Number of Pages: 664
Publication Year: 2023
Binding Type: Hardcover
Edition: 1
Print Color: White
Dimensions (cm): 17×24
Weight (kg): 1.129
Barcode: 9789776563063

Weight: 1129 grams
Dimensions: 17 × 24 centimeters

Introduction

Not all CEOs, business managers, and CFOs have a deep understanding of value, although they need to fully comprehend it to perform their duties effectively and fulfill their responsibilities. This book provides the necessary understanding, reflecting its purpose as a guide for McKinsey Consultants. It is published for current and future managers who want their companies to create value as well as for their investors. It aims to demystify the field of valuation and clarify the links between strategy and finance. While it relies on leading academic thinking, it is essentially an educational book, intended to be used repeatedly.

The messages of the book are simple: Companies thrive when they create true economic value for their shareholders. Companies create value by investing capital at rates of return that exceed the cost of capital. These two truths apply across time and place, and this book explains why these fundamental principles of value creation are valid and how companies can increase value by applying them.