Description:
While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.
Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art.
- Discusses the four foundational principles of corporate finance
- Effectively applies the theory of value creation to our economy
- Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management
- Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions
A perfect companion to the Fifth Edition of Valuation, this book will put the various issues associated with corporate finance in perspective.
Review
"... marches the reader through the very practical issues that affect value." (Financial Times, November 2010)
From the Inside Flap
From the team behind Valuation―the #1 bestselling reference on corporate finance―comes a decision-making guide for all executives to use as they create, manage, and sustain shareholder value.
Corporate leaders are regularly confronted with conventional wisdom and half-truths about value creation. They’re given conflicting advice about what will or won’t appeal to investors, often contradicting their own judgment about what builds lasting worth in their companies and the economy.
In Value: The Four Cornerstones of Corporate Finance, partners from the management consulting firm of McKinsey & Company describe the basic principles of value creation and their relevance. Internalizing these principles―or cornerstones―gives decision makers the independence and courage they need to challenge conventional wisdom, defy half-truths, and build thriving businesses.
The four cornerstones are:
- The Core of Value: a business’s value is driven by its growth and return on capital, and resulting cash flows
- The Conservation of Value: value is created when companies generate higher cash flows, not by simply rearranging investors’ claims on cash flows
- The Expectations Treadmill: movements in company share prices reflect changes in the stock market’s expectations, not just underlying performance
- The Best Owner: the value of a business is not an absolute but, rather, depends on who is managing it and the strategy pursued
While there are many books that cover selected topics within corporate finance―often for specialized practitioners―it’s the rare book that offers leaders a unifying viewpoint of business. Value is that book.
From the Back Cover
Praise for VALUE
“Value will help senior leaders and their boards act on bold ideas for creating value in the businesses they lead. The four principles of value creation are a concise guide to growing and shaping companies.”
― Ed Breen, Chairman and Chief Executive Officer, Tyco International Ltd.
“In a complex business world, we shouldn’t overlook the relatively simple financial principles that underlie the creation of long-term shareholder value. This book gives corporate leaders a clear base of knowledge for creating and sustaining value under any economic, industry, or company circumstances.”
― Dominic J. Caruso, Chief Financial Officer, Johnson & Johnson
“More than a handbook, this is the bible of value creation. It should be read by corporate leaders across the entire spectrum. It also reminds us not to ignore the abiding financial principles that guide companies to long-term value creation.”
― Stefan Krause, Chief Financial Officer, Member of the Management Board, Deutsche Bank AG
“A valuable source of guidance for business leaders who are focused on creating real, lasting value.”
― Mark Loughridge, Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation, IBM Corporation
“A very useful, no-nonsense guide for creating shareholder value. Competition, capital structure, acquisitions, buybacks, dividends, and more―it’s all here with straightforward principles and examples.”
― Keith S. Sherin, Vice Chairman and Chief Financial Officer, General Electric Company
“If more owners and executives had the overriding objective of long-term value creation―and enough knowledge about how to create it―then our financial world would be a more stable one.”
― Rajiv Singh, Vice Chairman, DLF Limited
“Value cuts through clutter and myopia to provide a sound foundation for leaders who are building enterprises that thrive and serve society.”
― Daniel Vasella, MD, Chairman, Novartis AG
About the Author
McKINSEY & COMPANY is a global management consulting firm that helps leading private, public, and social-sector organizations make distinctive, lasting, and substantial performance improvements. With consultants deployed from more than ninety offices in over fifty countries, McKinsey advises companies on strategic, operational, organizational, financial, and technological issues.
TIM KOLLER leads the firm’s research activities in valuation and capital market issues. He advises clients globally on corporate strategy, capital markets, M&A, and value-based management. Tim is a coauthor of Valuation: Measuring and Managing the Value of Companies.
RICHARD DOBBS is a director of the McKinsey Global Institute, the firm’s business and economics research arm. He advises Korean and other Asian companies and governments on strategy, economics, and M&A issues. Richard is an associate fellow of University of Oxford’s Saïd Business School.
BILL HUYETT advises clients in healthcare and other technology-intensive industries on corporate strategy, M&A, product development and commercialization, and corporate leadership. Bill is active on several not-for-profit boards in basic life sciences research.
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Visit the Wiley Store
Value: The Four Cornerstones of Corporate Finance
BHD2124
Quantity:
Order today to get by 7-14 business days
This item qualifies for free delivery
Imported From: United States
At BOLO, we work hard to ensure the products you receive are new, genuine, and sourced from reputable suppliers.
Every product in the BOLO catalogue is sourced through our Verified Global Supply Network of verified sellers, authorized distributors or directly from the manufacturer.
Each product undergoes thorough inspection and verification at our consolidation and fulfilment centers to ensure it meets our strict authenticity and quality standards before being shipped and delivered to you.
If you ever have concerns regarding the authenticity of a product purchased from us, please contact Bolo Support. We will review your inquiry promptly and, if necessary, provide documentation verifying authenticity or offer a suitable resolution.
Your trust is our top priority, and we are committed to maintaining transparency and integrity in every transaction.
While we strive to display accurate information, variations in packaging, labeling, instructions, or formulation may occasionally occur due to regional differences or supplier updates. For detailed or manufacturer-specific information, please contact the brand directly or reach out to BOLO Support for assistance.
Unless otherwise stated, all prices displayed on the product page include applicable taxes and import duties.
