The Stress Test Every Business Needs: A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats

ISBN-13: 9781119417941 / Angielski / Twarda / 2018 / 272 str.

William Casey

Opis

Do better business, get better results The Stress Test Every Business Needs shows you how to optimize your business strategy to improve your results.

Recenzje

This collection of writings has the potential to be the rarest of all books - an instant classic. EY's team of partner-authors has produced what I consider to the first comprehensive book on all matters capital. In a world of transformative surprises a resilient capital agenda must be the goal of every C-Suite. Chapter by chapter the EY team addresses the various opportunities and threats a firm faces - from digital disruption to activist shareholders, acquisitions that must pay off, divestitures to release value from the business portfolio, and so many other topics of critical importance.Professor Tasadduq ShervaniCox School of BusinessSouthern Methodist UniversityStrategic capital allocation is the key to long term value creation and this book provides actionable insights into how to drive returns from high priority activities like complex acquisition integration and synergy capture.Mark LongChief Strategy Officer and Chief Financial OfficerWestern Digital Corporation

Spis treści

Acknowledgments

Chapter 1 How resilient is your Capital Agenda?
Jeffrey R. Greene

Chapter 2 Can your strategy thrive in a digital world?
Tony Qui and Glenn Engler

Chapter 3 How can you pre–empt activist shareholders?
Shyam Gidumal

Chapter 4 How should you restore a distressed company to health?
Andrew Wollaston and Donald Featherstone

Chapter 5 Are strategy, finance and operations integrated for optimal value creation?
Sharath Sharma and Daniel Burkly

Chapter 6 How can you get the most out of your advisors?
Giri Varadarajan and Aayush Tulsyan

Chapter 7 Do you understand the intrinsic value of your company, and how to manage it?
Daniel Burkly

Chapter 8 Are you allocating capital across the enterprise to reduce C–suite stress?
Jeffrey R. Greene

Chapter 9 Are your portfolio reviews timely, objective and thorough?
Jeffrey R. Greene and Jeff Wray

Chapter 10 Is tax planning a full partner in building resilience and driving value?
Bridget Walsh and Erica Lawee

Chapter 11 Do your acquisitions consistently pay off for shareholders?
Brian Salsberg

Chapter 12 Are you planning and executing divestments for maximum value?
Paul Hammes and Subin Baral

Chapter 13 Do your financing choices support flexibility and efficiency?
K.C. Brechnitz

Chapter 14 How well does your working capital management contribute to cash flow and earnings?
Sven Braun and Steve Payne

Chapter 15 Will your strategic goals ensure your company reaches its full potential?
William Achtmeyer and John Trustman

Glossary

Contributor Biographies

Index

O autorze

Jeffrey R. Greene
EY Global Transactions Leader, Life Sciences
Leader, Corporate Development Leadership Network

Jeff is the Global Transactions Leader for the EY Life Sciences Sector, and leads the organization s Corporate Development Leadership Network an invitation–only, permanent roundtable of the heads of M&A, strategy and inorganic growth at 40 of the largest companies in North America. With more than 35 years of transaction experience, he counsels executives on the financial implications of their strategic decisions. Jeff provides strategic valuation advice in divestitures, acquisitions, financings and restructurings. He is a recognized expert witness in federal, district, bankruptcy, and tax courts on valuation, fairness and solvency matters. Jeff has spoken, written and been quoted on portfolio management, valuation, solvency, due diligence and performance measurement.

Steve Krouskos
EY Global Vice Chair, TAS, EY Global Limited

Steve has more than 25 years of experience in M&A, advising corporate and private equity clients on multi–billion–dollar, cross–border transactions. Steve chairs the TAS Global Executive, and is a member of the EY global board. He is responsible for driving growth and investment priorities for TAS and delivering exceptional client service around the world. He played a pivotal role in the successful EY–Parthenon combination. He is also the senior advisory partner to several global EY accounts. Steve has served clients across a wide–range of industries spanning consumer products and retail, industrial products, life sciences, transportation and logistics, technology, communications, professional services and franchising.

Harsha Basnayake
EY Asia–Pacific Transactions Managing Partner

Harsha has more than 20 years of experience across Asia in advising clients on complex cross–border transactions, private and public sector capital decisions and building services for EY throughout the Asia–Pacific Region. His primary focus is in valuation, financial modeling, mergers and acquisitions, and restructuring. He helped to redefine EY s Transaction Advisory Services presence in Asia–Pacific, beginning in Singapore.

Prior to that, Harsha led Valuation and Business Modeling services in the Far East markets and was a member of EY s first Global Valuation and Business Modeling Steering Committee. He continues to be a practicing valuation professional for litigation disputes in international arbitrations and civil proceedings.  Harsha holds a number of professional affiliations and is the current Chairman of the Council of the Institute of Valuers and Appraisers of Singapore (IVAS).

Blurb

This collection of writings has the potential to be the rarest of all books – an instant classic.  EY s team of partner–authors has produced what I consider to the first comprehensive book on all matters capital. In a world of transformative surprises a resilient capital agenda must be the goal of every C–Suite. Chapter by chapter the EY team addresses the various opportunities and threats a firm faces from digital disruption to activist shareholders, acquisitions that must pay off, divestitures to release value from the business portfolio, and so many other topics of critical importance.

Professor Tasudduq Shervani
Cox School of Business
Southern Methodist University

 

Strategic capital allocation is the key to long term value creation and this book provides actionable insights into how to drive returns from high priority activities like complex acquisition integration and synergy capture.

Mark Long
Chief Strategy Officer and Chief Financial Officer
Western Digital Corporation