Journal of Management Research

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Game Theory in Strategic Analysis


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1 Management Development Institute Gurgaon (Haryana)
     

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Game theory has been recognized as a rigorous and elegant methodology for analysis of rivalry situations. However, its usage as a tool for strategic analysis is little and few applications of it in business practice have been formally studied. The strength of this technique lies in the powerful heuristics that it provides for analysis of complex managerial situations involving dilemmas. This paper attempts to demonstrate the application of game theory in a study of two contemporary Indian joint ventures that had similar starting characteristics but contrasting outcomes.

Keywords

Game Theory, Strategy Analysis, Joint Ventures, Arrow Technique
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Abstract Views: 381

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  • Game Theory in Strategic Analysis

Abstract Views: 381  |  PDF Views: 1

Authors

Anjan Roy
Management Development Institute Gurgaon (Haryana)

Abstract


Game theory has been recognized as a rigorous and elegant methodology for analysis of rivalry situations. However, its usage as a tool for strategic analysis is little and few applications of it in business practice have been formally studied. The strength of this technique lies in the powerful heuristics that it provides for analysis of complex managerial situations involving dilemmas. This paper attempts to demonstrate the application of game theory in a study of two contemporary Indian joint ventures that had similar starting characteristics but contrasting outcomes.

Keywords


Game Theory, Strategy Analysis, Joint Ventures, Arrow Technique

References