Valuation Maximizing Corporate Value phần 5 ppsx

... core values. A more formal approach, often useful after an informal value- story-sharing session, involves prioritizing and rank- ing various values. One way to do this is simply to list value areas ... organization and its environment changes, its fundamental purposes and values will remain intact. The key components of the mission are values and pur- poses. In a rapidly changing world—on...

Ngày tải lên: 14/08/2014, 05:21

... Operations 41.9 56 .4 67 .5 81.0 92.6 Discount Factor 0.8772 0.76 95 0.6 750 0 .59 21 0 .51 94 Present Worth of Cash Flow 36.8 43.4 45. 6 48.0 48.1 Cumulative Present Worth of Cash Flows 36.8 80.2 1 25. 8 173.8 ... Performance a Years Year Year Year Year Year 1 5 1 2 3 4 5 Total Total Revenues: ■ Base Case 1060.0 1123.6 1191.0 1262 .5 1338.2 59 75. 3 ■ Revised Case 1104.0 1249.0 14...

Ngày tải lên: 14/08/2014, 05:21

... the organization values its employees. return pet projects and no-return perquisites also sets an example. In this case, however, it is not one of maximizing the organization’s value or the security ... strategic framework to be very good at dealing with change, restructuring the culture, maximizing organization value, or planning for the future. Effective leadership in response to cha...

Ngày tải lên: 14/08/2014, 09:20

Ngày tải lên: 14/08/2014, 09:21

... George M. Valuation : maximizing corporate value / George M. Norton III. p. cm. Includes index. ISBN Bookz 0-471-38 654 -5 (cloth : alk. paper) I. Management. 2. Strategic planning. 3. Corporate ... Title. HD30.28.N677 2003 658 .4'012—dc21 2002011161 Quantify the Selected Strategies 134 Calculate Revised Case Value 144 Measure Value Enhancement 150 Summary 154 CHAPTER 7...

Ngày tải lên: 14/08/2014, 05:21

... Growth EXHIBIT 1.10 Business Unit Market Share Trends 12 CONDUCT STRATEGIC AUDIT 0 0 5 10 15 20 25 30 35 40 45 5 10 152 0 253 0 354 0 45 Return on Net Assets (%) Unit A Unit B Unit C Cash Negative (Cash User) Cash ... library that may provide industry data. Another Plot Growth Performance 13 0 0 5 10 15 20 25 30 35 40 45 5 10 152 0 253 0 354 0 45 Return on Net Assets (%)...

Ngày tải lên: 14/08/2014, 05:21

... from Operations 59 .4 63.0 66.7 70.8 75. 0 Discount Factor 0.8772 0.76 95 0.6 750 0 .59 21 0 .51 94 Present Worth of Cash Flow 52 .1 48 .5 45. 1 41.9 39.0 Cumulative PW of Cash Flow 52 .11 100.6 1 45. 6 187 .5 226.4 Note: ... CURRENT VALUE the end of Year 5. To calculate the worth of this type of pay- ment, the payment itself is divided by the discount rate. This works out to be a...

Ngày tải lên: 14/08/2014, 05:21

... Organization Value 45 EXHIBIT 2.4 Selected Historical Data for ABC Company Year Year Year Year Year Year Mean 5 –4 –3 –2 –1 0 Revenue 750 800 850 900 950 1000 % Change 6.7 6.3 5. 9 5. 6 5. 3 6 Operating Profit ... for ABC Company is contained in Exhibit 2 .5. Calculate Current Organization Value 47 EXHIBIT 2 .5 Weighted Cost of Capital Inputs for ABC Company Input Value Risk-Fre...

Ngày tải lên: 14/08/2014, 05:21

... quickly identify the key value areas important to the organization and refine them further as necessary to incorporate into the mission statement. A typical list of broad value areas might include: ■ ... list both ends of a value- related spectrum in two columns and have the participants place an “X” representing their view of where the organization stands on that particular value alon...

Ngày tải lên: 14/08/2014, 05:21

... 126.00 Less: Taxes 40.80 45. 60 50 .40 Increased Fixed Capital Investment 5. 40 2 .54 2.70 Increased Working Capital Investment 2.80 3.91 5. 02 Cash Flow from Operations 53 .00 61. 95 67.88 a Revenues and ... such EXHIBIT 5. 6 ABC Company Objectives Cash Flow Comparison Total Scenario Year 1 Year 2 Year 3 Cash Flow No Objective 59 .40 62.96 66.74 189.10 Objective O.2 52 .38 66.11 7...

Ngày tải lên: 14/08/2014, 05:21