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ERIC Number: EJ1054747
Record Type: Journal
Publication Date: 2015
Pages: 5
Abstractor: As Provided
Reference Count: 37
ISBN: N/A
ISSN: ISSN-0883-2323
Bringing Reality to "Real Options": An Experiential Exercise
Turner, Craig; Turner, Kyle Dean
Journal of Education for Business, v90 n3 p164-168 2015
Issues surrounding the contextual environment in which strategic decisions are made are difficult concepts to grasp, particularly for undergraduate students with little business experience. They are also problematic for graduate students that have not been called on to make such decisions within their career. The authors propose an exercise that blends many elements of decision making under uncertainty and risk. Students are placed in an environment in which their own choice may differ from that of the team, but in which the team's performance will have explicit implications on their individual performance and rewards. The exercise incorporates team dynamics and problem-solving capabilities in a temporally and competitively constrained environment.
Routledge. Available from: Taylor & Francis, Ltd. 325 Chestnut Street Suite 800, Philadelphia, PA 19106. Tel: 800-354-1420; Fax: 215-625-2940; Web site: http://www.tandf.co.uk/journals
Publication Type: Journal Articles; Tests/Questionnaires; Reports - Descriptive
Education Level: Higher Education; Postsecondary Education
Audience: N/A
Language: English
Sponsor: N/A
Authoring Institution: N/A