What is the meaning of Managerial (real) option?

managerial > real

Management flexibility to make future decisions that affect a project's expected cash flows, life, or future acceptance.

Barry Goldsmith
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APABarry Goldsmith. (2010). managerial (real) option. Retrieved September 22, 2026, from http://smartdefine.org/managerial_(real)_option/definitions/1157718
ChicagoBarry Goldsmith. 2010. "managerial (real) option" http://smartdefine.org/managerial_(real)_option/definitions/1157718 (accessed September 22, 2026).
HarvardBarry Goldsmith 2010, managerial (real) option, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/managerial_(real)_option/definitions/1157718>.
MLABarry Goldsmith. "managerial (real) option" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/managerial_(real)_option/definitions/1157718>