The strategic investment decision: evaluating opportunities in dynamic markets
"Brings together the latest techniques in financial investment appraisal with strategic vision."
Saved in:
| Main Authors: | , |
|---|---|
| Format: | Book |
| Language: | English |
| Published: |
London
Pitman
1996
|
| Edition: | 1. publ. |
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Summary: | "Brings together the latest techniques in financial investment appraisal with strategic vision." |
| Physical Description: | XIII, 210 S. graph. Darst. |
| ISBN: | 0273617796 |
Staff View
MARC
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Record in the Search Index
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| adam_text | CONTENTS
? Introduction xi
1 What is corporate strategy? 1
What is a strategic investment? 2
Decision making and the rational manager 4
Anatomy of a strategic decision 9
Corporate strategy and the purpose of business 10
The big strategic question 12
Aims and objectives of business enterprises 12
Last words on objectives 18
2 Strategic audit and the business environment:
how to carry out a strategic analysis 21
Strategic audit 22
Key areas to examine 24
Assessing opportunities and threats 28
Aspects of the business environment 31
Anticipating what might happen 39
Estimating ahead 40
Minimize the threats, maximize the opportunities 41
A commercial dilemma 41
3 The planning gap and strategic decisions 45
What is strategy? 46
Steps in choosing strategies 46
Last word on strategy 62
vii
THE STRATEGIC INVESTMENT DECISION
4 What needs to be forecast? 65
The nature of investment 66
Quantitative and qualitative information 66
Market research 70
Information needed for financial analysis 71
Estimating revenues 73
Forecasting techniques 75
Estimating costs 77
Estimating requirements for capital assets 78
Capital versus revenue expenditure 79
Conclusion 80
5 Carrying out the financial appraisal 83
The concept of return on investment 84
Investment appraisal techniques 87
Return on capital 88
Payback 91
Discounted cash flow 93
Conclusion 98
6 How do we cope with uncertainty? 101
Capital budgeting and risk 101
Measurement of risk 103
Payback 108
Estimating variation in expected cash flows 109
Scenario approach 109
Sensitivity analysis 110
Simulation 117
Adding probabilities to scenarios 118
Risk management 119
Wider issues 121
Appendix: the standard deviation 123
viii
Contents
7 What rate of return should we look for? 127
The required rate of return 128
The return to shareholders 130
The weighted average cost of capital 138
What should be done about inflation? 139
Taxation and other fiscal incentives 146
Conclusion 148
8 What else needs to be taken into account? 151
Management judgment 153
Keeping one s options open 155
The wider issues 159
Conclusion 164
Appendix: break even analysis 165
9 Does investment fit in with our strategic plan? 169
Strategic fit 171
Evaluation of the whole strategy 173
Shareholder value analysis 174
Case study 177
Conclusion 187
10 Strategic management in practice 189
Whose problem is it? 190
Where are we? 191
What will happen if we do nothing? 193
How might the business environment change? 193
Selecting strategic options 194
Strategic filtering 196
Taking the decision 197
Gaining commitment 198
Motivating 199
Post completion audit 200
ix
THE STRATEGIC INVESTMENT DECISION
How to get the project accepted 200
Case study 203
Conclusion 206
Bibliography 207
Index 208
x
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| any_adam_object | 1 |
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| classification_rvk | QP 720 |
| ctrlnum | (OCoLC)35107582 (DE-599)BVBBV010879234 |
| dewey-full | 658.15 |
| dewey-hundreds | 600 - Technology (Applied sciences) |
| dewey-ones | 658 - General management |
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| dewey-search | 658.15 |
| dewey-sort | 3658.15 |
| dewey-tens | 650 - Management and auxiliary services |
| discipline | Wirtschaftswissenschaften |
| edition | 1. publ. |
| format | Book |
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| id | DE-604.BV010879234 |
| illustrated | Illustrated |
| indexdate | 2024-07-09T18:00:26Z |
| institution | BVB |
| isbn | 0273617796 |
| language | English |
| oai_aleph_id | oai:aleph.bib-bvb.de:BVB01-007273715 |
| oclc_num | 35107582 |
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| owner | DE-703 |
| owner_facet | DE-703 |
| physical | XIII, 210 S. graph. Darst. |
| publishDate | 1996 |
| publishDateSearch | 1996 |
| publishDateSort | 1996 |
| publisher | Pitman |
| record_format | marc |
| spelling | Oldcorn, Roger Verfasser aut The strategic investment decision evaluating opportunities in dynamic markets Roger Oldcorn and David Parker 1. publ. London Pitman 1996 XIII, 210 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier "Brings together the latest techniques in financial investment appraisal with strategic vision." Investeringen gtt Strategische planning gtt Investments Decision making Strategisches Management (DE-588)4124261-0 gnd rswk-swf Investitionsentscheidung (DE-588)4162244-3 gnd rswk-swf Investitionsentscheidung (DE-588)4162244-3 s Strategisches Management (DE-588)4124261-0 s DE-604 Parker, David Verfasser aut HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007273715&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Oldcorn, Roger Parker, David The strategic investment decision evaluating opportunities in dynamic markets Investeringen gtt Strategische planning gtt Investments Decision making Strategisches Management (DE-588)4124261-0 gnd Investitionsentscheidung (DE-588)4162244-3 gnd |
| subject_GND | (DE-588)4124261-0 (DE-588)4162244-3 |
| title | The strategic investment decision evaluating opportunities in dynamic markets |
| title_auth | The strategic investment decision evaluating opportunities in dynamic markets |
| title_exact_search | The strategic investment decision evaluating opportunities in dynamic markets |
| title_full | The strategic investment decision evaluating opportunities in dynamic markets Roger Oldcorn and David Parker |
| title_fullStr | The strategic investment decision evaluating opportunities in dynamic markets Roger Oldcorn and David Parker |
| title_full_unstemmed | The strategic investment decision evaluating opportunities in dynamic markets Roger Oldcorn and David Parker |
| title_short | The strategic investment decision |
| title_sort | the strategic investment decision evaluating opportunities in dynamic markets |
| title_sub | evaluating opportunities in dynamic markets |
| topic | Investeringen gtt Strategische planning gtt Investments Decision making Strategisches Management (DE-588)4124261-0 gnd Investitionsentscheidung (DE-588)4162244-3 gnd |
| topic_facet | Investeringen Strategische planning Investments Decision making Strategisches Management Investitionsentscheidung |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=007273715&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
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