Game-Theoretic Principles of Decision Management Modeling Under the Coopetition

Heiets, Iryna; Oleshko, Tamara; Leshchinsky, Oleg

doi:10.1142/s0219198920500103

Cited by 6 publications

(10 citation statements)

References 9 publications

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“…In this regard, Le Roy et al ( 2018 ) contend that, together with network theory, resource-based theory, and capabilities-based theory, game theory contributes to an optimistic perspective or view of competition. In fact, one of the core postulates of game theory is that the best partner in a business is a competitor, which implies that both collaboration and competition with such a partner provide a suitable positive-sum game (Heiets et al 2021 ).…”

Section: Research Agendamentioning

confidence: 99%

Open innovation: status quo and quo vadis - an analysis of a research field

2023

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Open innovation is now a widely used concept in academia, industry, and policy-making. According to the recent report “The Open Innovation Barometer”, released by the Economist, 90% of organizations have either adopted or are planning to implement key open innovation practices by opening up their organizational boundaries to collaborative innovation in the next three years (The Economist Group 2022). However, the social and economic changes imposed by the emerging processes of transition towards a more digital and sustainable society raise questions on how the open innovation field of studies is evolving to meet new, emerging needs. By combining bibliometric techniques and content analysis, this study illustrates how this research community has evolved in the last 12 years. More specifically, this study provides a descriptive analysis of the literature on open innovation, defines its knowledge structure, and illustrates a representative picture of the theoretical landscape. Our analysis shows that attempts to consolidate established topics and theoretical approaches in this field of studies go hand in hand with the emergence of new conversations about unexplored dimensions of open innovation. We conclude this article by outlining some avenues for future research on how to conceptualize, theorize, and research (methods and analytical techniques) open innovation.

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Section: Research Agendamentioning

confidence: 99%

Open innovation: status quo and quo vadis - an analysis of a research field

2023

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“…Just like game theory, coopetition is a process requiring continuous decisions which lead to mutual transformation (Zhao et al, 2015). In coopetition, game theory suggests that the best business partner is a competitor, who both collaborates and competes to provide a suitable win-win strategy by pursuing new markets, despite imperfect information (Feng, 2018;Heiets et al, 2021;Ozkan-Canbolat et al, 2016). The theory demonstrates how competition and cooperation are aligned to jointly create advantages which an individual firm would ordinarily not achieve.…”

Section: Game Theorymentioning

confidence: 99%

“…These results support existing literature on competition in terms of the possibility of reduced profitability due to new agile entrants with different capabilities and service offerings. The literature shows that competition leads to a win lose situation as explained in the prisoner's dilemma which posits a win-lose situation for players (Heiets et al, 2021). Competition has advantages.…”

Section: H2 -A Positive Relationship Exists Between Cooperation and F...mentioning

confidence: 99%

“…The findings lend support to game theory which posits that players' choices are interdependent and directly affect the payoffs of others in inter-relationships (Carfi & Okura, 2014). Game theory also suggests that the best business partner is a competitor, who both collaborates and competes to provide a suitable win-win strategy by pursuing new markets (Feng, 2018;Heiets et al, 2021;Ozkan-Canbolat et al, 2016).…”

Section: H2 -A Positive Relationship Exists Between Cooperation and F...mentioning

confidence: 99%

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Exploring the Effects of Inter-Firm Coopetition on Firm Performance

2023

EJBM

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This purpose of this paper is to explain the mediating role of inter-firm coopetition in the relationships between competition and firm performance, and cooperation and firm performance. Studies on the effects of coopetitive relationships have mainly been based on developed economies, with a few focusing on developing economies.Further, the paper provides an assessment of how inter-firm coopetition affects performance in the context of developing countries, specifically, the emerging coopetitive relationships among the digital financial services providers (DFSPs) in Zambia. The financial services industry is undergoing rapid digitalisation and industry convergence. These developments have caused the entry of non-traditional financial services providers including mobile network operators and FinTechs. These are threatening the survival of traditional commercial banks through intensified competition in providing digital financial products. The intense competition has changed the business models of the digital financial services providers. Instead of competition, they now engage in nonconventional relationships which involve both competition and cooperation. Game theory's stag-hare hunt was used to understand how the DFSPs engage in simultaneous competition and cooperation. The study employed a mixed method design to assess the effect of joint decisions and actions on market performance and financial performance. Purposive sampling was used in identifying the sample. 32 respondents were surveyed and 6 key informants were interviewed. Quantitative and qualitative data were collected from a sample of 14 digital financial services providers (DFSPs) in Zambia. Quantitative data were analysed using SPSS PROCESS, and qualitative data used Nvivo 12. The findings reveal that inter-firm coopetition mediates the relationships between competition and firm performance, and between cooperation and firm performance. Firm performance is significantly associated with inter-firm coopetition (β = .570; t-value = 3.862; Sig <.002). The key informants from the interviews, all confirmed the quantitative findings on inter-firm coopetition as a mediator in firm performance. The simultaneous combination of competition and cooperation improved both the market and

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“…Game theory is a mathematical approach to model the decision-making process in cooperative or conflicting situations (Karabiyik et al, 2020;Lucas, 1972). It assumes that a competitor can be the best partner in a competitive market environment (Heiets et al, 2021). There are two types of game theory for decision-making: cooperative and non-cooperative games (Mirzaei-Nodoushan et al, 2022).…”

Section: Introductionmentioning

confidence: 99%

The Role of Coopetition in Fostering Innovation and Growth in New Technology-based Firms: A Game Theory Approach

Salamzadeh,

Dana,

Rastgoo

et al. 2024

BAR, Braz. Adm. Rev.

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BAR maintains the practice of submitting all documents received to the plagiarism check, using specific tools, e.g.: iThenticate.Peer review: is responsible for acknowledging an article's potential contribution to the frontiers of scholarly knowledge on business or public administration. The authors are the ultimate responsible for the consistency of the theoretical references, the accurate report of empirical data, the personal perspectives, and the use of copyrighted material. This content was evaluated using the double-blind peer review process. The disclosure of the reviewers' information on the first page is made only after concluding the evaluation process, and with the voluntary consent of the respective reviewers.

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Game-Theoretic Principles of Decision Management Modeling Under the Coopetition

Cited by 6 publications

References 9 publications

Open innovation: status quo and quo vadis - an analysis of a research field

Open innovation: status quo and quo vadis - an analysis of a research field

Exploring the Effects of Inter-Firm Coopetition on Firm Performance

The Role of Coopetition in Fostering Innovation and Growth in New Technology-based Firms: A Game Theory Approach

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