A researcher wants to study an organization that strives at achieving the best outcome and ensures that the outcome is stable. In this case, the organization has developed the concept of __________.
A)D'Aveni's hypercompetition
B)infinitely repeated game
C)strategic canvas
D)Nash equilibrium

Question

Quizplus · Accepted Answer

Nash equilibrium refers to a situation in a game where each player is making the best decision they can, taking into account the decisions of the others, and no player can benefit by changing their strategy while the others keep theirs unchanged. This concept aligns with the organization's goal of achieving the best and stable outcome, as it implies a balance where the strategy chosen is optimal given the strategies of others.

A Researcher Wants to Study an Organization That Strives at Achieving