Financial and Process Metrics for the New Economy
Annotation The economics of business have changed -- forever! In the new economy of the Internet, light-speed work cycles, and "profitless" companies, traditional concepts such as "scarce resources" and "reliable forecasts" are generally irrelevant. So ... how can financial professionals measure the success of their businesses? This new book picks apart the assumptions of old-economy thinking and then presents bold approaches to the new-economy reality. Author James Sagner supplies readers with an insightful and detailed look at transaction finance and its component systems: financial metrics and process metrics. He also discusses the critical concept of the time value of money (TVM), giving readers a solid, yet dynamic model for financial assessment. Finally, the book examines what the new metrics reveal about the success/failure potential of various industries.