An attention-based view of real options reasoning

Barnett, Michael L. (2008) An attention-based view of real options reasoning. Academy of Management Review, 33 (3). pp. 606-628.


Real options reasoning assumes timely and effective managerial decision making yet does not address managers' ability to provide it. An attention-based view describes managerial behavior under varying structural conditions. I examine real options reasoning from an attention-based view. I develop several testable propositions regarding the effects of a firm's particular concrete and contextual attention structures on the ways in which its managers notice, champion, acquire, maintain, exercise, and abandon the various real options within its portfolio. I conclude with implications for future empirical research on real options reasoning.

Item Type: Article
Keywords: decision making; agency theory; megaproject management; behavioural economics; organizational structure
Date Deposited: 11 Oct 2011 07:46
Last Modified: 20 Aug 2015 07:51

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