Value Maps: Valuation Tools That Unlock Business Wealth

401 Pages·2010·2.1 MB·English

by  Warren D. Miller

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Value Maps
VALUATION TOOLS THAT
UNLOCK BUSINESS WEALTH
Warren D. Miller
CFA, ASA, CPA
John Wiley & Sons, Inc.
E1BINDEX 04/14/2010 19:4:2 Page380
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Value Maps
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Value Maps
VALUATION TOOLS THAT
UNLOCK BUSINESS WEALTH
Warren D. Miller
CFA, ASA, CPA
John Wiley & Sons, Inc.
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LibraryofCongressCataloging-in-PublicationData:
Miller,WarrenD.,1943-
Valuemaps:valuationtoolsthatunlockbusinesswealth/WarrenD.Miller.
p.cm.
Includesindex.
ISBN978-0-470-43756-8(cloth)
1. Businessenterprises–Valuation. 2. Corporations–Valuation. I. Title.
HG4028.V3.M552010
0
658.155–dc22 2010004696
PrintedintheUnitedStatesofAmerica
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Contents
Preface xiii
Acknowledgements xix
AbouttheWebSite xxiii
ListofAcronyms xxv
PartI CORNERSTONES 1
Chapter I WhyaNewApproachIsNeeded 3
ValuationasCraft 5
TheStateofOurCraft 6
CauseandEffect:WhatandWhy 7
MultidisciplinaryToolsforAnalyzing
ValueCreation 8
ParametersofValuation 10
WhatWeKnowaboutRisk 11
ComponentsofRisk 12
AFrameworkforUnsystematicRisk 13
UnlockingBusinessWealth 16
Summary 17
AdditionalReading 17
Chapter 2 ToolsfromStrategicManagement 19
History 19
Perspective 22
ValuationTools 22
StrategicIntent 23
GenericCompetitiveStrategies 26
Resources 29
CompetitiveAnalysis 32
vii