Game Theory Applied to Strategic Planning
||Friday, May 18, 2007
||07:00 AM to 10:00 AM
UNO Alumni Center
68th and Dodge
About the Topic
Complex strategic business issues can often generate millions of possible strategic outcomes. Identifying the best attainable strategic outcome from all of these possibilities while simultaneously avoiding potential danger outcomes is possible by using a mathematical process known as "Game Theory".
In this interactive session, Michael Phillips will discuss how taking a game theoretic approach can be a quick an effective strategic process for addressing many complex business issues as organizations you may be facing or could face in the future. Michael will introduce the concept of game theory, share a case study, out of the 300 plus Open Options has completed over the last 10 years, and will facilitate a short Game Theory session to allow participants to experience a portion of this process.
Join us for this unique twist on planning!
WHAT YOU WILL LEARN, DO AND TAKE AWAY FROM THE WORKSHOP
- The types of problems Game Theory has helped solve
- How it has been applied in real world strategic business situations
- Why Game Theory works
- Build a basic game theory model, the first step in addressing a complex multiple stakeholder business issue.
As John Cassaday, President and CEO of Corus Entertainment Inc remarks - "Game theory is a tough and demanding process in that it forces decision-makers to step into the shoes of competitors and other stakeholders. That doesn't come naturally. Corporations tend to overestimate their own capabilities and underestimate their competitors. Game theory forces a true assessment of these internal and external factors, and yields a more realistic assessment of the likelihood of success of any given strategic move."
And as Joel Cawley, Vice-President Corporate Strategy of IBM observed - "With the Open Options guys, we've gotten to the point where we can assemble a team and, in the course of three or four days, gather the data for the workshops, feed it in, and within a couple of weeks have good outputs and good answers and good insights.
Please note that we have extended this program by one hour to accommodate a simulation using Game Theory.
To learn more about Gaming Theory, please visit this link - http://www.theglobeandmail.com/servlet/story/RTGAM.20070125.rmgame0125/BNStory/specialROBmagazine/home
If you have any questions, call Laura Horak at (402) 596-8326.
This program is sure to be very popular so don't delay - sign up today.
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