Strategic Optionality: Introducing the Idea

Surja Datta () and Tobias Kutzewski ()
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Surja Datta: Oxford Brookes University
Tobias Kutzewski: VU Amsterdam

Chapter 4 in Strategic Optionality, 2023, pp 91-108 from Springer

Abstract: Abstract Optionality is the state of having options. It’s a context where you can select from a set of choices without being under any obligation to do so. We usually have a common-sense understanding of the term. Who amongst us hasn’t used the phrase ‘let’s keep our options open’ at least once in their life? Optionality is about options that are available to you. Strategic optionality involves using options in a strategic way, to understand their payoffs, and selectively acting on them. In the same common-sensical way, we know that options are most useful in a context of uncertainty, when the future is uncertain, and you are unsure of the best way forward. We take common-sense as our starting point and delve deeper into the idea here in this chapter.

Date: 2023
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DOI: 10.1007/978-3-031-17354-7_4

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