Identify within your own organization or an organization with which you are familiar with, various options as defined, for example, in the "Real Options Navigator" article, that have potential to create value. What makes it a real option (i.e., able to take advantage of upside potential, while having the flexibility to walk away if pursuing it destroys value)?

Areas that you might identify include: growth, staging, sourcing, business scope, and learning. Feel free to add others. If you work for other than a for-profit company, can you still identify options?