Strategy as a Portfolio of Real Options

Strategy as a Portfolio of Real Options - Harvard Business Review

Strategy as a Portfolio of Real Options · Option Space Is Defined by Two Option-Value Metrics · Dividing Option Space into Regions · The Tomato Garden · Vital ...

To consider strategies as portfolios of related real options, this article exploits a framework presented in “Investment. Opportunities as Real Options: Getting ...

Strategy as a Portfolio of Real Options - Harvard Business Review

He is the author of “What's It Worth? A General Manager's Guide to Valuation” (HBR May–June 1997) and “Investment Opportunities as Real Options: Getting Started ...

Strategy as a Portfolio of Real Options - Article - Faculty & Research

Citation. Luehrman, Timothy A. "Strategy as a Portfolio of Real Options." Harvard Business Review 76, no. 5 (September–October 1998): 87–99.

Reading notes: Strategy as a portfolio of real options - Bruno Pešec

A gardening metaphor: Options as tomatoes. Luehrman introduces tomato garden as his overarching metaphor, where tomatoes represent options, and ...

(PDF) Strategy As a Portfolio of Options | mahdi shafiei ghasemi

ABSTRACT This article presents a value-based strategic planning framework suitable for valuing and managing portfolios of corporate real options. The proposed ...

Luehrman, TA 1998. Strategy as a portfolio of real options. Harvard ...

Luehrman suggests that a company can more effectively execute their strategies through active management of these options by evaluating them not only on the ...

Strategy as a portfolio of real options - PubMed

In financial terms, a business strategy is much more like a series of options than like a single projected cash flow. Executing a strategy almost always ...

MANAGING A PORTFOLIO OF REAL OPTIONS

To the extent that strategic management literature has addressed issues related to real options portfolios, two aspects have emerged: interactions among ...

Real options theory in strategic management

Panel B particularly focuses on four complications that deserve further attention and extensions in the literature: (1) portfolios of options ...

Improving Portfolio Outcomes with Real Options

Because traditional valuation tools such as NPV ignore the value of flexibility, real options are important in strategic and financial analysis.

Strategic planning: valuing and managing portfolios of real options

The real options approach can quantify the value of flexible strategies or development trajectories. It views investments in resources and ...

Investment strategies as a portfolio of real options for distribution ...

In the process of risk investment decision-making, real option which is one of the key issues in the research of finance engineering is very important to ...

The real power of real options - McKinsey

Real-options strategies promote strategic leverage, encouraging managers to exploit situations in which incremental investment can keep their ...

PART II: ADVANCES IN REAL OPTIONS RESEARCH IN STRATEGY

Next, we look at recent extensions of real options theory of investment by considering options portfolios, competitive dynamics, and endogenous uncertainty and ...

(PDF) Real Options in Strategic Management - ResearchGate

Real options theory begins by drawing an analogy between real options and financial options. A financial option is a derivative security ...

Portfolios of Real Options - Book - SpringerLink

Portfolios of real options typically interact such that the value of the whole differs from the sum of the separate parts. Thus one must address and value the ...

Real Option: Definition, Valuation Methods, and Example

Real options are choices that a company's management gives itself the option to make, in order to expand, change, or curtail projects based on changing economic ...

REAL OPTIONS IN STRATEGY AND FINANCE - jstor

theory's predictions. This concern is magnified by the earlier observa- tion that a firm might hold complex portfolios of real options and that ...

Real Option as a Potential Link between Financial and Strategic ...

During the practical analysis of strategic investments, the results of strategic and financial analysis should be reconciled. The point is how the real option ...