How important is it that an organization have an exclusive right to exercise a real option? That is, can we really say that an option being considered has value if competitors may exercise it also?

Here from the point of companies welfare or for the sake of growth of the company and its employees decision making power may be in the hands of the management but there should be some sessions with the people inside regarding aspects and how they can be embraced or how our hands can be laid on them so that there will be numerous ways and this helps the company to gain competitive advantage also.