Valuation maximizing corporate value phần 6 pps

Ngày tải lên: 14/08/2014, 09:21

... 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 ... 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

... cooperation. 86 BUILD FRAMEWORK FOUNDATION five, with five being very important. As a start, more broadly defined terms are generally best. This way, the team can more quickly identify the key value ... 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: ■ Teamwork ■ Product lead...

Ngày tải lên: 14/08/2014, 05:21

... 597 .6 ■ Revised Case 82.0 111.0 132.0 1 56. 0 1 76. 0 65 7.0 Cash Flow from Operations: ■ Base Case 59.4 63 .0 66 .7 70.8 75.0 334.9 ■ Revised Case 41.9 56. 4 67 .5 81.0 92 .6 329.4 a For the original source ... Operations 41.9 56. 4 67 .5 81.0 92 .6 Discount Factor 0.8772 0. 769 5 0 .67 50 0.5921 0.5194 Present Worth of Cash Flow 36. 8 43.4 45 .6 48.0 48.1 Cumulative Present Wort...

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

... George M. Valuation : maximizing corporate value / George M. Norton III. p. cm. Includes index. ISBN Bookz 0-471-3 865 4-5 (cloth : alk. paper) I. Management. 2. Strategic planning. 3. Corporate ... the Framework 187 Summary 188 Endnotes 190 Epilogue 191 Index 193 Contents xiii Valuation Maximizing Corporate Value GEORGE M. NORTON III John Wiley & Sons, Inc. Finally, I w...

Ngày tải lên: 14/08/2014, 09:21

... applied to the Year 0 revenue number (1000 increasing by 6% = 1 060 ), the Year 1 projected revenue is generated. By increasing this number again by 6% , the Year 2 projected revenue is gener- ated. The ... average annual percentages above creates five-year cash flow projections. Exhibit 2.2 46 CALCULATE CURRENT VALUE ... fiscal year’s revenues and the five-year annual averages for: ■ P...

Ngày tải lên: 14/08/2014, 09:21

... the upcoming five years (Years 1 through 5). Additionally, hiring costs in Year 1 will make this value five, not four. The second strategy is to double university research grants. These grants ... historical average. QUANTIFY THE SELECTED STRATEGIES Determining the overall impact on the Revised Case value of achieving the selected objectives by executing their respective strategies requir...

Ngày tải lên: 14/08/2014, 09:21

... George M. Valuation : maximizing corporate value / George M. Norton III. p. cm. Includes index. ISBN Bookz 0-471-3 865 4-5 (cloth : alk. paper) I. Management. 2. Strategic planning. 3. Corporate ... Title. HD30.28.N677 2003 65 8.4'012—dc21 2002011 161 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

... 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 ... this number (e.g., highest area = 60 points, next area = 45 points, third area = 30 points, so highest area = 60 /60 = 100%, next area = 45 /60 = 75%, third area = 30 /60 = 50%). T...

Ngày tải lên: 14/08/2014, 05:21