game

1. Decision theory: Situation of conflict (competition) in which the payoffs received by participants from their actions, choices, and decisions are at least partly determined by the actions, choices, and decisions of the other contestants. This concept of games includes contests of strategy (such as baseball, basketball, card-games, checkers, chess, cricket, hockey, soccer, tennis), but not those based on pure chance (such as lotteries). In these situations, while one may (with practice) become more adept at predicting the opponents' strategies and tactics, one's moves are still constantly conditioned by the other participants' moves.

2. Marketing: Promotional event more similar to a contest than to a sweepstakes because it requires some level of skill (such as hitting a target with a ball). And a game often creates more participant involvement than either of them.

One way to think of business is as a board game. You can play the game as it exists, or you can try to change the game, either by changing the rules, changing the objective, changing who you're playing against, or by choosing to play an entirely different game.

• Get a Mentor
• Real Returns in the Textile Business
• The Business Game