An Attention-Based View of Real Options Reasoning
Michael L. Barnett
Rutgers Business School, Newark & New Brunswick
Academy of Management Review, Forthcoming
Real options reasoning assumes timely and effective managerial decision-making yet does not address managers' ability to provide it. An attention-based view describes managerial behavior under varying structural conditions. I examine real options reasoning from an attention-based view. I develop several testable propositions regarding the effects of a firm's particular concrete and contextual attention structures on the ways in which its managers notice, champion, acquire, maintain, exercise, and abandon the various real options within its portfolio. I conclude with implications for future empirical research on real options reasoning.
Number of Pages in PDF File: 54
Keywords: real options reasoning, attention-based view, decision-making under uncertainty, strategic management
JEL Classification: D21, D81, D92, O31Accepted Paper Series
Date posted: September 11, 2007
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