Dynamic Decisions highlights how some managers and policymakers sleepwalk into decision paralysis. Strategically, they partly recognise their world is changing radically as energy systems transition. In deciding what to invest in, they default to rewarding the predictable and proven, often misdiagnosing the ignored risks of innately ambiguous markets. To remedy this, the author frames ambiguity as a source of opportunity. As extant advantages obsolesce, new entrants could disrupt to gain dominance. Some managers could repurpose, reframe, and reconfigure their resources and processes to create tomorrow's profitable niches today. To profit from these emerging business landscapes, managers can PIVOT and BOUnCE to win by transitioning into a dynamic mindset. Endowed with a creative mind to innovate, humans could reshape their firms and their societies. Armed with these capabilities, albeit partial, managers could choose to adapt responsive strategic actions that are tangible, actionable, and achievable, with policy sustaining societal benefits by expanding people's access to opportunities. Dynamic Decisions is written for managers and policymakers that seek to benefit their firms and communities in how they conduct their business and themselves. Connecting theory to practice with actual business cases, this book is organised into four clusters that act as building blocks to structure the reader's decision-making process. Through experimentation, learning, and adaptation, the reader of Dynamic Decisions will redirect their strategic actions that are necessary to nurture tomorrow's profitable niches today. "To fully realise the benefits of a low-carbon energy future, a manager would require productive dialogue amongst stakeholders. Under a polarised societal milieu, it is tempting to see policy and energy firms to be necessarily at odds. As Chief Executive, I seek to align our purpose to work for a common good, recognising our diverse interests and capabilities. Dynamic Decisions places humans at the centre of decision-making, offering a fresh approach by framing dilemmas under ambiguous ecosystems. This allows policymakers and managers to rechannel their efforts to work on what they can do better so that society does well whilst firms also prosper." --Antonio Brufau Niubó, Chairman, Repsol and Repsol Foundation, Spain n Dynamic Decisions, Ricardo shares his deep understanding of the vagaries of energy transitions. He offers guidance on how to navigate them by using strategic insights to adapt investment choices under ambiguities. A must-read for managers facing strategic energy-related or capital-intensive investment decisions." --Africa Ariño, Professor and Joachim Molins Figueras Chair of Strategic Alliances, IESE Business School, Spain, and President, Strategic Management Society, USA "Ricardo's Dynamic Decisions is spot on in highlighting the importance of how managers and policy could profitably pivot as energy firms transition towards sustainable development paths. This is particularly important for the fast-growing Asian regions, where firms and governments could innovatively meet the climate challenges as today's transformational opportunities. The strategic decision approaches highlighted by Ricardo offer feasible pathways to achieve this under ambiguous conditions." --Woochong Um, Managing Director General, Asian Development Bank, Asia/Philippines Ricardo G Barcelona authored Energy Investments, a ground-breaking book that values renewables as real options under interacting energy portfolios and oligopolistic rivalries. Through his research and interactions with academe, business, and policy, he contributes to conversations around energy transitions and sustainability, decisions under uncertainties, and how imperfect humans creatively reshape their business and society. His insights benefit from his academic rigour, senior leadership experiences at Royal Dutch Shell, Netherlands and London, and the City of London. As an investment banker, he was consistently voted top rated equity analyst and adviser for European utilities whilst at SBC Warburg and ABN AMRO/Rothschild. He obtained his PhD in Management from King's College London, United Kingdom; MBA, IESE Business School, Spain; and BA, School of Economics, University of the Philippines.