Journal of Management Research

Open Access Open Access  Restricted Access Subscription Access
Open Access Open Access Open Access  Restricted Access Restricted Access Subscription Access

Game Theory in Strategic Analysis


Affiliations
1 Management Development Institute Gurgaon (Haryana)
     

   Subscribe/Renew Journal


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
User
Notifications

  • Beamish P W. (1988), Multinational Joint Ventures in Developing Countries, John Wiley and Sons.

  • Bettis, R. A. (1991), Strategic Management and the Straightjacket: An Editorial Essay, Organization Science 2(3).

  • Bowen, H. P. and Wiersma, M. F. (1999), Matching Method to Paradigm in Strategy Research: Limitations of Cross-Sectional Analysis and Some Methodological Alternatives, Strategic Management Journal 20.

  • Brandenburger, A. M. and Nalebuff, B. J. (1995), The Right Game: Use the Game Theory to Shape Strategy, Harvard Business Review, July-August.

  • Brickley. J S. and Clifford, Z J. (2000), An Introduction to Game Theory and Business Strategy, Journal of Applied Corporate Finance 13(2).

  • Business India (1997), 'Streets Ahead' , Dec 29.

  • Business Today (1999), 'Can Hero Honda Stay Ahead of Honda?' June 22.

  • Business World (1998), 'LML: Singhania moves in for the kill' , 7-21 August.

  • Business World (1999), 'Honda' s Solo Ride' , 23 August.

  • Cantwell J.A and Dunning, J.H (1984), cited in Paul.W. Beamish, Multinational Joint Ventures in Developing Countries, John Wiley and Sons.

  • Capital Markets (1997), 'Hero Honda Motors: Speed Breakers Ahead?' , June 16-29.

  • Dalal Street Journal (1995), 'Hero Honda: Revving up for the future' , May 29-June 11.

  • Furrer, O and Thomas, H. (2000), The Rivalry Matrix: Understanding Rivalry and Competitive Dynamics, European Management Journal 18(6).

  • Ghoshal, S, Piramal, G and Budhiraja, S (2000), World Class in India, Penguin, New Delhi

  • Hambrick, D. C. (1990), The Adolescence of Strategic Management, 1980-1985: Critical Perceptions and Reality, in Frederickson, J. (ed), Perspectives on Strategic Management, Cambridge, Ballinger., MA.

  • Hatfield, L and Pearce II, J A. (1994), Goal Achievement and Satisfaction of Joint Venture Partners, Journal of Business Venturing 9(5).

  • Killing, J.P. (1983), cited in Paul. W. Beamish, Multinational Joint Ventures in Developing Countries, John Wiley and Sons.

  • Nti, K and Kumar, R (1998), Differential Learning and Interactions in Alliance Dynamics: A process and Outcome Discrepancy Model, Organization Science 9 (3).

  • Parkhe, A (1993), Strategic Alliance Structuring: A Game Theoretic and Transaction Cost Examination of Interfirm Cooperation, Academy of Management Journal 36(4).

  • Prahalad, C. K. and Hamel, G (1994), Strategy as a Field of Study: Why Search for a New Paradigm?, Strategic Management Journal 15.

  • Robertson, T. S; Gatignon, H and Fein, A. (1998), Technology Development Mode: A Transaction Cost Conceptualization, Strategic Management Journal 19.

  • Saloner, G (1991), Modeling, Game Theory and Strategic Management, Strategic Management Journal 12.

  • Schaan J. L. (1983), cited in Paul.W. Beamish, Multinational Joint Ventures in Developing Countries, John Wiley and Sons.

  • Sirisha, D (2002), The LML-Piaggio Breakup: Case Folio, Icfaian Center for Management Research, Chennai.

  • Tomlinson ,J W C. (1970), cited in Paul.W. Beamish, Multinational Joint Ventures in Developing Countries, John Wiley and Sons.

  • Williamson, O. E (1983), Markets and Hierarchies: Analysis and Antitrust Implications, Free Press, NY.

  • Wong, K-y and Leung, W-f (2000), International Joint Ventures, Moral Hazards and Technology Spillovers, Workshop on International Economics and Asia, July 19-21, City University, Hong Kong


Abstract Views: 366

PDF Views: 1




  • Game Theory in Strategic Analysis

Abstract Views: 366  |  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