Finance for Strategic Decision-Making: What Non-Financial Managers Need to Know
April 2004, Jossey-Bass
- Explains the role of finance in corporate strategy
- Offers guidance on resource allocation decisions
- Explores how to determine the right balance of debt and equity capital to maximize firm value
- Demonstrates how to use payout policy as a strategic tool
- Clarifies if a merger, acquisition, or divestiture is in the best interest of an organization
- Shows how to manage risk
Reveals how to measure value created and the effectiveness of upper level management
1. Finance and Corporate Strategy.
2. The Resource Allocation Decision.
3. Cost of Capital.
4. Capital Structure and Financing.
5. Payout Policy.
6. Mergers and Acquisitions.
8. Risk Management.
9. Performance Evaluation.
Vikram K. Nanda is associate professor of finance at the University of Michigan Business School.
This book is based on the author's course "Finance for Strategic Decision-Making" in the Michigan's Executive Education program
—Joao Luis Barroso, vice president, Portugal Telecom, Brazil
“M. P. and Vikram boil down thirty years of teaching
executives the subject of finance into an easy-to-read overview.
This book is ideal for someone ready to transform their finance
understanding from a point of unconnected concepts into a
fundamental framework of finance.”
—Mark Lund, Procter and Gamble Research & Development
“This is ‘must know’ stuff for leaders
stepping into the realm of corporate decision making. M. P.
Narayanan lays out a crystal-clear framework that I used to
substantially improve project selection and strategy
—Don McMonagle, former astronaut and director of strategy and development, Pratt & Whitney Space Propulsion
“M. P. Narayanan uses his engineering background to create
an educational ex perience that might be called ‘Applied
Finance.’ The book does not bog down the reader with
financial theories, but rather uses the context of real business
situations to bring to light the appropriate application of finance
—David C. Poirier, graduate, University of Michigan Executive MBA Class of 2003 graduate