Valuation Maximizing Corporate Value phần 10 potx

... 116 Market share, 15–16, 53, 101 , 105 , 111 Mission, 9, 77, 80–81, 83–88, 93–99, 106 , 108 109 , 117, 159, 160, 170, 177, 189 Niches, 77, 79, 88–89, 91–93, 95, 99, 107 , 109 , 157, 165, 169–170, 180, ... 69–70 Surveys, 63, 65–69, 82, 140 Taxes, 10, 17, 31, 33–34, 36, 38, 41–42, 46, 146, 149–150 Technology, 24, 105 , 107 , 110, 135, 139, 163, 171, 175 Threats, 8, 178, 180 Time valu...

Ngày tải lên: 14/08/2014, 05:21

... the market value to book Determine Relative Value 19 10 0 1 2 3 4 5 6 7 20 2515 30 35 Return on Equity (%) BETTER WORSE ABC Company Maarket Value/ Book Value EXHIBIT 1.11 Relative Value good source ... each: 1. Market value 2. Book value 3. Five year average return on equity 5 Once these are assembled a chart is created. For each com- pany, the market value is divided by the...

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

... Drivers 35 Determine Cost of Capital 40 Calculate Current Organization Value 43 Summary 48 Endnotes 48 Valuation Maximizing Corporate Value GEORGE M. NORTON III John Wiley & Sons, Inc. acknowledgments I want ... George M. Valuation : maximizing corporate value / George M. Norton III. p. cm. Includes index. ISBN Bookz 0-471-38654-5 (cloth : alk. paper) I. Management. 2....

Ngày tải lên: 14/08/2014, 05:21

... CURRENT VALUE EXHIBIT 2.2 Yearly Cash Flows for ABC Company Year 1 Year 2 Year 3 Year 4 Year 5 Revenues 106 0.00 1123.60 1191.02 1262.48 1338.23 Operating Profit Margin % 10. 00 10. 00 10. 00 10. 00 10. 00 Operating Profit ... added to the cumulative value of the cash flows, a total valuation of the operating cash flow potential of the organization can be calculated. In the ABC Co...

Ngày tải lên: 14/08/2014, 05:21

... ear- lier in this chapter. SUMMARY The present values of the cash flows for this set of projec- tions for ABC Company, along with the present value of the ending value of the company, are contained in ... 900 950 100 0 % Change 6.7 6.3 5.9 5.6 5.3 6 Operating Profit 64 77 90 105 120 Operating Profit Margin 8.0 9.1 10. 0 11.1 12.0 10 Taxes 26 28 40 44 46 Tax Rate a 40.6 36.3 44.4 41.9...

Ngày tải lên: 14/08/2014, 05:21

... 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 ... developed (and, therefore, shared) values provide control by guiding member actions. If the mission that is developed is successful in capturing the purposes and values of the organization,...

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

... 2 Year 3 Revenues 106 0.00 1123.60 1191.02 Operating Profit Margin (%) 10. 00 10. 00 10. 00 Operating Profit 106 .00 112.36 119 .10 Less: Taxes 42.40 44.94 47.64 Increased Fixed Capital Investment ... 2’s “Calculate Current Organization Value for each set of strategic combinations, the one set that yields the greatest value for the organization (and hence, maximizes its value) can...

Ngày tải lên: 14/08/2014, 05:21