This book is about championing a move away from simply evaluating physical assets to understanding and evaluating the intangible value of an entity. It means moving beyond economic theory to reprioritise and change the organisation so that further value can be created via processes, systems, measures, skills, knowledge and strategy. It is also about mapping the intangible value chain. This book looks at value networks and, using real-life projects carried out by companies such as Reuters, Microsoft and E-On, asks questions such as: What do company value networks look like How are they used to create value How can one value the value chain What lessons can be learnt from companies with high value networks as opposed to companies with low value networks What is the impact on finance disciplines, processes, measures, systems and skills. These answers to these questions as provided by the case studies and interviews with CFOs from the companies involved will help to improve focus, improve shareholder value, improve transparency both internally and externally cut waste in the current decision support structure and prevent inadequate decision making and lost opportunity.
Book Details:
- Author: Cedric Read
- ISBN: 9780470013533
- Year Published: 2006
- Pages: 396
- BISAC: BUS017000, BUSINESS & ECONOMICS/Corporate Finance / General
About the Book and Topic:
This book is about championing a move away from simply evaluating physical assets to understanding and evaluating the intangible value of an entity. It means moving beyond economic theory to reprioritise and change the organisation so that further value can be created via processes, systems, measures, skills, knowledge and strategy. It is also about mapping the intangible value chain. This book looks at value networks and, using real-life projects carried out by companies such as Reuters, Microsoft and E-On, asks questions such as: What do company value networks look like How are they used to create value How can one value the value chain What lessons can be learnt from companies with high value networks as opposed to companies with low value networks What is the impact on finance disciplines, processes, measures, systems and skills. These answers to these questions as provided by the case studies and interviews with CFOs from the companies involved will help to improve focus, improve shareholder value, improve transparency both internally and externally cut waste in the current decision support structure and prevent inadequate decision making and lost opportunity.
Although books have been written before for the CFO about shareholder value, the recent accounting scandals, and a myriad of technical financial concepts and standards, none have attempted to break with historical cost accounting tradition, and provide a coherent, integrated financial management philosophy based on shareholder value, incorporating both intangible (80% of total value) and tangible assets.
A major re-evaluation of financial management techniques which will provide a coherent, integrated financial management philosophy
About the Author
Cedric Read, (CRR Partners, Kent, UK) led the PricewaterhouseCoopers Finance Consulting Practice, where he was a finance strategy consultant for 25 years. During this time he advised hundreds of global CFOs, providing strategic consultancy to a range of large multinational companies including Unilever, Microsoft, Shell and GlaxoSmithKline. Through his company, CCR Partners, he continues to develop his vision of finances future. He is the lead author of three previous books: CFO: Architect of the Corporations Future; eCFO: Sustaining Value in the New Corporation; and CFO as Business Integrator.