Game Theory and its application to strategic management Jr 1Deskription58

1Deskription58

and novel application

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Den Schluß der Arbeit bildet die Analyse der Ergebnisse

Game Theory and its application to strategic management Jr 1Deskription58Wars may be lost, companies may go bankrupt and marriages may end in divorce. Such failures may be due to mistakes in decision making. Strategic decision making is of great and growing importance and decision making in general is indeed the central issue in management and operations. It determines external as well as internal action and reaction. Managers have to make decisions and act so as to avoid bankruptcy but instead ensure the companys