Strategy, value and risk-the real options approach
reconciling innovation, strategy and value management
- ISBN: 9780333973462
- Editorial: Palgrave MacMillan
- Fecha de la edición: 2002
- Lugar de la edición: Hampshire. None
- Colección: Finance and Capital Markets
- Encuadernación: Cartoné
- Medidas: 24 cm
- Nº Pág.: 160
- Idiomas: Inglés
In the 1990s shareholder value was applied to all aspects of corporate strategy and management decisions as a result of intense competition, globalization, advances in technology, deregulation and the financial markets. As we enter the 21st Century the business environment is one of increasing creative destruction, where competitive advantage is much harder to sustain. Real Options, a type of advanced financial analysis, applies financial option theory to real assets and offers a strategic framework that recognizes the need for management flexibility and to leverage risk in this corporate environment. INDICE Introduction The Development of Strategy, Valuation and Measuring Risk Three Strategic DCF Case Studies Real Options Developments in Strategy Developments in Risk Management Quantifying Real Options Three Strategic Real Options Case Studies Conclusion and Practical Implications
