Competitive strategy: options and games
Material type: TextPublication details: PHI Learning Pvt. Ltd. New Delhi 2015Description: xxvii, 488 pISBN:- 9788120351011
- 658.4012 CHE
Item type | Current library | Collection | Call number | Copy number | Status | Date due | Barcode | |
---|---|---|---|---|---|---|---|---|
Book | Indian Institute of Management LRC General Stacks | Public Policy & General Management | 658.4012 CHE (Browse shelf(Opens below)) | 1 | Available | 001930 |
Browsing Indian Institute of Management LRC shelves, Shelving location: General Stacks, Collection: Public Policy & General Management Close shelf browser (Hides shelf browser)
658.4012 BRA Strategy beyond the hockey stick: people, probabilities and big moves to beat the odds | 658.4012 BUD Cases in strategic management | 658.4012 CAR Go long: why long-term thinking is your best short-term strategy | 658.4012 CHE Competitive strategy: options and games | 658.4012 CHE Strategic foresight: accelerating technological change | 658.4012 CLE Strategy: theory and practice | 658.4012 COL Corporate strategy: a resource-based approach |
A new paradigm for balancing flexibility and commitment in management strategy through the amalgamation of real options and game theory.
Corporate managers who face both strategic uncertainty and market uncertainty confront a classic trade-off between commitment and flexibility. They can stake a claim by making a large capital investment today, influencing their rivals' behavior, or they can take a “wait and see” approach to avoid adverse market consequences tomorrow. In Competitive Strategy, Benoît Chevalier-Roignant and Lenos Trigeorgis describe an emerging paradigm that can quantify and balance commitment and flexibility, “option games,” by which the decision-making approaches of real options and game theory can be combined.
The authors first discuss prerequisite concepts and tools from basic game theory, industrial organization, and real options analysis, and then present the new approach in discrete time and later in continuous time. Their presentation of continuous-time option games is the first systematic coverage of the topic and fills a significant gap in the existing literature.
Competitive Strategy provides a rigorous yet pragmatic and intuitive approach to strategy formulation. It synthesizes research in the areas of strategy, economics, and finance in a way that is accessible to readers not necessarily expert in the various fields involved.
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