If You Don’t Plan Your Business Strategically Then You’re Planning To Fail.

Applied game theory in business

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Photo by Scott Graham on Unsplash

A simple process is to simply create contingency mechanisms such as a priority ranking of items excluded from the plan, showing which items to fund if more resources should become available and a priority ranking of some items included in the plan, showing which items should be sacrificed if total funding must be reduced.

Using software built around resource allocation algorithms

Final Thoughts

There are many areas in business where allocative efficiency can be the determining factor for success or failure. These include…

To explore more of these ideas and some of my longer pieces on resource allocation and applied game theory please visit my website and sign up for my free newsletter.

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By Lewis

“Lewis amazing. I recommend him to anyone who wants less stress and more energy.” — Jack Canfield, Co-author, The Chicken Soup for the Soul books and films.

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I offer advice on the arts, innovation, self-improvement, life lessons, mental health, game theory strategies, and love. LewisCoaches.Medium.com

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