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Game theory for startup decisions
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Module 4
Making Your Strategy Credible: Commitment
1
Actions vs. Commitments
Distinguish between a simple action and a strategic commitment.
2
The Strategic Advantage of Irreversible Investments
Explain why irreversible investments ('burning bridges') can be a strategic advantage.
3
Evaluating Competitor Threats and Promises
Assess the credibility of a competitor's threat or promise.
4
Making Commitments Credible
Identify methods to make your business commitments credible (e.g., contracts, public announcements, investments).
5
The Power of Commitment Strategies
Analyze the strategic value of limiting your own future options to influence others.
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Market Entry and Positioning
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Investment, Capacity, and Product Line Decisions