Monthly Archives: March 2012

Parrondo’s Paradox – how losing strategies can win

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

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

“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 … Continue reading

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