MATEC Web Conf.
Volume 94, 2017The 4th International Conference on Computing and Solutions in Manufacturing Engineering 2016 – CoSME’16
|Number of page(s)||7|
|Published online||04 January 2017|
A real options and joint ventures perspective for strategic decision-making process in the case of dynamic industrial environments
1 Transilvania University, Department of Engineering and Industrial Management, Mihai Viteazul Street, no. 5, Braşov, România
2 Henri Coandă Air Force Academy, Department of Fundamental Sciences and Management, Mihai Viteazul Street, no. 160, Braşov, România
* Corresponding author: email@example.com
Strategic decision – making process represents a challenge in a dynamic industrial environment. Nowadays, many instruments and techniques are used in the process of decision-making. The perspective regarding real options analysis (ROA), joint ventures (JVs) and strategic decision-making process (SDMP) is very important to be analyzed because it represents a key source to obtain competitive advantage in a turbulent environment characterized by competitiveness, dynamism and a proactive thinking. The aim of the paper is to offer an interesting framework that emphasizes the relationship between real options (ROs), JVs, transaction cost (TC), bargaining models (BM), agency theory (AT) and SDMP. Also, the paper analyzes a real case study and it suggests a business model that includes elements that conduce to an innovative management. The findings are very useful for decision-makers from organizations, researchers and students.
© The Authors, published by EDP Sciences, 2017
This is an Open Access article distributed under the terms of the Creative Commons Attribution License 4.0, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
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