In the game theory, it is assumed that there are several players who are rational. They are interested in their gain in the entire process and the choices they make are geared towards their self-fulfillment. The classical example of the game theory is the prisoner’s dilemma. Two prisoners are held by security officials for a serious crime. There is no judicial evidence. Their conviction is based on both or either of the prisoners confessing to the crime. If one confesses, he gets immunity from prosecution while the other prisoner is jailed for a long time. If they both confess, they ...
Essays on Internet Provider
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Problem Statement In 2012 Netflix was challenged to change its strategy, because it registered severe drop in its total revenues, market share and rates, risking continuous depreciation and increased subscription cancellations.
Alternatives - Develop strategic partnerships with production studios for obtaining exclusive streaming rights; - Developing strategic partnerships with internet providers for proposing an add-on to the internet service for the provider’s internet users simultaneously in United States, United Kingdom and Ireland.
The recommended strategy is to close deals with internet providers, as it would have been easy to be implemented, implying limited budgets rapid ...