JUL 12, 2011 9:12am ET

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The Stakeholder’s Dilemma

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Game theory models a strategic situation as a game in which an individual player’s success depends on the choices made by the other players involved in the game.

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Comments (2)
These situations - multiple stakeholders, shared resources, multiple "rounds" - can also be looked at in terms "tragedy of the commons".

Textbooks economics suggests property rights and pricing as the answer ... hard to do in most organisations.

Pricing the quality of information in particular is a real challenge.

-Greg.

Posted by greg h | Sunday, July 17 2011 at 11:43PM ET
Thanks for your comment Greg.

Excellent reference to "The Tragedy of the Commons" which I agree is sadly the stakeholder reality on many information management initiatives. With the absence of enlightened self-interest among the stakeholders, some form of information governance is necessary to enforce the sustainability of enterprise-wide initiatives.

Best Regards - Jim

Posted by Jim H | Tuesday, July 19 2011 at 10:48AM ET
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