For this assignment, you will use an options framework for the emerging technology you chose. The notion of real options pertains to tangible assets, such as capital expenditure, rather than financial instruments. Some examples of real options include the flexibility to defer making a decision; expanding, modifying, or contracting a project; investing in R&D with the intent to create new opportunities; and acquiring new technologies. Therefore, a real option is an actual business outcome that is valued in terms of strategic choices that an organization may gain by making specific decisions.
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