Traditional approaches to competitive strategy tend to ignore the concept of interdependence, yet the real business world is full of examples of how organisations take into account the likely reaction of their competitors as they formulate their strategy. Strategic interdependence implies the recognition that actions will trigger reactions. Game theoretic perspectives in Economics are well positioned to provide insight into strategic interdependence. 

During this sampler lecture, Mr. Duran explained intuitive insights of the Game Theory, the Economics discipline, Porter’s 5 Forces analysis along with few practical applications to the real world, such as bottled water vs soft drinks and also McCafe vs Starbucks.