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Options in Alliances

Valuing Flexibility in Inter-Firm Collaborations

  • Book
  • © 2013

Overview

Authors:
  1. Francesco Baldi

    1. Department of Business and Management, LUISS Guido Carli University, Rome, Italy

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  • A unified theoretical framework: real options theory
  • Answers to key research challenges in the field of strategic management
  • Two illustrative, in-depth case studies
  • Includes supplementary material: sn.pub/extras

Part of the book series: SpringerBriefs in Business (BRIEFSBUSINESS)

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Table of contents (8 chapters)

  1. Front Matter

    Pages i-vi
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  2. A Real Options-Based Analysis of Synergies Created via Strategic Alliances

    1. Front Matter

      Pages 1-1
      Download chapter PDF

    2. Introduction

      • Francesco Baldi
      Pages 3-19

    3. Managing Strategic Alliances in Good and Bad Times

      • Francesco Baldi
      Pages 21-34

    4. Classifying Synergistic Growth Options Embedded in Strategic Alliances

      • Francesco Baldi
      Pages 35-41

    5. A Real Options-Based Conceptual Framework for Alliance-Making

      • Francesco Baldi
      Pages 43-49

    6. A Portfolio Approach to Actively Managing Alliances: The SGO Matrix

      • Francesco Baldi
      Pages 51-59

    7. Conclusions

      • Francesco Baldi
      Pages 61-64
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Keywords

About this book

The real options-based conceptual framework for alliance-making presented here responds to the challenge of developing a new metrics for managing strategic partnerships in the face of uncertainty. Such a framework involves: mapping (and selecting one of) the various staged paths envisioned for the start-up and development of the alliance in terms of strategic options exercisable over the lifetime of the cooperative venture; assessing the incremental, synergistic value of those options (if exercised on the net, tangible and intangible, assets of the venture); anticipating the potential impact of risks on the success/failure of the venture and associated synergistic value erosion; defining the optimal option map for implementing the strategic alliance via potential, successive adjustments to the initial strategy (information loop is closed).

Authors and Affiliations

  • Department of Business and Management, LUISS Guido Carli University, Rome, Italy

    Francesco Baldi

About the author

Francesco Baldi holds a M.Sc. in Finance from the University of Rome “La Sapienza”, a M.Sc. in Applied Econometrics from the School of Economics and Finance of the Italian Ministry of Treasury and a Ph.D. in Business Economics from the University of Rome III. He has been a Chazen Visiting Scholar at the Columbia Business School and the MIT Sloan School of Management having received the 2006 “Fondazione IRI” scholarship in management studies. He has an extensive professional experience in the field of finance and is the author of articles published in international and Italian journals. He is an Adjunct Professor of Corporate Finance at the Department of Business and Management of LUISS Guido Carli University.

Bibliographic Information

  • Book Title: Options in Alliances

  • Book Subtitle: Valuing Flexibility in Inter-Firm Collaborations

  • Authors: Francesco Baldi

  • Series Title: SpringerBriefs in Business

  • DOI: https://doi.org/10.1007/978-88-470-2850-0

  • Publisher: Springer Milano

  • eBook Packages: Business and Economics, Business and Management (R0)

  • Copyright Information: The Author(s) 2013

  • Softcover ISBN: 978-88-470-2849-4Published: 23 November 2012

  • eBook ISBN: 978-88-470-2850-0Published: 29 November 2012

  • Series ISSN: 2191-5482

  • Series E-ISSN: 2191-5490

  • Edition Number: 1

  • Number of Pages: VI, 79

  • Number of Illustrations: 7 b/w illustrations

  • Topics: Business Strategy/Leadership, Finance, general

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