Sunday, January 30, 2011

Think Win-Win

It’s always best to be as efficient as we can be in anything we do.  Why waste our time accomplishing for something less? We should build relationships and try to help each other benefit. Granted the situation may not allow a win-win situation to be possible, but we should try to make the best of it. In a relationship, if one loses, both loses. If we are not building relationships, then Win-Lose maybe more appropriate.

There is much competition in today’s world. Economists have come up with “Game Theory” to analyze an economic phenomenon in auctions, duopolies or oligopolies. It describes the actions of the involved parties. Coca-Cola and Pepsi are not looking towards making a relationship. If Coke decreases its prices, it can increase its sales, robbing consumers from Pepsi; Win-Lose. In order win back customers, Pepsi will also lower its price. Because of Coke’s actions, now both companies are selling their products cheaper, decreasing it’s profits; not very efficient.

To be efficient, a relationship should be built. Integrity and trust must be part of a relationship. When there is trust and high emotional bank accounts, there is a greater probability of a successful and productive interaction.
Sometimes I wonder what goes through my lab partner’s mind when he doesn’t do his part of the lab. Perhaps it’s because he knows that if he doesn’t do it, I will because I care about my grade. It’s win-lose for him; he gets off doing less work and gets a good grade while I waste more time doing his part. Very rare am I paired up with a lab partner who has a common goal as I do and will work just as hard as I do to reach it. When we both work hard it’s win-win. 

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