During the observation, identify internal and external interactions of the organization

Locate Group Problem G15-1: Strategic Game at the end of Chapter 15 in Managerial Economics: A Problem Solving Approach.

Spend 2 or 3 hours observing the organization in which you are employed. During the observation, identify internal and external interactions of the organization. You can talk to stakeholders who might have information relating to external interactions in order to gather necessary information. Use the observation information to complete all parts of the question presented in the problem. Your response should be 500-750 words. Please include the diagram required in the problem.

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G151 StrategicGameDescribe

Someinteractionyourcompanyhaswithanotherentity(firmsproducingcomplementaryorsubstituteproducts,upstreamsuppliers,or downstreamcustomers),orbetweeninternaldivisionswithinyourfirmthatcanbedescribedasa sequentialorsimultaneousgame.Diagramthestrategies,players,andcomputepayoffsasbestyoucan.ComputetheNash equilibria.Whatcanyoudotochangetherulesofthegametoyouradvantage?Computetheprofitconsequencesofyouradvice.

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