Chevalier-Roignant, B: Competitive Strategy

Benoit Chevalier-Roignant has been an industry consultant and holds a PhD from WHU in Germany. Lenos Trigeorgis is Professor of Finance in the School of Economics and Management at the University of Cyprus and Visiting Professor of Finance at the London Business School, President of the Real Options Group, and the author of Real Options (MIT Press, 1995), Strategic Investment, and other books.

"The last two decades have brought a trickle of research that addresses some aspect of the dilemma between flexibility and strategic commitment. Benoit Chevalier-Roignant and Lenos Trigeorgis synthesize and consolidate much of this literature and skillfully extend it. With its excellent exposition and focus on applications to industrial organization and business, this book can serve generations of researchers as a hypermarket for one-stop intellectual shopping." -- Avinash Dixit, John S. F. Sherrerd '52 University Professor of Economics Emeritus, Princeton University " Competitive Strategy provides a masterful treatment of the use of options and game theory in the analysis of fundamental strategy problems such as capacity expansion, pre-emption, first vs. late mover positioning, etc. Flexibility and commitment are essential characteristics of any competitive strategy and Trigeorgis and Chevalier-Roignant give us a most insightful and practical set of models and tools. This is a must read book for any strategy scholar and decision maker." -- Karel Cool, Professor of Strategic Management and BP Chaired Professor of European Competitiveness, INSEAD, France " Competitive Strategy provides a powerful synthesis of modern finance and corporate strategy. Today we can anticipate innovation in strategic advice and its implementation. Who better to prepare us for it than Lenos Trigeorgis, with his experiences as serious academic researcher, skilled consultant and seasoned teacher, and Benoit Chevalier-Roignant with the fresh, innovative mind of a young scholar? Their carefully developed exposition exemplifies the power of real options and games to clarify and quantify the strategic decision-making of the firm. The authors skillfully transform the art of strategy into 'strategic science'." -- Robert C. Merton, Nobel Laureate in Economic Sciences "This book unifies two major strands of economic theory -- real options and games -- into a single, coherent framework, and then shows