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Game Theory and its application to strategic management
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Game Theory and its application to strategic management 2009

by Clemens Jger, Verena Hller

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Reader reviews for Game Theory and its application to strategic management

From the publisher

Wars may be lost, companies may go bankrupt and marriages may end in divorce. Such failures may be due to mistakes in decision-making. Strategic decision-making is of great and growing importance and decision-making in general is indeed the central issue in management and operations. It determines external as well as internal action and reaction. Managers have to make decisions and act so as to avoid bankruptcy but instead ensure the company's livelihood and enhance the company's value. These represent two of the major managerial goals. Shareholders eventually demand constant improvement in performance. It is, however, an art to appropriately assess situations of decision-making. Companies and their environment are typically dynamic and strategy cannot be viewed isolated as its success will depend on the decisions of others also. Game Theory as a theory of interaction provides appealing formal concepts and tools for examining such interdependent strategic behavior in business and economic settings. Although in literature hints can be found that Game Theory is already being applied by managers, the potential of Game Theory has not yet been exploited.

Details

  • Title Game Theory and its application to strategic management
  • Author Clemens Jger, Verena Hller
  • Binding unknown
  • Language ENG
  • Publisher BoD
  • Publication date 2009-03
  • ISBN 9783837075403

About the author

Dr. Clemens Jger is executive director of a medium sized real estate company in Germany. The company is specialized on execution sales and non-performing loans. Dr. Jger is also associate lecturer at the University of Applied Sciences in Essen/Germany. His main academic objectives various but his focus is on economic cycles, macroeconomic developments and especially deflation.

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Game Theory and its application to strategic management

Game Theory and its application to strategic management

by Clemens Jäger

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Game Theory and its application to strategic management
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Game Theory and its application to strategic management

by Clemens Jager

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Game Theory and its application to strategic management
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Game Theory and its application to strategic management

by Clemens Jäger

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Game Theory and its application to strategic management

by Jäger, Clemens

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