      Last week the American cinema chain AMC started offering a free box of popcorn to anyone who owned its shares. Soon afterwards, armies of small investors, the same crowd that drove the valuation of GameStop through the roof at the start of the year,

      2 min read

    • Article

      Ariel's John W. Rogers Jr.: Value and Small Stocks Will Lead

      May 22, 2021

      John W. Rogers Jr. is chairman, co-CEO and chief investment officer of Ariel Investments, which he founded in 1983. He is the lead manager of Ariel Fund (ARGFX) and comanager of several others, including Ariel Appreciation. Read on as we ask Rogers a

      5 min read

    • Article

      The Media Agency Is Dead

      Mar 30, 2022

      The Media Agency Is Dead
      5 min read

    • Article

      Depend on Market Efficiency - Not Pundits - to Help Protect Your Portfolio

      Aug 31, 2018

      Hardly a day goes by without some self-proclaimed expert making lofty, and sometimes outrageous, predictions in the media about where the markets are heading and what you should do to help protect your portfolio. You may have noticed their forecasts

      3 min read

    • Article

      How To Get Sponsored

      Nov 4, 2021

      How To Get Sponsored
      5 min read

    Related categories

    Reviews for Right Game

    4/5

    5 ratings0 reviews

    What did you think?

    Tap to rate

    Review must be at least 10 words

      Book preview

      Right Game - Adam Brandenburger

      GAME

      Business is a high-stakes game. The way we approach this game is reflected in the language we use to describe it. Business language is full of expressions borrowed from the military and from sports. Some of them are dangerously misleading. Unlike war and sports, business is not about winning and losing. Nor is it about how well you play the game. Companies can succeed spectacularly without requiring others to fail. And they can fail miserably no matter how well they play if they make the mistake of playing the wrong game.

      The essence of business success lies in making sure you’re playing the right game. How do you know if it’s the right game? What can you do about it if it’s the wrong game? To help managers answer those questions, we’ve developed a framework that draws on the insights of game theory. After 50 years as a mathematical construct, game theory is about to change the game of business.

      Game theory came of age in 1994, when three pioneers in the field were awarded the Nobel Prize. It all began in 1944, when mathematics genius John von Neumann and economist Oskar Morgenstern published their book Theory of Games and Economic Behavior. Immediately heralded as one of the greatest scientific achievements of the century, their work provided a systematic way to understand the behavior of players in situations where their fortunes are interdependent. Von Neumann and Morgenstern distinguished two types of games. In the first type, rule-based games, players interact according to specified rules of engagement. These rules might come from contracts, loan covenants, or trade agreements, for example. In the second type, freewheeling games, players interact without any external constraints. For example, buyers and sellers may create value by transacting in an unstructured fashion. Business is a complex mix of both types of

      Enjoying the preview?
      Page 1 of 1