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The principles of the old and the new Economy

The “old” Economics of industry, retail, banks, etc. built up over decades, step by step, with lots of jobs. You could disappear due to the “new” digital Economy in barely a decade, in large Parts. The “old” Economy is guided by principles such as greater efficiency, rationalisation and capital maximization. The mission statement is the […]

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Digital Transformation – a step-child of the Economists

The digital Transformation of the unstoppable Transition of the analog in the Computer and Internet dominated world ‒ is forcing many economic and social areas, adapt or invent new, if you want to survive. Eye-catching appearance of this fusion of the real and the digital world: Not only the Internet generation, the older ones have […]

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The prisoner’s dilemma as a decision-making aid

Games of type of the “prisoner’s dilemma” will play in the business administration have a special role and will be presented so extensively. It is a non-cooperative game with two people, everyone decides for themselves, and simultaneously and can achieve advantages at the expense of the other. But it’s not a pure zero-sum game, i.e., […]

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The Google’s core and other spider webs

(Press release) , Arno Rolf, and Arno Sagawe explore whether digital Transformation and stable societies are compatible with each other. The data collecting mania of the Internet giants is no secret, and on the basis of this data base and new digital products, such as home automation, car electronics, drones, digital currencies, etc. penetrates the […]

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Management: For a one-goal strategy requires a truly no contractor

Companies are rarely the sole objective of profit maximisation, but several targets side by side, which can also conflict with each other. In addition to the profit, for example. Sales, market share, independence, Power, Prestige, and to observe corporate social responsibility objectives. In the case of concrete decisions on goals such as “profit maximize”, moreover, […]

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Knowledge. Clever in the lecture.

startup stock photos freepik.com (Press release) If the vacations are inclined to the end, the students working at home with the parents, with the Writing of the house or a part-time job spent, you need to prepare for the new Semester and especially on the new Lectures. Usually, the plan fails however due to a […]

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decision theory: requirements of an ideal system

Also in a company: aims to give information about what we aspire to as a state. In connection with decisions and goals, and the Following are the requirements for an ideal target system to be formulated. Completeness The decision-makers should bear in mind all the important aspects of the consequences. What is actually important, what […]

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Management: Good and bad choices

There are good and bad decisions in companies. And the result often depends on whether the decision is good or bad-structured. The the following examples show. In the simplest case one has a well-structured decision problem to do: The Problem to be solved is defined according to the type and extent of, the decision maker […]

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Bye, Bye WG-Stress

(Press release) The residential community is among students the most popular form of accommodation. According to the 20. Social survey of the Deutsches Studentenwerk’ll be around 29 percent of the students in a WG. But the want to live together to be organized: Who will bring the garbage out? Who is this week Cleaning? Who […]

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