Value is intended to give managers an accessible and short guide to first the foundations and then the applications of corporate foundations. Not bogged down in math equations or heavy analysis, the book is a much more qualitative approach to what the authors consider a lost art. The first section discusses the four foundational principles of corporate finance: 1. Value is driven by growth, ROIC, and the sustainability of these; 2. Share price is driven by expectations for future performance; 3. Price is driven by the value conceived by others; and 4. One must use the pizza principal to decide whether value has really been created. The pizza principal says you can get more pizza by either making the pie bigger or by taking a share of other pies. The second section applies the theory of value creation to our economy. The authors argue that real value creation comes from innovation and competitive advantage, which manifests into high returns on capital and growth. In the third section of the book, the authors discuss ways to maintain and grow value through mergers, acquisitions, and portfolio management. The final section addresses how to ensure that your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions.
The Firm : The Story of McKinsey and Its Secret Influence on American Business
Duff McDonald
bookWhat Happened to Goldman Sachs : An Insider’s Story of Organizational Drift and Its Unintended Consequences
Steven G. Mandis
audiobookGet Out of My Head : Creating Modern Clarity With Stoic Wisdom
Andrew McConnell
audiobookMergers & Acquisitions from A to Z Fourth Edition
Andrew J. Sherman
audiobookNegotiating successfully : Negotiating successfully in small and mid-sized M&A transactions
Arnd Allert
bookMergers & Acquisitions for Dummies
Bill Snow
audiobookCEO Excellence : The Six Mindsets That Distinguish the Best Leaders from the Rest
Carolyn Dewar, Scott Keller, Vikram Malhotra
audiobookbookLords of Finance
Liaquat Ahamed
audiobookThe Undoing Project : A Friendship that Changed Our Minds
Michael LEWIS
audiobookDanmarks historie. Bind 1
Vilhelm La Cour
bookLeft of Bang
Patrick Van Horne, Jason A. Riley
audiobookThe Little Book of Valuation : How to Value a Company, Pick a Stock and Profit
Aswath Damodaran
audiobook