Optionality

Optionality refers to having multiple choices or alternatives available to you, especially when making decisions. In general knowledge, it means the value of keeping options open rather than committing to a single path. For instance, in business or investing, having optionality allows you to adapt to changing circumstances or pursue different opportunities as they arise. It's akin to holding options in a stock market—these options give you the flexibility to act when it benefits you, rather than being locked into one course of action. Embracing optionality can lead to better outcomes by leveraging unforeseen opportunities.