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I have been researching general management theories with real options, dealing with the uncertain economic and managerial situation around the world. So the topic covers expectaions, future values, global businesses and developing real option products and markets. I want to utilize real options to solve all these uncertain economic and managerial issues. I believe real options can do it right.

A real option is a way of the dynamic optimization in management and human lives. It explains various dynamic risks of a project as stochastic values, so the top management can clearly capture the risks and make better decisions. Recent developments of real option theories can analyze the dynamic risks, but cannot actually solve the problems per se. They are just the decision-making tools. So my research will commit actually solving these problems by showing a new real option framework and developing new real option applications and markets.

Developing new products is essential to company's perpetual growth. Top management is responsible for the company to sustain growth and capture the future potential growth market. They are two different things because of the changing environment and market needs. Real optins are useful to solve these managerial issues.