Essay on Coevolutionary processes for strategic decisionsEssay Writing Service

Essay on Coevolutionary processes for strategic decisionsEssay Writing Service Essay on Coevolutionary processes for strategic decisions Essay on Coevolutionary processes for strategic decisionsStrategic decision-making in the long-term perspective is complicated because of the high level of ambiguity existing in the environment. Using traditional approaches and traditional tools of analysis might be efficient in short-term perspective and even in the middle-term perspective, but in the long-term perspective the responses of competitors, technological and structural changes of the environment and other major factors reduce the usefulness of existing business analysis tools.The purpose of this paper is to discuss coevolutionary gaming, to consider how this approach can be used to facilitate group decision making, how this approach might affect communication processes and how it can change the biases of group decision-making. It is also important to consider the cases in which coevolutionary gaming might hinder the processes of group decision-making.Coevolutionary gamingOne of approaches to analyzing games with multiple equilibria and infinite games in game theory is coevolutionary gaming. In this approach, the moves of the players are based both of previous actions of the player and its opponents, on the new moves undertaken by other players and on the new abilities acquired by other players. Therefore, the players evolve simultaneously while developing their strategies against each other.Coevolutionary gaming can be used not only in game theory. There are various applications of coevolutionary gaming to planning, resource allocation and decision-making. For example, military structures use the TEMPO military planning game in which several teams can invest into existing forces, acquire extra forces or modify them, invest into RD, develop intelligence and counter-intelligence (Johnson, 2005). The probability of war and war states are announced basing on the systems state. This game helps to achieve optimal allocation of resources in defensive and offensive technologies in the long-term period.Anot her example is the use of coevolutionary gaming for strategic analysis of competitive landscape. The Department of Defense uses coevolutionary gaming approach for analyzing the most viable alternatives in the long-term perspective in cases when strategy landscape is complex (Cares Miskel, 2007). Up to four teams perform strategic moves and responses modeling specific periods of time. The game might last up to 3 days, and the time horizons covered by strategic moves might exceed 20 or 30 years. The trajectory of co-evolution of teams is then analyzed and the dynamics of competition in the long-term period is considered.The impact of coevolutionary gaming on communication processesThere are many ways in which coevolutionary gaming can be used to enhance business decision-making. In particular, the use of coevolutionary gaming can help to determine the optimal approaches to communication and the extent of sharing information with the external world. For example, in one of the coevolut ionary games played by the Department of Defense, one team invested into a powerful RD technology, while the other team chose to invest into deception and concealment which discredited the emerging technology and made its profitability rather low (Cares Miskel, 2007). The considered case illustrates that competitors should choose a very balanced approach to sharing information, should avoid sharing too many details about the emerging technologies and should include various communication techniques as part of their business strategy. The cases of information leaks and deception should also be accounted for in a business strategy.For the purposes of strategic decision-making, it might be reasonable to consider the role of coevolutionary gaming in terms of Johari window. Johari window consists of four zones: open area (known both by the player and others), blind area (unknown by the player, but known by the others), hidden area (known by the player, unknown by the others) and unknown area (unknown by the player and other players) (Griffin Moorhead, 2009). The process of coevolutionary gaming allows to discover certain characteristics from the blind area and place them into the open area, and also helps to identify the characteristics in the hidden area which might be moved to open area and which should not be moved to open area. In the above-mentioned example with RD investments, the blind zone of the player which made RD investments was low sensitivity to external feedback and excess focus on research. These characteristics were uncovered in the coevolutionary gaming process.The impact of coevolutionary gaming on group decision biasesCoevolutionary gaming allows to eliminate some of the group decision biases. Using coevolutionary gaming, the players can explore the dynamics of competitive evolution and assess existing decision-making flaws. Furthermore, coevolutionary gaming helps to work out robust strategies which remain competitive in different evolutionary situations. Arriving to such strategies might require several coevolutionary games, but the resulting strategic approaches might be applicable in a larger variety of competitive situations.At the same time, coevolutionary gaming might also add new group decision-making biases. Since coevolutionary games are largely played between the representatives of one organization or company, the dynamics of these games is influenced by the corporate culture and values, and therefore might not reflect the patterns of true competitive dynamics. Furthermore, the universal strategies obtained in the process of coevolutionary gaming might be not optimal and not profit-maximizing in the majority of situations.ConclusionCoevolutionary gaming is an innovative approach which can be used for developing the frameworks of long-term business strategies. Coevolutionary gaming can be used to improve communication processes within the company as well as external communication processes. Furthermore, coevolut ionary gaming can help to expand to Johari window and to open some companys characteristics previously located in the blind zone. The use of coevolutionary gaming can help to reduce group decision-making biases. However, coevolutionary gaming can also impede decision-making due to the impact of corporate culture on evolutionary strategies and due to the use of similar strategy patterns in different situations. Therefore, it is necessary to have a critical approach the results of coevolutionary gaming.