Examlex
A polycentric staffing approach is effective only for international firms pursuing a transnational strategy and inappropriate for other strategies.
Dominant Strategy
A strategy in game theory that is the best choice for a player, regardless of what the opponents might do.
Prisoners' Dilemma
A concept in game theory where two individuals acting in their own self-interest do not produce the optimal outcome, showcasing the conflict between personal and collective rationality.
Prisoners' Dilemma
A situation in game theory where two individuals acting in their own self-interest pursue a course of action that does not result in the ideal outcome for either party.
Tying
A practice where a seller requires the purchase of additional products or services in order to buy the desired product, often seen as anti-competitive.
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