Academy of Management Review Vol. 33 No. 3 2008
An Attention-Based View of Real Options Reasoning
Abstract
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.
- DOI
- 10.5465/amr.2008.32465698
- Volume
- 33
- Issue
- 3
- Pages
- 606-628
- Language
- en
- Sources
- ris:amr.ris crossref openalex