Game Theory in Strategic Management

Citation:
Ogot MM. "Game Theory in Strategic Management.". 2011.

Abstract:

Game theory provides a formal language for describing conscious, goal-oriented, decision-making processes involving one or more players, where there is an interdependence of outcomes. This paper seeks to explore the potential of using game theory in strategic management. From the presented review of the current literature, the paper illustrates that the strength of game theory in strategic management lies in its ability to provide insights into competitive environments and strategies.

Notes:

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