Finance for Strategic Decision-Making: What Non-Financial Managers Need to KnowISBN: 978-0-7879-6517-4
Hardcover
320 pages
April 2004, Jossey-Bass
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Finance for Strategic Decision Making demystifies and
clarifies for non-financial executives the basics of financial
analysis. It shows how they can make important financial decisions
that can critically enhance their institution’s ability to
respond to competitive challenges, undertake new projects, overcome
financial setbacks, and most importantly, create shareholder value.
Written by M. P. Narayanan and Vikram K. Nanda—two of the
country’s leading authorities on financial
strategy—this book offers a practical guide for using
financial analysis to enhance strategicdecision making. The book
includes a coherent framework that outlines practical and
intellectually sound guidance for executives who must make
strategic decisions. Finance for Strategic Decision Making
- Explains the role of finance in corporate strategy
- Offers guidance on resource allocation decisions
- Explores how to determine the right balance of debt and equity capital to maximize firm value
- Demonstrates how to use payout policy as a strategic tool
- Clarifies if a merger, acquisition, or divestiture is in the best interest of an organization
- Shows how to manage risk
Reveals how to measure value created and the effectiveness of upper level management
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