We present a framework for value-based strategic planning combining concepts and tools from strategy and finance. Our ‘Expanded NPV' framework reconciles flexibility and strategic commitment, viewing strategic planning as managing a portfolio of real options with competitive interactions. The...

Intro -- Contents -- Glossary -- Symbols -- Foreword -- Preface -- Chapter 1. The Strategy Challenge -- 1.1 The Changing Corporate Environment -- 1.2 What Is Strategy? -- 1.3 Two Complementary Perspectives on Strategy -- 1.4 An Integrative Approach to Strategy -- 1.5 Overview and Organization of...