BOLO operates in accordance with the laws and regulations of Bahrain. Any items found to be restricted or prohibited for sale within the Bahrain will be cancelled prior to shipment. We take proactive measures to ensure that only products permitted for sale in Bahrain are listed on our website.
All items are shipped by air, and any products classified as “Dangerous Goods (DG)” under IATA regulations will be removed from the order and cancelled.
All orders are processed manually, and we make every effort to process them promptly once confirmed. Products cancelled due to the above reasons will be permanently removed from listings across the website.
Description:
While you can find numerous books focused on the topic of corporate finance, few offer the type of information managers need to help them make important decisions day in and day out.
Value explores the core of corporate finance without getting bogged down in numbers and is intended to give managers an accessible guide to both the foundations and applications of corporate finance. Filled with in-depth insights from experts at McKinsey & Company, this reliable resource takes a much more qualitative approach to what the authors consider a lost art.
- Discusses the four foundational principles of corporate finance
- Effectively applies the theory of value creation to our economy
- Examines ways to maintain and grow value through mergers, acquisitions, and portfolio management
- Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions
A perfect companion to the Fifth Edition of Valuation, this book will put the various issues associated with corporate finance in perspective.
Review
"... marches the reader through the very practical issues that affect value." (Financial Times, November 2010)
From the Inside Flap
From the team behind Valuation―the #1 bestselling reference on corporate finance―comes a decision-making guide for all executives to use as they create, manage, and sustain shareholder value.
Corporate leaders are regularly confronted with conventional wisdom and half-truths about value creation. They’re given conflicting advice about what will or won’t appeal to investors, often contradicting their own judgment about what builds lasting worth in their companies and the economy.
In Value: The Four Cornerstones of Corporate Finance, partners from the management consulting firm of McKinsey & Company describe the basic principles of value creation and their relevance. Internalizing these principles―or cornerstones―gives decision makers the independence and courage they need to challenge conventional wisdom, defy half-truths, and build thriving businesses.
The four cornerstones are:
- The Core of Value: a business’s value is driven by its growth and return on capital, and resulting cash flows
- The Conservation of Value: value is created when companies generate higher cash flows, not by simply rearranging investors’ claims on cash flows
- The Expectations Treadmill: movements in company share prices reflect changes in the stock market’s expectations, not just underlying performance
- The Best Owner: the value of a business is not an absolute but, rather, depends on who is managing it and the strategy pursued
While there are many books that cover selected topics within corporate finance―often for specialized practitioners―it’s the rare book that offers leaders a unifying viewpoint of business. Value is that book.
From the Back Cover
Praise for VALUE
“Value will help senior leaders and their boards act on bold ideas for creating value in the businesses they lead. The four principles of value creation are a concise guide to growing and shaping companies.”
― Ed Breen, Chairman and Chief Executive Officer, Tyco International Ltd.
“In a complex business world, we shouldn’t overlook the relatively simple financial principles that underlie the creation of long-term shareholder value. This book gives corporate leaders a clear base of knowledge for creating and sustaining value under any economic, industry, or company circumstances.”
― Dominic J. Caruso, Chief Financial Officer, Johnson & Johnson
“More than a handbook, this is the bible of value creation. It should be read by corporate leaders across the entire spectrum. It also reminds us not to ignore the abiding financial principles that guide companies to long-term value creation.”
― Stefan Krause, Chief Financial Officer, Member of the Management Board, Deutsche Bank AG
“A valuable source of guidance for business leaders who are focused on creating real, lasting value.”
― Mark Loughridge, Senior Vice President and Chief Financial Officer, Finance and Enterprise Transformation, IBM Corporation
“A very useful, no-nonsense guide for creating shareholder value. Competition, capital structure, acquisitions, buybacks, dividends, and more―it’s all here with straightforward principles and examples.”
― Keith S. Sherin, Vice Chairman and Chief Financial Officer, General Electric Company
“If more owners and executives had the overriding objective of long-term value creation―and enough knowledge about how to create it―then our financial world would be a more stable one.”
― Rajiv Singh, Vice Chairman, DLF Limited
“Value cuts through clutter and myopia to provide a sound foundation for leaders who are building enterprises that thrive and serve society.”
― Daniel Vasella, MD, Chairman, Novartis AG
About the Author
McKINSEY & COMPANY is a global management consulting firm that helps leading private, public, and social-sector organizations make distinctive, lasting, and substantial performance improvements. With consultants deployed from more than ninety offices in over fifty countries, McKinsey advises companies on strategic, operational, organizational, financial, and technological issues.
TIM KOLLER leads the firm’s research activities in valuation and capital market issues. He advises clients globally on corporate strategy, capital markets, M&A, and value-based management. Tim is a coauthor of Valuation: Measuring and Managing the Value of Companies.
RICHARD DOBBS is a director of the McKinsey Global Institute, the firm’s business and economics research arm. He advises Korean and other Asian companies and governments on strategy, economics, and M&A issues. Richard is an associate fellow of University of Oxford’s Saïd Business School.
BILL HUYETT advises clients in healthcare and other technology-intensive industries on corporate strategy, M&A, product development and commercialization, and corporate leadership. Bill is active on several not-for-profit boards in basic life sciences research.
Details:
Similar suggestions by Bolo
More from this brand
Similar items from “Valuation”
Share with
Or share with link
https://www.bolo.bh/products/U0470424605