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Strategy as Options on the Future-the Environment Catalysis Dimension

Hulteberg, Christian LU and Eriksson, M (2006) In The Social Sciences 1(4). p.318-322
Abstract
Since it is difficult to predict the future using the concept of strategy as options on the future introduced by Peter J. Williamson is a way of circumventing this insecurity. This study further develops this theory by introducing a process or framework for choosing the options based on scenario analysis. By using scenario analysis small glimpses of possible futures can be seen and by selecting options present in two or more scenarios significantly increase the probability of option realisation. The study also contains a discussion on how frequent new options should be added to the options portfolio and how this frequency should be decided upon. Finally the possibility to increase the probabilities of the options by adding a dimension, the... (More)
Since it is difficult to predict the future using the concept of strategy as options on the future introduced by Peter J. Williamson is a way of circumventing this insecurity. This study further develops this theory by introducing a process or framework for choosing the options based on scenario analysis. By using scenario analysis small glimpses of possible futures can be seen and by selecting options present in two or more scenarios significantly increase the probability of option realisation. The study also contains a discussion on how frequent new options should be added to the options portfolio and how this frequency should be decided upon. Finally the possibility to increase the probabilities of the options by adding a dimension, the environment catalysis dimension, to the model suggested by Williamson is presented. (Less)
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author
and
organization
publishing date
type
Contribution to journal
publication status
published
subject
in
The Social Sciences
volume
1
issue
4
pages
318 - 322
publisher
Medwell Journals
ISSN
1818-5800
language
English
LU publication?
yes
id
1a00c7ab-bee3-4f67-88e9-58af3eb1e36d (old id 3917401)
date added to LUP
2016-04-01 16:47:33
date last changed
2018-11-21 20:44:15
@article{1a00c7ab-bee3-4f67-88e9-58af3eb1e36d,
  abstract     = {Since it is difficult to predict the future using the concept of strategy as options on the future introduced by Peter J. Williamson is a way of circumventing this insecurity. This study further develops this theory by introducing a process or framework for choosing the options based on scenario analysis. By using scenario analysis small glimpses of possible futures can be seen and by selecting options present in two or more scenarios significantly increase the probability of option realisation. The study also contains a discussion on how frequent new options should be added to the options portfolio and how this frequency should be decided upon. Finally the possibility to increase the probabilities of the options by adding a dimension, the environment catalysis dimension, to the model suggested by Williamson is presented.},
  author       = {Hulteberg, Christian and Eriksson, M},
  issn         = {1818-5800},
  language     = {eng},
  number       = {4},
  pages        = {318--322},
  publisher    = {Medwell Journals},
  series       = {The Social Sciences},
  title        = {Strategy as Options on the Future-the Environment Catalysis Dimension},
  volume       = {1},
  year         = {2006},
}