February 04, 2004

Strategy

Thomas Lifson, who says he graduated from Harvard Business School one year after George W. Bush did, examines the Bush presidency through the lens of what is taught in that famous MBA program, and comes to some interesting conclusions about setting strategic goals, management style, and... playing poker. Very interesting.

One final note on George W. Bush’s management style and his Harvard Business School background does not derive from the classroom, per se. One feature of life there is that a subculture of poker players exists. Poker is a natural fit with the inclinations, talents, and skills of many future entrepreneurs. A close reading of the odds, combined with the ability to out-psych the opposition, leads to capital accumulation in many fields, aside from the poker table.

By reputation, the President was a very avid and skillful poker player when he was an MBA student. One of the secrets of a successful poker player is to encourage your opponent to bet a lot of chips on a losing hand. This is a pattern of behavior one sees repeatedly in George W. Bush’s political career. He is not one to loudly proclaim his strengths at the beginning of a campaign. Instead, he bides his time, does not respond forcefully, a least at first, to critiques from his enemies, no matter how loud and annoying they get. If anything, this apparent passivity only goads them into making their case more emphatically.

Only time will tell, whether Saddam ever had any WMDs. Their non-existence has not been proven. Only time will tell whether or not Osama bin Laden (or his corpse) will be taken into custody by American Troops. Only time will tell whether or not Iraq will continue to make progress toward a transition toward a peaceful democratic government. George W. Bush knows much more information about these topics than his domestic political opponents do. At the moment, they are betting a lot of their chips on one side of these questions.

We will see by November who has the winning hand.

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Posted by Alan at February 4, 2004 12:06 PM