Incumbent Firm

Question 1

In the text, we consider a sequential-move game in which an entrant was considering entering an industry in competition with an incumbent firm (See Figure 15-1). Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a loss of 1 for the entrant and a gain of 8 for the incumbent), or staying at a loss of 5 for each player). What is the equilibrium of this game? Discuss if the entrant is better off with or without the ability to withdraw.

Be sure to cite all source used.PLEASE DO NOT RELY ON WIKIPEDIA, INVESTOPEDIA OR ANY OTHER PEDIA AS A REFERENCE AT ANYTIME

Question 2

Chapter 3 discusses various aspects of strategic planning, including the mission statement of the organization. What are the dangers of having a flawed mission statement? How does a flawed statement affect the development of a unit’s mission statement and subsequent individual job descriptions and goals? Why?

* Be sure to support your statements with logic and argument.

* citing any sources referenced and cite inside the text.

* APA style academic

* 4-6 paragraphs include ( introduction- body – conclusion ).