How can game theory enhance organizational performance?
a) By minimizing costs only
b) By analyzing competitive strategies and improving decision-making
c) By ignoring market conditions
d) By establishing fixed goals
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How can game theory enhance organizational performance?
a) By minimizing costs only
b) By analyzing competitive strategies and improving decision-making
c) By ignoring market conditions
d) By establishing fixed goals
b) By analyzing competitive strategies and improving decision-making
Game theory helps organizations by modeling strategic interactions, anticipating competitors' moves, and optimizing decision-making to gain a competitive advantage.