August 2007
Intermediate to advanced
408 pages
11h 53m
English
Content preview from Strategic Risk Taking: A Framework for Risk ManagementBecome an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 8. Real Options
The approaches that we have described in the past three chapters for assessing the effects of risk, for the most part, have focused on the negative effects of risk. Put another way, they have all focused on the downside of risk, and they miss the opportunity component that provides the upside. The real options approach is the only one that gives prominence to the upside potential for risk, based on the argument that uncertainty can sometimes be a source of additional value, especially to those who are poised to take advantage of it.
We begin this chapter by describing in very general terms the argument behind the real options approach, noting its foundations in two elements—the capacity of individuals or entities to learn ...
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I’ve been on the O’Reilly platform for more than eight years. I use a couple of learning platforms, but I'm on O'Reilly more than anybody else. When you're there, you start learning. I'm never disappointed.Amir M.
I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.