By Forrest Blake
After watching the moving Beautiful Mind, I began researching John Nash’s Nobel prize winning thesis on game theory. It will be very difficult to condense all of his brilliance into a concise email. My goal is to give you a few good points to think about out of the volumes of information I have reviewed.
Nash believed that the human mind could accomplish anything with mathematical ideas. We are going to focus on his strategy from his perspective. Nash describes cooperative games to mean a situation involving a set of players, pure strategies, and payoffs. He visualized a transaction as the outcome of either a process of negotiation or else independent strategizing by individuals each pursuing his or her own interest. Instead of defining a solution directly, he suggested developing a strategy that ask what reasonable condition would need to be satisfied, given the any division of gains. He then posited four conditions and, using an ingenious mathematical argument, showed that, if the axioms (needs of the parties) held, then unique solution existed that maximized the product of the participants’ utilities. Essentially, he reasoned, how gains are divided reflects how much the transaction is worth to each party and what other alternatives each have. This gives him the highest possibility of successes by mathematically analyzing the likelihood of the individual result. Therefore, predicting the future outcome of any negotiations.
Clearly, golf is a game. Does the Game Theory apply? The answer is . . . YES. If we visualize the outcome of any round based on historical situations, then the result will be similar to the last 100 rounds we played. The only way you change the equilibrium of your golf game is to change the strategy. This could be taking a course management lesson or changing your swing at GolfTEC. It possibly, might be as simple as changing the environment and taking a vacation in Scotland.
“If you’re going to develop exceptional ideas, it requires a type of thinking that is not simply practical thinking.” John Nash
By Forrest Blake
Click Here for Investor Relations Page
The owner of 12 GolfTEC Centers here in Sothern California, Sky Golf LLC, has great news on their continuing success of its business. The fiscal year end was August 31st and we are happy to report an increase in EBIDAT of 62%. During one of the most difficult times for discretionary retail in the US we have now posted two years of in a row of profitability. The expectations this year is to increase another $200,000 and begin to drive towards our goal of a million in EBIDAT. Gross Same Store Sales revenue increased over 20% in 2011 which is in addition to 27% increase posted in 2010. These numbers don’t include the successful launch of Fairway Vacations and the continuation of the growth of our golf social network MyGolfPeople.com.
These are some of the pictures from our Fairway Vacations trip to Scotland with GolfTEC.
If the economy stay bad for a few more years. Maybe can shift our thinking to where success can be measured in ways other than relentless acquisition. Certainly you’d have less stress if you weren’t lying awake at night wondering how to pay for all that stuff. Golf is a great departure from the grind of the day. Playing more golf can relax your mind and create a focus on what matters or golfing friends and our own mental sanity. For lessons go to GolfTEC. For golf travel go to Fairwayvacations and for social networking around golf go to MyGolfPeople.
This was a great trip and most of these guys went to Scotland with us. It was a great time and we brought along one of our Certified Golf Coaches from GolfTEC - Joe Dougherty.
In today’s market-driven economy, we are so bombarded with messages, print, TV, radio, theater, the Internet, direct mail, telemarketing, email blast, that the only one that will get your attention is one that engages the human spirit. Golf does this. Corporate hospitality events are focusing less on trappings and more on the sport of golf itself. One example of this is a golf-instruction school geared toward business entertaining at GolfTEC Improvement Centers. Now, you no longer have to suffer the indignity of revealing a feeble backswing to a class full of strangers. Instead, you get to share your experience learning with a GolfTEC Certified Coach with partners, clients, and suppliers, who are more likely to commiserate.
The new economy in Southern California means each and every dollar must be spent strategically. Many corporations and professional service firms are finding that golf entertaining creates results and is affordable to any marketing budget. Click here for photos.
This is a new way for the business person to capture the attention of the people they are trying to impress. The game of golf is synonymous with big business. Golf instruction and travel with a custom Palm Springs trip through Fairway Vacations can be a vehicle to help companies introduce products, maintain existing customers, go after new ones, or reward their best. There is nothing like this experience.
When I played this hole with FairwayVacations.com I went ahead and hit Drive and it rolled all the way to the green. Here is what the Caddy told me. The ideal position for the opening tee shot is on the high ground to the left side of the fairway. Any drive leaking right will leave a blind approach for the second shot. The approach shot can be played to the left of the green as the natural contours will kick the ball in towards the flag.
Recent Comments