Game Theory Explained Simply: How Two Coffee Shops Reveal the Secrets of Smart Business Strategy

Описание: Ever wondered how smart companies predict their competitors’ next move?

In this episode of MBA Case Study Insights, we simplify Game Theory in Business Strategy through the story of two coffee shops locked in a pricing war.

You’ll see how every business decision triggers a reaction — and why success depends on thinking ahead, not just acting fast.

🎓 Learn how Game Theory, a core concept taught at Harvard Business School (HBS), helps entrepreneurs, founders, and professionals make smarter strategic choices.

Jørgen Vig Knudstorp is a 35-year-old CEO who transformed LEGO from a collapsing icon into the world’s most profitable toy brand.

In this video, you’ll discover:

1. What Game Theory means in business

2. How predicting competitor behavior shapes your success

3. Why price wars destroy value — and how to avoid them

4. How focus, efficiency, and customer insight lead to long-term advantage

💡 Whether you’re a business student, startup founder, or strategist, this simple story will teach you how to think like an MBA — and win in the real world.

🔔 Subscribe for more storytelling case studies, business strategy insights, and MBA-style lessons made simple.

🎬 Chapters:
0:00 – Introduction
0:40 – The Coffee Shop Rivalry
2:00 – Price Wars Begin
3:30 – What is Game Theory?
5:00 – The Smart Strategy Shift
6:30 – Lessons from Game Theory
8:00 – Final Takeaway

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