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Economics, specifically a microeconomics oriented approach is one that rapidly creates structure and clarity in situations with complex and contradictory information.
Microeconomics as illustrated by recent developments in information economics enables the modeling of issues such as coordination, motivation, risk, uncertainty and incentives.
One of the most simple, yet under-appreciated basic facts is that if when one evaluates ones options, the probabilities of them occurring have to add up to one. If they do not then they are either looking at the world through rosy eyes or those of a pessimist.
The world over time doesn't care for either one of these two types. The firms that belong to neither of these two camps have a significant edge, as they see the world around them for what it is.
They therefore take the time to plan and execute accordingly, thereby creating a competitive edge for their company.
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