Description: The Stress Test Every Business Needs by Jeffrey R. Greene, Steve Krouskos, Julie Hood, Harsha Basnayake, William Casey Do better business, get better results The Stress Test Every Business Needs shows you how to optimize your business strategy to improve your results. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description Future-proof your business today for stronger performance tomorrow The Stress Test Every Business Needs: A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats provides a comprehensive approach to creating value and flexibility in an increasingly volatile business environment that presents both great risks and opportunities every day. The authors extend the banking "stress test" concept to a companys Capital Agenda — how executives manage capital, execute transactions and apply corporate finance tools to strategic and operational decisions. Having a static Capital Agenda, however appropriate for your current market position, is not enough in todays uncertain world. Long-term success comes from building resilience into each element and in the way those elements interact. The book uses a broader definition of business stress that includes traditional macroeconomic and geopolitical risks, as well as technological disruption, hostile takeovers and activist shareholders. Companies that make poor strategic decisions or underperform operationally will likely find themselves facing great stress. And that stress is symmetric; threats come from downside risks and from missed opportunities. The chapters address the how and why of essential issues such as: Formulating corporate strategy in a digital worldPre-empting activist shareholdersRestoring distressed companies to operational and financial healthEnsuring effective collaboration among strategy, finance and operationsGetting the most out of your advisorsProactively managing intrinsic valueRigorously allocating capital across the enterpriseAcquiring and divesting for optimum valueSyncing financing decisions with business strategy and capital market conditionsIncorporating tax planning throughout the Capital AgendaLiberating excess cash with leading working capital management practicesAligning strategic goals and metrics to reach your companys full potential Companies that develop strategy and set operational priorities with a balanced Capital Agenda are best positioned to control their own destiny. The Stress Test Every Business Needs provides a roadmap to future-proof your business today for stronger performance tomorrow. Back Cover PRAISE FOR THE STRESS TEST EVERY BUSINESS NEEDS "The authors have distilled decades of specialized experience into compelling recommendations for executives striving to create value in a volatile world. One reason why Ive worked with EY over the years is the depth of its bench, and I see a similar depth in the practical advice covered in this book." --Robert Nardelli, Founder, XLR-8, LLC, Former Chairman and CEO of The Home Depot and Chrysler "The books clarity and comprehensive coverage make it an excellent practitioners guide to strategic capital management, especially for CEOs and CFOs who usually have to learn these lessons on the job." --Richard S. Ruback, Willard Prescott Smith Professor of Corporate Finance, Harvard Business School "The authors expertly and succinctly detail how companies need to work, think and act differently to align their capital agenda to ensure profitable, sustainable growth--both organic and inorganic." --Nicholas Fanandakis, Executive Vice President, DowDuPont; Executive Vice President and Chief Financial Officer, DuPont "This insightful book deserves to be read by a wide audience. For C-suite executives it is a salutary reminder and checklist to analyse and adapt to the dynamic ways investors and competitors argue for and deliver shareholder value. Conversely, this is a substantial resource for finance professionals seeking to understand the common disparities between market and internal views. Highly recommended." --Andrew Baum, Managing Director and Global Head of Healthcare Research, Citigroup, Inc. "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 "This collaboration has the potential to be the rarest of books--an instant classic. The authors have produced what I consider to be a significant contribution to the discussion of all matters capital. In a world of transformative surprises a resilient Capital Agenda must be the goal of every C-suite. " --Professor Tasadduq Shervani, Cox School of Business, Southern Methodist University This vital resource synthesizes lessons from thousands of client engagements by EYs Transaction Advisory Services. Companies that formulate strategy and set operational priorities with a balanced Capital Agenda are best positioned to control their own destiny. The Stress Test Every Business Needs provides a roadmap to future-proof a business today for stronger performance tomorrow. For more information, see ey.com/capitalagenda Flap PRAISE FOR THE STRESS TEST EVERY BUSINESS NEEDS "The authors have distilled decades of specialized experience into compelling recommendations for executives striving to create value in a volatile world. One reason why Ive worked with EY over the years is the depth of its bench, and I see a similar depth in the practical advice covered in this book." --Robert Nardelli, Founder, XLR-8, LLC, Former Chairman and CEO of The Home Depot and Chrysler "The books clarity and comprehensive coverage make it an excellent practitioners guide to strategic capital management, especially for CEOs and CFOs who usually have to learn these lessons on the job." --Richard S. Ruback, Willard Prescott Smith Professor of Corporate Finance, Harvard Business School "The authors expertly and succinctly detail how companies need to work, think and act differently to align their capital agenda to ensure profitable, sustainable growth--both organic and inorganic." --Nicholas Fanandakis, Executive Vice President, DowDuPont; Executive Vice President and Chief Financial Officer, DuPont "This insightful book deserves to be read by a wide audience. For C-suite executives it is a salutary reminder and checklist to analyse and adapt to the dynamic ways investors and competitors argue for and deliver shareholder value. Conversely, this is a substantial resource for finance professionals seeking to understand the common