ENGLISH

Options in Alliances: Valuing Flexibility in Inter-Firm Collaborations

By Francesco Baldi (auth.)

Book information

Publisher
Springer-Verlag Mailand
Year
2013
ISBN
978-88-470-2849-4, 978-88-470-2850-0
DOI
10.1007/978-88-470-2850-0
Language
english
Format
PDF
Filesize
860 kB (880342 bytes)
Series
SpringerBriefs in Business
Edition
1
Pages
79\78
Orientation
yes
Scanned
yes
Time added
2013-08-01 04:00:00
Business Strategy/Leadership; Finance/Investment/B

Description

The real options-based conceptual framework for alliance-making presented here responds to the challenge of developing a new metrics for managing strategic partnerships in the face of uncertainty. Such a framework involves: mapping (and selecting one of) the various staged paths envisioned for the start-up and development of the alliance in terms of strategic options exercisable over the lifetime of the cooperative venture; assessing the incremental, synergistic value of those options (if exercised on the net, tangible and intangible, assets of the venture); anticipating the potential impact of risks on the success/failure of the venture and associated synergistic value erosion; defining the optimal option map for implementing the strategic alliance via potential, successive adjustments to the initial strategy (information loop is closed).

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