LEADERSHIP DNA BY GAME THEORETIC APPROACH: FINDING OPTIMAL EQUILIBRIUM FOR WELLBEING AND PRODUCTIVITY

10^th World Congress on HEALTHCARE & TECHNOLOGIES

July 17-18, 2017 | Lisbon, Portugal

Marko Kesti

Lapland University, Finland

Keynote: J Health Med Informat

Abstract :

Profit unit leader gets information from the scorecards like monthly revenue and profit. Leader will also follow workers working time distribution and maybe notice the employee well-being. Economy and time are usually measured and thus under the focus of controlling. Wellbeing is also one production factor that the leader has created influence. Fundamental leadership problem lies in the difficulty to reliably measure the employee wellbeing and understand its� connection to work performance. There can be risk for conflicting information when profit reduce and leader thinks it can be improved by increasing time for work. If wellbeing decrease the performance reduces as well which cause more fuss and wasted time, in that case the time for work may increase but the effective working time reduces. Phenomenon seems to be too difficult to understand without practice based learning. Leadership connection to work wellbeing and business performance is widely studied and the knowledge has increased along the scientific contribution. The paper will present new research findings; so called leadership DNA in game theoretic approach. It combines the economic rules and wellbeing connection to business performance, and also human behavior in game theoretic approach. The introduced Bayesian model will combine conflicting objectives in a learning game where optimal leadership behavior can be trained. Research indicates that learning game will lead to the behavior where competing objectives can be optimized. Paper will illustrate that organization leadership is a Bayesian Stochastic Strategic Non-symmetric Signalling game. Practical game studies show that leaders can find Nash equilibrium where both employee wellbeing and business economy prosper in long term. To achieve this optimal equilibrium for success there are identified certain management qualities. These qualities are not so easy to acquire in reality but they can be learned through the leadership learning game.

Biography :

Marko Kesti works as an adjunct professor of Administrative Science in University of Lapland, Finland. Kesti completed his Ph.D. in 2012 and is now leading the research program dealing with human capital productivity. He has written several books at his research subject and is active in presenting research findings at conferences and seminars. Kesti is utilizing his research in helping organizations to analyze and improve their human capital performance. His analyzing tools and development methods are widely in use at Finnish business and municipal organizations.

Email: marko.kesti@ulapland.fi