Monthly Archives: March 2012

Parrondo’s Paradox – how losing strategies can win

Posted on March 29, 2012 by Barry Hughes

It is hard to believe but if you combine two losing games then, in some situations, you can turn them into a winning game. This is known as Parrondo’s paradox, named after Juan Parrondo (pictured), a Spanish physicist, who discovered … Continue reading →

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The hidden benefit in using small companies

Posted on March 22, 2012 by Barry Hughes

Last year Lloyds TSB started a programme of staff cuts, cost cutting and efficiency improvements. They said: “We will optimise our demand management, simplify specifications and further strengthen our supplier relationships, reducing the number of suppliers to the group from … Continue reading →

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Strategy lesson from a great Chinese warrior

Posted on March 14, 2012 by Barry Hughes

“Books are only useful in helping me remember my name. Mastering swordsmanship allows me to face only one opponent, so it’s not worth learning. I want to learn how to defeat 10,000 enemies.” Xiang Yu Xiang Yu was born into … Continue reading →

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