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Game TheoryManagement > Crisis Management > Lectures > Independent Research > Game Theory > Nash equilibrium > Business Nash Equilibrium > Strictly dominant strategies > SDS for companies
SDS for companiesWith regards to SDS in corporate crises, managers tend to stick to what they know. Pre-crisis this means not investing in appropriate CM projects, as this would disturb the Nash equilibrium. During a crisis, in the attempt to seek certainty, managers dearly hold on to various standard operating procedures (SOPs), even if they are clearly defective (this is similar to losing a set of keys and repeatedly looking in the one place you usually leave them, even though you know they are not there - you are sort of hoping that they will just magically appear!). This managerial attitude is related to the umbrella syndrome, where managers will deliberately not look outside their roles during a crisis, either to save themselves or just to avoid the problem, which can worsen the situation.
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