Lifting the lid on evolutionary game theory and competitive dynamics
Purpose This paper aims to review the latest management developments across the globe and pinpoint practical implications from cutting-edge research and case studies. 10; Design/methodology/approach This briefing is prepared by an independent writer who adds their own impartial comments and places the articles in context. Findings This research paper concentrates on how an evolutionary game framework uncovers the competitive dynamics that high-tech firms experience as they innovate for survival in their risk-filled market. The main findings are that where the late entering agent chooses to pursue an R&D innovation strategy, this becomes the dominant pan-market strategy. Furthermore, when competition between agents intensifies, innovation activity becomes more rapid because the players then apply all their energy into maximizing any form of competitive advantage in a race to avoid elimination from the market. Originality/value The briefing saves busy executives, strategists and researchers hours of reading time by selecting only the very best, most pertinent information and presenting it in a condensed and easy-to-digest format.