Consistent with a real options perspective, firms in new and uncertain environments are likely to

Question

Quizplus · Accepted Answer

According to the real options perspective, firms in new and uncertain environments are likely to adopt a flexible and adaptable approach to strategic decision making. This means that they are more likely to develop numerous strategic alliances rather than relying on a single fixed strategy. Strategic alliances allow firms to share risk and resources, learn from partners, and gain access to new markets and technologies. By developing multiple alliances, firms can spread their bets and increase their chances of success in uncertain environments. Therefore, option B is the best choice.

Consistent with a Real Options Perspective, Firms in New and Uncertain