The Problem of Cooperation Patterns of choice represent decisions by players to compete, cooperate, or renege on a cooperative agreement. Insert the prisoner’s dilemma, but lucky for you, this isn’t a blog about economics so I’ll spare you the nitty gritty details of game strategy. However, it is still important to understand the types ofContinue reading “Ch. 9: Tacit Collusion – Cooperation to Reduce Competition”
Category Archives: Part II
Ch. 8: Flexibility – Real Options Analysis Under Risk and Uncertainty
Defining Flexibility and Options Face masks but make it fashion, right? I mean who would’ve ever thought we would live in a world where runway models are sporting personal protective equipment. As it turns out, surgical face masks are no longer just for nurses and doctors. In the midst of the historical COVID-19 pandemic, safer-at-homeContinue reading “Ch. 8: Flexibility – Real Options Analysis Under Risk and Uncertainty”
Ch. 7: Product Differentiation
Defining Product Differentiation Our Chapter 7 discussion will cover product differentiation and how it can set a company apart. For Nordstrom, product differentiation is critical to the brand’s image. But what is it exactly? Product differentiation is defined as a business strategy whereby firms attempt to gain a competitive advantage by increasing the willingness ofContinue reading “Ch. 7: Product Differentiation”
Ch. 6: Cost Leadership
It’s finally time for the first post of Part II as we continue to study Nordstrom, Inc. and what sets it a part from other companies in the retail industry. In Part II, our studies of Nordstrom will shift from the logic of strategic analysis as studied in Part I to a more precise focusContinue reading “Ch. 6: Cost Leadership”
Styled Strategy 