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Capabilities as Real Options


Capabilities as Real Options - Boston University

The ideas of core competence and white spaces share strong parallels with the heuristic application of real option theory to strategy, whereby investments in ...

Capabilities as Real Options | Organization Science - PubsOnLine

A real options approach marries the theory of financial options to foundational ideas in strategy, organizational theory, and complex systems.

(PDF) Capabilities as Real Options - ResearchGate

The theory of real options provides the appropriate heuristic framing of competencies and exploratory search. A real options approach marries ...

Capabilities as Real Options

Capabilities as Real Options. Bruce Kogut and Nalin Kulatilaka (2001). Introduction. Strategizing is the application of heuristic frames to analyze the world ...

Capabilities as Real Options | Organization Science

The theory of real options provides the appropriate heuristic framing of competencies and exploratory search. A real options approach marries the theory of ...

[PDF] Capabilities as Real Options - Semantic Scholar

Strategy research consists of a balance between positive and normative theory. Normative theories suggest particular heuristics, ...

Strategy as a Portfolio of Real Options - Harvard Business Review

Advances in both computing power and our understanding of option pricing over the last 20 years make it feasible now to begin analyzing business strategies as ...

Exploring the link of real options theory with dynamic capabilities ...

This study contributes important empirical evidence to bear on the literature on open innovation theory, dynamic capabilities framework, and.

The real power of real options - McKinsey

Using a real-option strategy provides two benefits. First, these companies leverage their reactive flexibility to make more informed investment ...

Dynamic capability view in terms of real options - ScienceDirect

Our paper focuses on the hard issue of managing and valuating dynamic capabilities when designing the strategic boundaries of the firm.

Resource-Based Theory, Dynamic Capabilities, and Real Options

Real options research has the potential to make a significant difference to our under- standing of resource accumulation and capability-building processes and ...

Building Actionable Resilience: The Real Options Approach

A “real option” is a capability that can be used to respond if the threat of risk or the risk itself occurs, and minimize its impact.

Using real options in strategic decision making

To maximize a firm's value its managers must match internal capabilities to external opportunities. Flexibility in timing of decisions about the firm's ...

A real options approach to managing resources and capabilities

Capability development has parallels with the application of the real options heuristic to strategy (Bowman and Hurry, 1993; Kogut and Kulatilaka, 2001;. Bowman ...

A Real-World Way to Manage Real Options

These projects are thus options—“real” options, as opposed to financial options—in which managers have the right but not the obligation to invest. It's ...

Improving Portfolio Outcomes with Real Options

Specifically, Real Options measures the value creation expected from each PI. The resulting decision-making process enables nimble funding of ...

WHAT IS NOT A REAL OPTION: CONSIDERING BOUNDARIES ...

Capabilities as real options. Organization Science, 12: 744–758. Kulatilaka, N., & Perotti, A. 1998. Strategic growth options. Management Science, 44: 1021 ...

Capabilities, Real Options, and the Resource Allocation Process

We draw on characteristics of capabilities to develop a framework that identifies four components of the returns to an investment that are derived from industry ...

Real Option: Definition, Valuation Methods, and Example

Real options can include opportunities to expand and cease projects. They are referred to as “real” because they usually pertain to tangible assets.

Real Options Theory - Management - Oxford Bibliographies

Real options theory analyzes the value of managerial flexibility to adapt and revise future decisions to capitalize on favorable future investment ...