A real option analysis approach to evaluating digital government investment
dg.o '05 Proceedings of the 2005 national conference on Digital government research
Enterprise agility and the enabling role of information technology
European Journal of Information Systems - Including a special section on business agility and diffusion of information technology
Information Systems Research
Information Technology and Management
Information Technology and Management
Information Systems Management
The Impact of ERP Implementation on Business Process Outcomes: A Factor-Based Study
Journal of Management Information Systems
Postimplementation Knowledge Transfers to Users and Information Technology Professionals
Journal of Management Information Systems
Journal of Management Information Systems
The Role of Information Systems Resources in ERP Capability Building and Business Process Outcomes
Journal of Management Information Systems
Investments in Information Security: A Real Options Perspective with Bayesian Postaudit
Journal of Management Information Systems
The Role of ERP Implementation in Enabling Digital Options: A Theoretical and Empirical Analysis
International Journal of Electronic Commerce
Empirical analysis of risk-taking behavior in IT platform migration decisions
Computers in Human Behavior
A multi-criteria game theory and real-options model for irreversible ICT investment decisions
Telecommunications Policy
Effects of Organizational Learning and Knowledge Transfer on Investment Decisions Under Uncertainty
Journal of Management Information Systems
Applications of real option analysis to vendor selection process in IT outsourcing
International Journal of Information Systems and Change Management
IT project portfolio optimization: a risk management approach to software development governance
IBM Journal of Research and Development
How much to spend on flexibility? Determining the value of information system flexibility
Decision Support Systems
The transformation of open source software
MIS Quarterly
Competing or coordinating: IT R&D investment decision making subject to information time lag
Information Technology and Management
Information Technology and Management
An Interdisciplinary Perspective on IT Services Management and Service Science
Journal of Management Information Systems
Influence of Industry Characteristics on Information Technology Outsourcing
Journal of Management Information Systems
What drives global ICT adoption? Analysis and research directions
Electronic Commerce Research and Applications
Relationship bonding for a better knowledge transfer climate: An ERP implementation research
Decision Support Systems
A real option theoretic fuzzy evaluation model for enterprise resource planning investment
Journal of Engineering and Technology Management
A Study of Sourcing Channels for Electronic Business Transactions
Journal of Management Information Systems
Journal of Management Information Systems
Resolving uncertainty and creating value from the exercise of e-commerce investment options
Information Systems Journal
Investment timing for mobile payment systems
Proceedings of the 14th Annual International Conference on Electronic Commerce
Research Note---Using Real Options to Investigate the Market Value of Virtual World Businesses
Information Systems Research
International Journal of Business Data Communications and Networking
Journal of Management Information Systems
Journal of Management Information Systems
Critical success factors in enterprise resource planning systems: Review of the last decade
ACM Computing Surveys (CSUR)
Understanding the Link Between Initial ERP Systems and ERP-Enabled Adoption
Information Resources Management Journal
Hi-index | 0.00 |
The decision processes surrounding investments in innovative information technology (IT) platforms are complicated by uncertainty about expected payoffs and irreversibilities in the costs of implementation. When uncertainty and irreversibility are high, concepts from real options should be used to properly structure the evaluation and management of investment opportunities, and thereby capture the value of managerial flexibility. However, while innovation researchers have posited that option value can influence the motivations of early adopters, and options researchers have identified emerging IT as a promising area for application of options valuation techniques, there has yet to be a systematic theoretical integration of work on IT innovation and real options.This paper seeks to fill this gap by developing a model of the determinants of option value associated with investments in innovative IT platforms. In so doing, the model addresses a central question in the innovation field: When should a firm take a lead role in innovation with emerging technologies? The analysis begins with an explanation of real options analysis and how it differs from conventional approaches for evaluating new technologies. Then a set of 12 factors--drawn from 4 complementary perspectives on organizational innovation (technology strategy, organizational learning, innovation bandwagons, and technology adaptation)--is synthesized into a model of the option value of IT platform investments. Rationales are provided to explain the direct effects of these factors on option value, and selected interactions among the factors are also considered. Finally, the implications of the model are presented in three areas: predicting IT platform initiation and adoption, valuing IT platform options, and managing IT platform implementation.