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Modeling of strategic partnership of biotechnological start‐up by option‐game: aiming at optimization between flexibility and commitment

Modeling of strategic partnership of biotechnological start‐up by option‐game: aiming at... On the survival of biotechnological start‐ups, the effectiveness of real options is proved for, in some degree, overcoming the death‐valley as the initial period until the break‐even point. However, the value of flexibility of a decision making that real options depend on becomes often trade‐off relationship withe the value of commitment at game theory dealing with the competition and cooperation with rivals. This paper examines a possibility of option‐game as an experiemental methodology of optimizing total value between flexibility and commitment, in the context of importance of strategic partnerships for the survival of biotechnological start‐ups. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Advances in Management Research Emerald Publishing

Modeling of strategic partnership of biotechnological start‐up by option‐game: aiming at optimization between flexibility and commitment

Journal of Advances in Management Research , Volume 5 (1): 18 – Jan 1, 2008

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Publisher
Emerald Publishing
Copyright
Copyright © 2008 Emerald Group Publishing Limited. All rights reserved.
ISSN
0972-7981
DOI
10.1108/97279810880001265
Publisher site
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Abstract

On the survival of biotechnological start‐ups, the effectiveness of real options is proved for, in some degree, overcoming the death‐valley as the initial period until the break‐even point. However, the value of flexibility of a decision making that real options depend on becomes often trade‐off relationship withe the value of commitment at game theory dealing with the competition and cooperation with rivals. This paper examines a possibility of option‐game as an experiemental methodology of optimizing total value between flexibility and commitment, in the context of importance of strategic partnerships for the survival of biotechnological start‐ups.

Journal

Journal of Advances in Management ResearchEmerald Publishing

Published: Jan 1, 2008

Keywords: Partnership strategy; Partnership models; Biotechnology; Option‐game

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