This book is about championing a move away from simply evaluating physical assets to understanding and evaluating the intangible value of an entity. It means moving beyond economic theory to reprioritise and change the organisation so that further value can be created via processes, systems, measures, skills, knowledge and strategy. It is also about mapping the intangible value chain.
The book looks at value networks and, using real-life projects asks questions such as:
- What do company value networks look like
- How are they used to create value
- How can one ‘value’ the value chain
- What lessons can be learnt from companies with high value networks as opposed to companies with low value networks
- What is the impact on finance disciplines, processes, measures, systems and skills.
These answers to these questions as provided by the case studies and interviews with CFOs from the companies involved will help to improve focus, improve shareholder value, improve transparency – both internally and externally – cut waste in the current decision support structure and prevent inadequate decision making and lost opportunity.
"My agenda for the future:
- Beating the competition on a sustainable basis, beating shareholder performance expectations
- Looking at the broader risk picture, from the sheer weight of regulation to the best possible growth environment
- Continuing to take out cost, looking again at outsourcing and opportunities for off-shoring."
—Nick Rose, CFO, Diageo
At a time when business horizons are broadening, regulatory pressures threaten to seriously impede – or even stifle – corporate growth. This raises some fundamental questions: How can CFOs simultaneously grow and innovate while effectively managing the regulatory pressures they face? How can they pursue the tremendous opportunities for expansion currently on the horizon while keeping a handle on complexity?
A timely strategic guide to the rapidly changing world of CFOs and their finance functions, this book explores the opportunities for:
- Leveraging the benefits of risk and regulation
- Balancing centralized control with frontline creativity
- Managing the value of intangibles – customers, brands, R&D
- Forging new support disciplines for decision making and global services
- Developing finance capabilities and skills for innovative business partnering
- Raising the bar for standards of corporate behavior, responsibility, and sustainability
Creating Value in a Regulated World is built around richly informative interviews with senior finance executives at more than 40 of the world's best-run companies, from GE and Proctor & Gamble in North America to Diageo and BP in Europe. Through their detailed descriptions of strategies and best practice, you’ll gain firsthand insight into how global leaders are responding to the biggest, most challenging issues on the finance agenda.
