How game theory can save Woolworths: Part II

This column is part two in a series discussing game theory and how it could aid Woolworths’ turnaround strategy for its supermarket business. Click here to read part one in this series. Brad Banducci and the board of directors at Woolworths may very well be facing a Sisyphean task in rebuilding Woolworths’ supermarkets. Let me explain using economics. In 2001, when Aldi opened their first store in Australia, then CEO of Woolworths, Roger Corbett, and his executive team were not overly conce

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