![]() ![]() A long-term perspective is also required, to show how decisions made now will affect profits later on. Another is unpredictability, illustrated by changing technologies and shifts in market demand. These include a strongly competitive market, so that players must react to each other’s actions. To be most effective, war games should include certain specific real world conditions. When the dust has settled, the authors say, managers look back on these simulations as one of the most challenging and stimulating exercises of their careers. The game begins with a prepared set of business conditions and, when the whistle blows, anything goes - that is, anything that can happen in the real world, including mergers & acquisitions and natural disasters. A control team plays all other entities that affect the industry. ![]() In a corporate war game, senior managers play their own company, a select group of their competitors and the marketplace. Marine Corps combat leaders in the art of making successful decisions under pressure. Until recently, he was President of the New York Mercantile Exchange (NYMEX) whose floor traders, experienced at taking split-second decisions, train U.S. John Treat, co-author of “Wargaming” with fellow Booz-Allen consultants George Thibault, the leader of the firm’s business wargaming group, and Amy Asin, a member of the firm’s core knowledge team, is unusually well qualified on this subject. ![]() Drawing on military wargames to simulate battlefield conditions, commercial wargaming simulates a set of business conditions and challenges executives to design successful strategies that are able to evolve with the changing nature of the environment. ![]()
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