Real Options and Strategic Technology Venturing: A New Paradigm in Decision Maki
This book seeks to answer "why, when and how are real options used in strategic technology venturing?". This work tests for the role of real options in decision making involving three types of firms in decreasing order of technology-dependence - technology-driven (TD) (where the profit is fully dependent on new technology creation and leveraging), technology-based (TB) (where the profit is enabled and supported by technology) and technology-neutral (TN) (where the profit is almost independent of technology).
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