A Real Option Perspective for Industrial Enterprises in a Dynamic Environment

Abstract

The study relied on the review of the literature to offer an interesting framework that emphasizes the relationship between real options (ROs), the knowledge-based view (KBV), the resource-based view (RBV), dynamic capabilities (DCs), and strategic flexibility (SF) - management tools that have an important role in an uncertain and rapid changing business environment. The paper proposed a business model perspective that includes elements that conduce to innovative management because are based on flexibility and dynamism The findings are very useful for decision-makers from organizations, researchers, and scholars