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If the firms, chipco and dramco, represented by the payoff matrix decided to collude to reach a common strategy, which strategy would they jointly pursue?

Respuesta :

Chipco and Dramco will jointly pursue a National strategy.

What is National strategy?

  • National Strategies or Activity Plans are strategic plans developed by governments to steer action, and typically resource allocation, over a predetermined time period and toward the achievement of a policy objective.
  • The art and science of building and employing a nation's diplomatic, economic, and informational powers, in conjunction with its armed forces, to secure national objectives during peace and conflict.
  • Also known as a grand strategy or national security strategy.
  • Strategic planning is crucial because it challenges government bureaucracy to think creatively about how the world works and what the nation is capable of doing.
  • Strategic planning provides leaders with the opportunity to establish priorities and align varied talents to broad goals.

Therefore, Chipco and Dramco will jointly pursue a National strategy.

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