IDEAS home Printed from https://ideas.repec.org/a/pal/jorsoc/v58y2007i9d10.1057_palgrave.jors.2602246.html
   My bibliography  Save this article

Competitive dynamics and gaming simulation: lessons from a fishing industry simulator

Author

Listed:
  • M H Kunc

    (London Business School)

  • J D W Morecroft

    (London Business School)

Abstract

Experiments with a gaming simulator of the fishing industry show that a wide range of firm and industry performance can arise from players’ differing perceptions of the competitive environment. When transferred into the arena of applied strategy development, the results suggest that modellers should give more attention to modelling alternative conceptualizations of strategic intent in the minds of rival business leaders and the firms they create. This new interpretive emphasis should complement the traditional modelling of cross-functional coordination that has been the hallmark of much published work in strategic modelling and simulation. When leaders and firms in the same industry adopt quite different views of the overall system of resources in the industry, it is important to model the heterogeneity of rival firms in order to understand the dynamic performance of the firm and the industry. We propose a modelling approach that captures heterogeneity among the strategic resources that rival firms seek to build and in the operating goals and coordinating processes they use to build them.

Suggested Citation

  • M H Kunc & J D W Morecroft, 2007. "Competitive dynamics and gaming simulation: lessons from a fishing industry simulator," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 58(9), pages 1146-1155, September.
    • Handle: RePEc:pal:jorsoc:v:58:y:2007:i:9:d:10.1057_palgrave.jors.2602246
    DOI: 10.1057/palgrave.jors.2602246
    as

    Download full text from publisher

    File URL: http://link.springer.com/10.1057/palgrave.jors.2602246
    File Function: Abstract
    Download Restriction: Access to full text is restricted to subscribers.
    File URL: https://libkey.io/10.1057/palgrave.jors.2602246?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    References listed on IDEAS

