... that preserves flexibility at the business unit level, the managerial level and the firm level. The approach allows for different managerial styles in both centralized and decentralized sub-units within the same organization. The authors argue that an open multi-dimensional framework using real options...

...Sirilak Bangchokdee; Lokman Mia Today’s business organizations face greater uncertainty due to increasing competition. Previous researchers have argued that as organizations face greater competition or uncertainty, they need to decentralize decision-making (Chenhall and Morris, 1986 ; Lowry...