Pages: 1358
Year of Publication: 2023
Binding Type: Cardboard
Edition Number: 1
Print Color: White
Dimensions (cm): 17×24
Weight (kg): 1.180
Barcode: 9789776563063

Weight: 1180 grams
Dimensions: 17 × 24 centimeters

Introduction

Not all CEOs, business managers, and financial directors possess a profound understanding of value, although they need to fully comprehend it to perform their duties effectively and fulfill their responsibilities. This book provides them with the necessary understanding. Originally intended as a guide for McKinsey consultants, it is now published for current and future managers who wish to create value for their companies and investors. The goal is to demystify the field of valuation and clarify the links between strategy and finance. While based on leading academic thinking, it primarily serves as an educational book that can be used repeatedly.

The book's messages are straightforward: Companies thrive when they create real economic value for their shareholders. Companies create value by investing capital at rates of return that exceed the cost of capital. These truths hold across time and place. This book explains why these core principles of value creation are valid and how companies can enhance value by applying them.