Business Portfolio Management: Valuation, Risk Assessment, and EVA Strategies
The Ultimate Guide to Applied Strategies for Managing Business Units and Portfolios Two of the most important business trends of recent years are increasing corporate acquisitions and managing business units as individual companies with a synergistic relationship to the parent company. Business Portfolio Management is an indispensable tool for corporate managers and strategists involved in these pursuits. This no-nonsense reference cuts through the competing claims and conventional wisdom to take a hard look at the realities of portfolio management. It provides the concepts and strategies necessary to create real strategic alternatives, estimate accurately the value of each alternative, and understand the risks involved in each. It supplies a framework for choosing between alternatives, for making tradeoffs between risks and opportunities, and for understanding how individual units in a portfolio will interact. From beginning to end, the concepts, techniques, and situations discussed in Business Portfolio Management are illustrated with detailed examples drawn from actual consulting engagements conducted by the author and his colleagues. These examples not only provide specific descriptions of how portfolio management concepts are implemented in the real world, they also give a real-world picture of the magnitude of value increases that are created through effective portfolio management.
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A Process for Portfolio Strategy Development
The Efficient Frontier
Getting Alternatives That Create Value
8 other sections not shown
alternative strategies analysis annual brand budget business units business-unit capital-intensive cash flow Chapter ChemTek choice company's competitors conglomerate corporate cost of capital CPG's create value current earnings current strategy cycle David Matheson dialogue process drill-bit business Eastman Eastman Kodak Economic value added efficient frontier employees evaluate example executives expand expected value film free cash flow GAAP growth Harold Geneen Harvard Business School Hewlett-Packard holder value identify implementation improve industry initiatives investment investors Kodak Litton Industries long-term market share measure MegaPharma ment million ness operations management opportunities pany percent chance phase plant portfolio companies portfolio strategy portfolio units potential primary chemical profits risk and return shareholder value short-term earnings shown in Figure step strat strategic agenda strategic alternatives strategic planning strategy development success template Super Bits tion tives trade-offs value and risk value creation value-creating