disparities between market and internal views. Highly recommended." --Andrew Baum, Managing Director and Global Head of Healthcare Research, Citigroup, Inc. "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 "This collaboration has the potential to be the rarest of books--an instant classic. The authors have produced what I consider to be a significant contribution to the discussion of all matters capital. In a world of transformative surprises a resilient Capital Agenda must be the goal of every C-suite. " --Professor Tasadduq Shervani, Cox School of Business, Southern Methodist University This vital resource synthesizes lessons from thousands of client engagements by EYs Transaction Advisory Services. Companies that formulate strategy and set operational priorities with a balanced Capital Agenda are best positioned to control their own destiny. The Stress Test Every Business Needs provides a roadmap to future-proof a business today for stronger performance tomorrow. For more information, see ey.com/capitalagenda Author Biography JEFFREY R. GREENE Leader, Corporate Development Leadership NetworkJeff leads EYs Corporate Development Leadership Network—an invitation-only, permanent roundtable of the heads of M&A, strategy, and inorganic growth for 40 of the largest companies in North America. For more than three decades, Jeff has counseled senior executives on the corporate finance implications of their strategic and operating decisions. His previous roles include Global Vice Chair—Corporate Finance and Global Transactions Leader for Life Sciences. STEVE KROUSKOS EY Global Vice Chair, Transaction Advisory Services, EY Global LimitedSteve has more than 25 years of experience in M&A, advising corporate and private equity clients on multibillion-dollar, cross-border transactions. He chairs the TAS Global Executive and is a member of the EY global board. Steve is also the senior advisory partner for several global EY accounts. He serves clients across a wide-range of industries spanning consumer products, industrial products, life sciences, transportation, technology, and communications. JULIE HOOD EY Global Deputy Vice Chair, Transaction Advisory Services, EY Global LimitedJulie leads global teams to help companies solve their most pressing business challenges, and better manage their capital across five connected solutions of strategy, corporate finance, buying and integrating, selling and separating, and reshaping results. She has advised clients across a broad range of industries, establishing a deep level of operational transactional understanding of organizations in Asia, Europe, and the Americas. HARSHA BASNAYAKE EY Asia-Pacific Managing Partner, Transaction Advisory ServicesHarsha has more than 20 years of experience advising clients on complex cross-border transactions, as well as private and public sector capital decisions throughout the Asia-Pacific Region. His primary focus is in valuation, financial modeling, M&A, and restructuring. Harsha continues to be a practicing valuation professional and chairs the Council of the Institute of Valuers and Appraisers of Singapore. WILLIAM CASEY EY Americas Vice Chair, Transaction Advisory ServicesBill has 35 years of experience advising on capital strategy, mergers and acquisitions, spinoffs, IPOs, and securities offerings. As EYs Americas TAS leader and in prior roles, he has overseen a doubling of the practice to nearly 5,000 professionals. Bill has led some of EYs largest client engagements for multinational corporations and leading private equity firms in the US and Latin America. Table of Contents Chapter 1 How resilient is your Capital Agenda? 1Jeffrey R. Greene Chapter 2 Do you know the intrinsic value of your company and how to manage it? 17Daniel Burkly Chapter 3 Are you allocating capital across the enterprise to reduce C-suite stress? 33Jeffrey R. Greene Chapter 4 Are your portfolio reviews timely, objective, and thorough? 51Jeffrey R. Greene and JeffWray Chapter 5 Do your acquisitions consistently pay off for shareholders? 65Brian Salsberg Chapter 6 Are you planning and executing divestments for maximum value? 81Paul Hammes and Subin Baral Chapter 7 Do your financing choices support flexibility and efficiency? 101K.C. Brechnitz Chapter 8 How well does working capital management contribute to cash flow and earnings? 113Sven Braun and Steve Payne Chapter 9 Is tax a full partner in building resilience and driving value? 125Bridget Walsh and Erica Lawee Chapter 10 Are strategy, finance, and operations integrated for optimal value creation? 137Sharath Sharma and Daniel Burkly Chapter 11 How can you get the most out of your advisors? 151Giri Varadarajan and Aayush Tulsyan Chapter 12 Can your strategy thrive in a digital world? 169Tony Qui and Glenn Engler Chapter 13 How can you pre-empt activist shareholders? 185Shyam Gidumal Chapter 14 How should you restore a distressed company to health? 199Andrew Wollaston and Donald Featherstone Chapter 15 Will your strategic goals ensure your company reaches its full potential? 217William Achtmeyer and John Trustman Glossary 231 Contributor Biographies 237 About EY 249 Index 251 Long Description 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 Details ISBN1119417945 Publisher John Wiley & Sons Inc ISBN-10 1119417945 ISBN-13 9781119417941 Format Hardcover Imprint John Wiley & Sons Inc Place of Publication New York Country of Publication United States Year 2018 Media Book Subtitle A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats Pages 272 Short Title The Stress Test Every Business Needs Language English DEWEY 658.4012 Publication Date 2018-10-19 UK Release Date 2018-10-19 NZ Release Date 2018-09-05 Author William Casey Audience General US Release Date 2018-10-19 AU Release Date 2018-08-15 We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:101816026;
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ISBN-13: 9781119417941
Book Title: The Stress Test Every Business Needs
Number of Pages: 272 Pages
Publication Name: The Stress Test Every Business Needs: A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats
Language: English
Publisher: John Wiley & Sons Inc
Item Height: 232 mm
Subject: Business
Publication Year: 2018
Type: Textbook
Item Weight: 464 g
Author: Julie Hood, Jeffrey R. Greene, Steve Krouskos, Harsha Basnayake, William Casey
Item Width: 159 mm
Format: Hardcover
