Decision-Framing

Chapter

Abstract

The opening chapter explores the logic and intuition that capital budgeting employs in evaluating energy investments. It examines how these approaches often lead managers to err in committing to sub-optimal investments, when minimising risks takes precedence over adapting in order to profit from uncertainty. To reframe managerial decision-making, we redefine the energy business and link academic works to inform managerial actions under market and technological uncertainties. An overview of the book is presented, showing how the chapters are organised around thematic clusters.

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Copyright information

© The Author(s) 2017

Authors and Affiliations

  1. 1.IESE Business SchoolUniversity of NavarraBarcelonaSpain

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