Italian Strategy
A good way for Italy to 'win' is to not Join the Axis. Italy should just conquer, conquer, conquer (IN MP mind you) with out joining the AXIS...get all the resources/ICs etc and stretched out the Italian Empire.
If you get DOW'd by SU or the Allies, immediately join the Axis.
The basic premise for this strategy is to keep out of the greater war while adding to the Empire...If germany needs help or you need help..you can give each other Exp Forces.
Though the counter to this Strategy is that the Allies have to DOW GERMANY and ITALY and JAPAN seperately (yes this can be used for Japan too)...but that will be a 120 DISSENT HIT TOTAL...........
or a 30 DISSENT HIT FOR SU....
So once Italy has conquered enuff of the world..... both Japan and Italy can join the Axis..with an immediate increase of VPs.....for the Axis powers...