Question: The relationship between commitment and strategic options may be beast described as: See p . 9 8 ] Commitments increase the value of real options

The relationship between commitment and strategic options may be beast described as: See p.98]
Commitments increase the value of real options
By committing to a set of options, a firm can reconcile two sources of value: value from deterring competitors and value from real options
Making commitments inevitably involve giving up options
The two reside in different realms of analysis: commitments can be analyzed using game theory; real options can be analyzed using financial theory
The relationship between commitment and strategic options may be beast described

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