Enterprise innovation and real option

被引：0

作者：

Zhang, Xuemei ^{[1
]}

Zeng, Pu ^{[1
]}

机构：

[1] China Univ Geol, Sch Human & Management, Beijing 100083, Peoples R China

来源：

RESEARCH ON ORGANIZATIONAL INNOVATION - 2007 PROCEEDINGS OF INTERNATIONAL CONFERENCE ON ENTERPRISE ENGINEERING AND MANAGEMENT INNOVATION | 2007年

关键词：

innovation; real option; investment risk;

D O I：

暂无

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

This paper views enterprise innovation as largely a process of decision making under uncertainty and incomplete knowledge. Taking value maximization as the primary objective of the innovation decisionmaking process, the paper assumes that portion of the value of enterprise innovation initiative is in the form of real options "on" and "in" projects, which provide manager with valuable flexibility to change plans, as uncertainties are resolved over time. Innovation risk categories and its mapping to innovation options are explored and clearly presented..

引用

页码：22 / 25

页数：4