    as
    1. T-S Jan & C-T Hsiao, 2004. "A four-role model of the automotive industry development in developing countries: a case in Taiwan," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 55(11), pages 1145-1155, November.
    2. John D. W. Morecroft, 1985. "Rationality in the Analysis of Behavioral Simulation Models," Management Science, INFORMS, vol. 31(7), pages 900-916, July.
    3. Robert G Dyson, 2000. "Strategy, performance and operational research," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 51(1), pages 5-11, January.
    4. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 9, pages 178-203, Palgrave Macmillan.
    5. Sterman, John D., 1985. "A behavioral model of the economic long wave," Journal of Economic Behavior & Organization, Elsevier, vol. 6(1), pages 17-53, March.
    6. Erling Moxnes, 1998. "Not Only the Tragedy of the Commons: Misperceptions of Bioeconomics," Management Science, INFORMS, vol. 44(9), pages 1234-1248, September.
    7. Daniel Levinthal & Jennifer Myatt, 1994. "Co‐Evolution of Capabilities and Industry: The Evolution of Mutual Fund Processing," Strategic Management Journal, Wiley Blackwell, vol. 15(S1), pages 45-62, December.
    8. B C Dangerfield & C A Roberts, 2000. "A strategic evaluation of capacity retirements in the steel industry," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 51(1), pages 53-60, January.
    9. William Edward Remus, 1978. "Testing Bowman's Managerial Coefficient Theory Using a Competitive Gaming Environment," Management Science, INFORMS, vol. 24(8), pages 827-835, April.
    10. Sterman, John D., 1989. "Misperceptions of feedback in dynamic decision making," Organizational Behavior and Human Decision Processes, Elsevier, vol. 43(3), pages 301-335, June.
    11. H. Scott Gordon, 1954. "The Economic Theory of a Common-Property Resource: The Fishery," Journal of Political Economy, University of Chicago Press, vol. 62(2), pages 124-124.
    12. John D. Sterman, 1989. "Modeling Managerial Behavior: Misperceptions of Feedback in a Dynamic Decision Making Experiment," Management Science, INFORMS, vol. 35(3), pages 321-339, March.
    13. Mark Paich & John D. Sterman, 1993. "Boom, Bust, and Failures to Learn in Experimental Markets," Management Science, INFORMS, vol. 39(12), pages 1439-1458, December.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Diego Damásio Lima & Daniel Pacheco Lacerda & Miguel Afonso Sellitto, 2017. "Systemic Analysis of the Brazilian Production Chain of Semiconductors: Graphic Representation and Leverage Points," Systemic Practice and Action Research, Springer, vol. 30(3), pages 295-316, June.
    2. E Tapinos & R G Dyson & M Meadows, 2011. "Does the Balanced Scorecard make a difference to the strategy development process?," Journal of the Operational Research Society, Palgrave Macmillan;The OR Society, vol. 62(5), pages 888-899, May.
    3. Rossen Kazakov & Martin Kunc, 2016. "Foreseeing the Dynamics of Strategy: An Anticipatory Systems Perspective," Systemic Practice and Action Research, Springer, vol. 29(1), pages 1-25, February.
    4. Schaffernicht, Martin & Groesser, Stefan N., 2011. "A comprehensive method for comparing mental models of dynamic systems," European Journal of Operational Research, Elsevier, vol. 210(1), pages 57-67, April.
    5. Wang, Juite & Lai, Jung-Yu, 2020. "Exploring innovation diffusion of two-sided mobile payment platforms: A system dynamics approach," Technological Forecasting and Social Change, Elsevier, vol. 157(C).
    6. Torres, Juan Pablo & Kunc, Martin & O'Brien, Frances, 2017. "Supporting strategy using system dynamics," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1081-1094.
    7. You, Mengjie & Li, Shuang & Li, Dingwei & Cao, Qingren & Xu, Feng, 2020. "Evolutionary game analysis of coal-mine enterprise internal safety inspection system in China based on system dynamics," Resources Policy, Elsevier, vol. 67(C).
    8. Marieke de Wijse-van Heeswijk, 2021. "Ethics and the Simulation Facilitator: Taking your Professional Role Seriously," Simulation & Gaming, , vol. 52(3), pages 312-332, June.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Schnier, Kurt E. & Anderson, Christopher M., 2006. "Decision making in patchy resource environments: Spatial misperception of bioeconomic models," Journal of Economic Behavior & Organization, Elsevier, vol. 61(2), pages 234-254, October.
    2. John Hey & Tibor Neugebauer & Abdolkarim Sadrieh, 2009. "An Experimental Analysis of Optimal Renewable Resource Management: The Fishery," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 44(2), pages 263-285, October.
    3. Jürgen Strohhecker, 2016. "Factors influencing strategy implementation decisions: an evaluation of a balanced scorecard cockpit, intelligence, and knowledge," Journal of Management Control: Zeitschrift für Planung und Unternehmenssteuerung, Springer, vol. 27(1), pages 89-119, February.
    4. H. Stouten & A. Heene & X. Gellynck & H. Polet, 2008. "The effect of restrictive policy instruments on Belgian fishing fleet dynamics," Working Papers of Faculty of Economics and Business Administration, Ghent University, Belgium 08/540, Ghent University, Faculty of Economics and Business Administration.
    5. Moxnes, Erling, 1998. "Overexploitation of renewable resources: The role of misperceptions," Journal of Economic Behavior & Organization, Elsevier, vol. 37(1), pages 107-127, September.
    6. Langley, Paul A. & Morecroft, John D. W., 2004. "Performance and learning in a simulation of oil industry dynamics," European Journal of Operational Research, Elsevier, vol. 155(3), pages 715-732, June.
    7. Federico Cosenz & Guido Noto, 2016. "Applying System Dynamics Modelling to Strategic Management: A Literature Review," Systems Research and Behavioral Science, Wiley Blackwell, vol. 33(6), pages 703-741, November.
    8. Delgado-Alvarez, Carlos A. & van Ackere, Ann & Larsen, Erik R & Arango-Aramburo, Santiago, 2017. "Managing capacity at a service facility: An experimental approach," European Journal of Operational Research, Elsevier, vol. 259(1), pages 216-228.
    9. Larsen, Erik R. & Morecroft, John D. W. & Thomsen, Jesper S., 1999. "Complex behaviour in a production-distribution model," European Journal of Operational Research, Elsevier, vol. 119(1), pages 61-74, November.
    10. Ali Akhavan & Paulo Gonçalves, 2021. "Managing the trade‐off between groundwater resources and large‐scale agriculture: the case of pistachio production in Iran," System Dynamics Review, System Dynamics Society, vol. 37(2-3), pages 155-196, April.
    11. John Sterman, 2011. "Communicating climate change risks in a skeptical world," Climatic Change, Springer, vol. 108(4), pages 811-826, October.
    12. Arango, Santiago & Moxnes, Erling, 2012. "Commodity cycles, a function of market complexity? Extending the cobweb experiment," Journal of Economic Behavior & Organization, Elsevier, vol. 84(1), pages 321-334.
    13. David C. Lane & Birgit Kopainsky & Ali Kerem Saysel, 2017. "Role of Information Feedback in Soil Nitrogen Management: Results from a Dynamic Simulation Game," Systems Research and Behavioral Science, Wiley Blackwell, vol. 34(4), pages 424-439, July.
    14. Evanschitzky, Heiner & Wangenheim, Florian v. & Wünderlich, Nancy V., 2012. "Perils of Managing the Service Profit Chain: The Role of Time Lags and Feedback Loops," Journal of Retailing, Elsevier, vol. 88(3), pages 356-366.
    15. Leopold-Wildburger, Ulrike & Strohhecker, Jürgen, 2017. "Strategy map concepts in a balanced scorecard cockpit improve performanceAuthor-Name: Hu, Bo," European Journal of Operational Research, Elsevier, vol. 258(2), pages 664-676.
    16. Torres, Juan Pablo & Kunc, Martin & O'Brien, Frances, 2017. "Supporting strategy using system dynamics," European Journal of Operational Research, Elsevier, vol. 260(3), pages 1081-1094.
    17. Sadrieh, A., 2003. "Equity versus Warm Glow in Intergenerational Giving," Other publications TiSEM 89f19483-3c73-4838-854f-9, Tilburg University, School of Economics and Management.
    18. Atun, Rifat A. & Lebcir, Reda M. & McKee, Martin & Habicht, Jarno & Coker, Richard J., 2007. "Impact of joined-up HIV harm reduction and multidrug resistant tuberculosis control programmes in Estonia: System dynamics simulation model," Health Policy, Elsevier, vol. 81(2-3), pages 207-217, May.
    19. Selles Jules & Bonhommeau Sylvain & Guillotreau Patrice & Vallée Thomas, 2020. "Can the Threat of Economic Sanctions Ensure the Sustainability of International Fisheries? An Experiment of a Dynamic Non-cooperative CPR Game with Uncertain Tipping Point," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 76(1), pages 153-176, May.
    20. Fischer, Maria-Elisabeth & Irlenbusch, Bernd & Sadrieh, Abdolkarim, 2004. "An intergenerational common pool resource experiment," Journal of Environmental Economics and Management, Elsevier, vol. 48(2), pages 811-836, September.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:jorsoc:v:58:y:2007:i:9:d:10.1057_palgrave.jors.2602246. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave-journals.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.