Strategic dominance

Examples of Strategic dominance in the following topics:

• The Prisoner's Dilemma and Oligopoly

  • For both players, the choice to betray the partner by confessing has strategic dominance in this situation; it is the better strategy for each player regardless of what the other player does.
  • Prisoner dilemma scenarios are difficult strategic choices, as any deviation from established competitive practice may result in less profits and/or market share.
  • Betrayal in the dominant strategy for both players, as it provides for a better individual outcome regardless of what the other player does.
  • Analyze the prisoner's dilemma using the concepts of strategic dominance, Pareto optimality, and Nash equilibria

• What is Strategy?

  • Strategic management can depend upon the size of an organization and the proclivity to change the organization's business environment.
  • Henry Mintzberg stated that there are prescriptive approaches (what should be) and descriptive approaches (what is) to strategic management.
  • No single strategic managerial method dominates, and the choice between managerial styles remains a subjective and context-dependent process.
  • As a result, Mintzberg hypothesized five strategic types:
  • Strategy as plan: a directed course of action to achieve an intended set of goals; similar to the strategic planning concept

• Promotion Strategies

  • In this scheme, firms are classified based on their market share or dominance of an industry.
  • Typically there are four types of market dominance strategies:
  • These strategies concentrate on the dimensions of strategic scope and strategic strength.
  • Strategic scope refers to the market penetration while strategic strength refers to the firm's sustainable, competitive advantage.
  • The Marketing Metrics Continuum provides a framework for how to categorize metrics from the tactical to strategic.

• Game Theory Applications to Oligopoly

  • Betraying the partner by confessing is the dominant strategy; it is the better strategy for each player regardless of how the other plays.
  • A monopolized market has only one firm, and thus strategic interactions do not occur.
  • In a prisoner's dilemma game, the dominant strategy for each player is to betray the other, even though cooperation would have led to a better collective outcome.

• Antitrust Laws

  • Microsoft, through the effective strategic design and sale of their operating platform, attained a monopolistic hold on the computer industry.
  • Regulating against strategic actions that may result in diminishing the competitive elements of a market.
  • This is usually targeted at dominate players in an industry, who may have a tendency to price gauge or other manipulations.
  • Overseeing mergers, acquisitions, joint ventures and other strategic alliances to avoid consolidation that may be damaging to free markets.

• Consolidation Strategy

  • In strategic management, it often refers to the mergers and acquisitions of many smaller companies into much larger ones.
  • The dominant rationale used to explain M&A activity is that acquiring firms seek improved financial performance.
  • Strategic Management Journal 25 (2): 187–200. doi:10.1002/smj.371).
  • Because of the costs involved, consolidation is a very high-level strategic decision.
  • Managing this type of change strategically is complex and rife with conflict.

• Overview of Types of Strategic Plans

  • The broader overview of strategic plans, as well as the five subgroups within strategic planning, provide businesses with direction.
  • Strategic management leverages strategic planning in order to design and execute a variety of plans specifically created to approach various facets of the business and competitive environment.
  • It is worth analyzing the broader overview of strategic plans, as well as the five subgroups within strategic planning that provide businesses with an outline of their strategic direction.
  • Strategic plans are what communicate the corporate strategy, direction, and resource allocation.
  • Long-range plans are those most closely related to the overall strategic-planning process.

• Limits of Fiscal Policy

  • Policy makers are viewed to interact as strategic substitutes when one policy maker's expansionary (contractionary) policies are countered by another policy maker's contractionary (expansionary) policies.
  • If they behave as strategic complements,then an expansionary (contractionary) policy of one authority is met by expansionary (contractionary) policies of other.
  • But when, the goals of one authority is made subservient to that of others, then the dominant authority solely dominates the policy making and no interaction worthy of analysis would arise.
  • Fiscal conservatism was the dominant position until the Great Depression.

• Entry Barriers

  • The most important barriers are economies of scale, patents, access to expensive and complex technology, and strategic actions by incumbent firms designed to discourage or destroy new entrants.
  • Consequently, the industry is dominated by two firms.

• Introduction to Integrated Marketing Communications

  • The American Association of Advertising Agencies defines IMC as "a comprehensive plan that evaluates the strategic roles of a variety of communication disciplines and combines these disciplines to provide clarity, consistency and maximum communication impact. " The primary idea behind an IMC strategy is to create a seamless experience for consumers across different aspects of the marketing mix.
  • Prior to the emergence of integrated marketing communications during the 1990s, mass communications—the practice of relaying information to large segments of the population through television, radio, and other media—dominated marketing.
  • the move from a manufacturer-dominated market to a retailer-dominated, consumer-controlled market