Author Archive

Bildung & Education

The journal paper adapts Foucault’s concepts with the Bildung philosophy to define a public choice of self. Rather than acceptance of the socio-political status quo, Bildung is about the ability to criticise society, challenging it always. However, the labour of ‘becoming educated’ to a set of performance criteria focuses on the question of who we are and who we might become in an episteme of education; that is, on a public choice of self.
Lying is the norm……

Bildung Article

What is Game Theory?

Game theory is about choices and trade-offs and how we interact with each other in different situations. In business, for example, companies do compete and more often they collaborate on joint ventures. As players in a game, how well a player does depends on what each player believes the other player is likely to do.

The First Entelechy of Strategy: Data Patterns

Data has intrinsic patterns and they are not easily observed. Finding the pattern reveals the strategy of a company. A data pattern is the first entelechy of strategy – the first actualisation of what a company is all about. In coaching and consultancy, the Covington-McNutt Template provides a guide to the construction of critical time lines, CTLs. A CTL reveals a pattern of action and reaction and identifies a competitor that is more likely to react first from the sum of competitors. The research is back to basics and simple, checking the micro-data for signals. The signals can be used as a diagnostic tool and assist management to shape strategy. Building on the behavioural T/3 framework in the book Decoding Strategy the objective in the 21st century is to uncover the hidden data patterns embedded in a company’s behaviour and in the behaviour of its rivals. They are all players in a game of moves, actual moves and potential moves.

CovingtonMcNutt PDF

Book: Decoding Strategy

Deceiving Strategy: Deceiving Strategy PDF

In this document we ask: is it rational for an entrant to retreat from the game? The answer depends on the belief formation process of both players, the timing of entry and commitment from the incumbent. In order to assess the value proposition for a client-entrant we describe the main battlefield, open a pre-entry playbook, assess the risk-on of the strategy sets and provide an Aide Memoire to management.

Patrick Mcnutt - Decoding Strategy

masterclass

Link to book on publisher’s website

In his new book, Decoding Strategy, Patrick introduces the T/3 framework as a template for discovering patterns in company data and intelligence. With an emphasis on player type, game technology and time, the T/3 framework supports a narrative on rival interaction and observation. He argues that patterns do exist in the data but the challenge is to discover the patterns. Game dimensions are identified and companies are defined as players in a game. The book offers management and individuals a possible template for understanding patterns with a view to predicting the next move in a game.

Patterns & Critical Analysis

Behaviour & Observations

Podcast: Second Win

Second Win

The second win is a move in the strategy set that is guided by knowledge of player type rather than by the path of payoffs. Playing the second win a player forfeits larger payoffs that could be achieved by more aggressive play in the early sequence of moves. A relatively new concept for players in a game. In some games, clients as players should be advised to consider a second mover advantage or create a distinctive camouflage. Observe opponent type and find the degree of repetition. In the early Turing moves of a game play less aggressively, focus on type not payoffs and follow the second win playbook. The idea is linked to Thief of Nature from: Workshop Slideshow Beginning 2012/

Second Win - Download This Episode

Archive Slideshows

Doing Business in China

Writing for British Chamber of Commerce in Shanghai during a recent visit where Patrick offered a strategic framework for doing business in China. His views on China companies and China RMB strategy are also available HERE

ChinaSuitcase.pdf

New Module: Ethics in Business

Patrick launches a new module ‘Ethics and Responsibility in Business’ on the Manchester MBA programme in January 2015.

Combining Kantian ethics with game theory reasoning and analysis, using case studies and examples, the module offers a new and refreshing approach to
business ethics, governance and anti-trust regulations. It builds and extends on the range of issues discussed in the International Journal of Social Economics.

A Nudge Too Far: Are You Ready for the Future?

Using audience participation games Patrick will be addressing business audiences in both Singapore (March 3rd) and Hong Kong (March 6th) on the theme of the digital self and data patterns. Building on a series of behavioural economics anecdotes and real examples from game theory he will present a critical review of game theory and behavioural tools as applied to (i) algorithms and data patterns, and (ii) predicting individual behaviour from patterns. The presentation will introduce the nudge phenomenon of assessing rational behaviour by discovering individual patterns and analysing the information content of data patterns. The audience participation games will be framed by asking: ‘are you ready for the future?’

Information and registration contact: connect@mbsw.edu.sg

TalkTemplate Asia PDF

Management Behaviour & Twittering of Geese

An early version of a manuscript has been discovered amongst the archives, so here it is with a particular relevance today in defining the game boundaries of a management team, wherein products survive, markets evolve and firms grow. As players, management adapt to their environment and adopt new strategies just like a family of geese in a ‘game of geese’ against the stealth fox.

Management Behaviour & Twittering of Geese