The real-options approach used by Chevron for bidding on petroleum reserves improves organizational performance.

Name: The real-options approach used by Chevron for bidding on petroleum reserves improves organizational performance.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The real-options approach allows Chevron to make more informed investment decisions by considering the value of flexibility and the ability to adjust strategies based on changing market conditions. This can ultimately lead to better performance for the organization.

The Real-Options Approach Used by Chevron for Bidding on Petroleum