Integrity, Intentions, and Corporations French article
 integrity = particular virtue, not a combination
 ways in which people lack integrity
o moral chameleon:
Anxious to accommodate others. Quick to abandon their own
principles in order to please oth
So hello again.
You ready for more?
In the previous video we've looked at a
very simplified version of the Diamond
Cartel.
We've had South Africa and Australia as
the only two players in this game.
And we said okay, well they repeat to set
prices
So welcome back.
In our first lecture we've learned how to
find optimal decisions in a strategic
game.
These decisions often maximize our own
profits but they harm the competitor at
the same time.
So in this video, I will introduce you to
situati
Welcome to Competitive Strategy from the
Auditorium Maximum of the University of Munich.
Thank you very much for being here.
And I have to say, I'm very excited that
so many of you signed up for this course,
and I really look forward to going
thr
Welcome to the course, and welcome
to the first video.
In this video, we'll learn some of the
basic tools of game theory.
And we'll learn how to use game theory
and to analyze a competitive problem in a
structured way.
Now let's get started with a
So, welcome back.
In today's lecture, we're analyzing under
which circumstances firms can
successfully coordinate their behavior.
And as we've just seen, if games are
played repeatedly, this may help firms to
cooperate.
Another way by which behavi
So hello everybody and welcome to the
second week of Competitive Strategy.
I have to say I'm really happy that so
many of you did last week's quiz, and that
you actively discussed in the forums.
So thanks very much for this and thank
you for stayin
Remember Sensodyne and Colgate?
I hope you do, because they represent
part of what's a very specific type of
game: the Prisoners' Dilemma
and I want to spend some time on this
very special outcome of a game.
So in the toothpaste wars, we have
Sens
So, welcome back.
As we're all familiar with simultaneous
games by now,
in the next couple of videos, we'll
discuss sequential games or dynamic games
as we often call them.
Sequential games are simply put games
with some sort of a time aspect in t
Wow, so again this was lots of stuff to
take in.
But thanks very much for staying on.
This week was all about cooperation.
We discussed why firms cooperate with
each other or put differently, how
cooperation can be achieved in the
market.
We firs
Great to have you here.
As we've learned already, companies are
players.
They're not necessarily happy about the
equilibrium in the prisoner's dilemma.
So in a prisoner's dilemma kind of
situation, they could increase their
joint profits
if they
Right, welcome back.
So, in the last video, we used a game
tree to systematically develop and
approach a competitive situation in which
firms take decisions.
But they don't do it simultaneously, but
they do it one after the other.
In this video, w
Great, so, thanks for staying on.
In this video, we'll draw a slightly more
complex game matrix than the one we did
in the previous video.
And we'll use the concept of dominated
strategies to figure out the best
strategy in a complex competitive
s
So, welcome back.
And since we're now familiar with
complements, what they mean, what they
are and how they interact specifically,
let's now have a look at the specific
firm strategies that relate to
complements.
And we'll start out with the gener
Kyle Genovese
11/03/14
9:30 AM
Nicks Pizza & Pub Case Analysis
Analysis of Problem
With twentysix foot high fireplaces, stuffed bears and moose, huge aquariums, and
reasonably priced pizzas, Nicks Pizza & Pubs had no problem attracting customers.
Before
Business Ethics Reading Notes
Week 6 Moral decision making phase model
Key criticisms of traditional model
 Contrasting ethical perspectives
o When taking multiple different ethical perspectives into
consideration, it is unclear what to do when different
Ethical Decision Making
Week 2
What is legal and what is illegal?
 anti trust
o types of antitrust (vertical and horizontal arrangements to restrain
trade)
o predatory pricing
selling products bellow cost
o tying agreements
saying if you buy X you must
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Pure play method
 Publicly traded companies that only do what the division does
 Way of obtaining Beta
Flotation cost
 Cost paid to issue debt securities
Factors impacting WAAC
 NOT firm controlled
Level of interest rates
Market risk premiums
Tax rate
Kyle Genovese
10/2/14
9: 30 AM
3M Case Analysis
Analysis of Problems:
3M was once considered the most innovative company in the world. Today, 3M
doesnt even crack the top 50 on Boston Consulting Groups list of most innovate
companies. Although innovation
Ethics Reading Notes

Ponzi scheme
o How to detect ponzi scheme: behavioral, organizational, and statistical
inconsistencies
o Madof frequently beat the market at unprecedented rates
How woman stole $53 million
 lack of organizational controls from bank
Ethical Decision Making
Week 4
READ NOTES
Why should we act ethically (Skinner perspective)
 god commands it
 happiness requires it
 acting immorally is irrational
Martin: Why a person might act ethically
 legal reasons: of which there are several dif
Ethical Decision Making
Week 4
READ NOTES
Why should we act ethically (Skinner perspective)
 god commands it
 happiness requires it
 acting immorally is irrational
Martin: Why a person might act ethically
 legal reasons: of which there are several dif
So welcome back from the invideo quiz.
And we just looked at aggressive
commitment as one enabler of cooperation.
Lets now have a look at another type of
commitment we call cooperative or soft
commitment, and see how that can help
cooporation.
So