Strategic Commitment To The Development Of Quantitative Research

With the development of China’s market economy, the market is becoming more and more competitive, the competitive environment is always changing, the enterprises have to adjust their strategies to adapt to the development and changes of competitiveness. In the process of enterprise strategy, the use of strategic commitment becomes more common. The enterprises effectively communicate strategic objectives through public or private commitment. With the implementation of the commitments, the enterprises have achieved their strategic objectives when they realize the commitments. They use the implement of enterprise strategy to stand for commitment. In enterprise strategic commitment, to understand the effects of strategic commitments is better for making choices. The commitment value and the degree of commitment quantitative analysis can better help enterprise develop strategic commitment.This paper bases on commitment decision analysis framework, uses Option Game Analysis method to quantify strategic commitment. Firstly, the paper expounds the concept of strategic commitments, character and commitment type, to understand that strategic commitment is related to the strategic objectives, and use for the realization of enterprise strategic targets. Then, the paper uses a discrete-time model to analyze the compose of strategic commitment,puts forward in different commitments attitude and possible reaction combinations competitors when employing different strategies, and analyses the commitment value under different combination strategies. The paper uses real options theory to quantify the degree of strategic commitment to the exclusive investment opportunities, points out that the strategic level of commitment to the value of the options as held in the case of exclusive investment opportunities. The continuous-time model to quantify the degree of commitment on the incompletely competition symmetrical corporate strategy, also the paper points out that early promise behavior to reduce investment threshold and obtain the excess returns. The paper establishes discrete time model and continuous time through qualitative and quantitative analysis of strategic commitments, analyses the composition of strategic commitment value and the degree of commitment. According to the analysis of strategic commitments, the paper points out that considering to their own resources and external environment to making strategic commitment to promote the realization of the corporate strategic objectives, to promote long-term development of the enterprises.