Strategic decision-making for competitive advantage.
By Mahajan, S., & Kaur, T.
Mahajan, S., & Kaur, T. (n.d.). Strategic decision-making for competitive advantage. International Journal for Multidisciplinary Research.
This scholarly article examines the application of game theory to strategic business decisions. Mahajan and Kaur explore how mathematical models of conflict can be used to predict the behavior of competitors. The authors discuss classic scenarios like the Prisoner's Dilemma, applying them to real-world challenges including price wars. The research suggests that by anticipating moves, firms can develop more resilient strategies. This source is relevant for students and corporate strategists.