The most important benefit from the conclusion of the strike is that it will transform labor relations and management control at the plants, enabling the company to implement efficiency and operational excellence measures and gain back managerial flexibility
, including control over work standards and mobilization of employees
Valuing Managerial Flexibility
in Technology R&D, Proceedings of the 16th Annual International Real Options Conference, London, 26 pages
Real options could be used as a beneficial tool for valuing managerial flexibility
to adapt decisions in response to unexpected market developments and changes.
1999) Real options: managerial flexibility
and strategy in resource allocation, Cambridge, M.
On the other hand, inventory managerial flexibility
is not visible to customers because it is buffered by the firm's purchasing, sourcing, and operations management process.
However, many scholars have recognized that the traditional discounted cash flow (DCF) model fails to account for the value of such managerial flexibility
To provide an overview of the various budget restructuring efforts underway in the federal government, GAO: (1) summarized steps taken by the Office of Management and Budget (OMB) and nine selected agencies to better align their budgets with performance and to better capture the cost of performance in the budget; (2) discussed the potential implications of these efforts for congressional oversight and executive branch managerial flexibility
and accountability; (3) described the experiences and implementation challenges associated with these efforts; and (4) identified lessons learned that can provide insights useful in considering current and future budget restructuring efforts.
The Managerial Flexibility
Act--the first legislative component of his Freedom to Manage initiative--would provide agencies and managers with additional tools and even greater flexibilities to acquire and develop talent and leadership and keep high performers on the job.
A full commitment up front to either accept or reject the project destroys the real-option value of managerial flexibility
Their credit quality will depend on generating stable cash flows, good product development and cost competitiveness, and having the financial and managerial flexibility
to respond to business opportunities, the U.
Does this indicate managerial flexibility
or plain uncertainty?
One thing is clear: if new leadership is to mean anything, it will be vital to provide for the managerial flexibility
at the IRS to translate it into practice.