Viewing Strategy as a Portfolio of Options Rather Than a Portfolio

Multiple Choice

Viewing strategy as a portfolio of options rather than a portfolio of investments relies upon the central idea that:

A) Strategy needs to reconcile direction and flexibility in an uncertain environment
B) "All or nothing" strategic projects can be such costly mistakes as to be fatal to the firm
C) The advantage of an option follows from the potential to amend or stop a strategic project during the development process
D) All of the above