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Essay / Research Paper Abstract
This 11 page paper considers the potential strategies of competing and cooperating. The two strategies are assessed with the advantages and the disadvantages examined and then game theory is used to assess which may be the best approach. The conclusion looks at the evidence as well as the limitations of game theory and argues that either may be a viable strategy. The bibliography cites 12 sources.
Page Count:
11 pages (~225 words per page)
File: TS14_TEcoopst.rtf
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Unformatted sample text from the term paper:
a competitive strategy or a co-operative strategy. There are few legal cartels, as this type of arrangement is deemed to be anti competitive in most industries and in most countries
(Shaw, 2007). However, there are many legal forms of co-operation from formal strategic alliances through to informal agreements. There are both advantages and disadvantages to each of
these strategies, with both benefits and costs associated with both choices. It is only by looking more closely at the potential issues that need to be considered and the options
the potential alternatives can be assessed in order to determine which may be the best strategy. 2. The Problem The main aim of business will be to make a
profit, the principle stakeholders under legislation are the shareholders who are the owners of a business (Elliott and Elliott, 2007). The investors in a firm will usually do so
with the aim of making a profit, this may be from the payment of dividends, through capital growth, or a combination of the two. For this to be realized a
firm has to make a profit and have a potentially good future. There may be some exceptions to this assumption, with some investment made to support a belief or idea
rather than to create a profit, but even where this occurs the firm need to remain viable (Chyssides and Kaler, 1998). The way a firm makes a profit and
performs in general is the result of many factors one of these is the way that they compete in the market place. There are many choices, not only concerning the
source of competitive advantage and the way that the firm supplies the goods or service, but the way that firm competes in relationship to the competition, this can be anything
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