3 Review(s)

The thrust of this second edition of Strategic Financial Management book is on discussing the eight levers of value creation reflected in what the author calls the ‘Value Octagon,’ comprising strategy and business model; capital allocation; strategic financing decisions ; organizational architecture; cost management; corporate risk management; mergers, acquisitions and restructuring; and corporate governance.Salient Features:Enthused by the response to the first edition, the following has been added:• Appendix 4A: Competing with Ordinary Resources• Section 5.12: Five Principles of Capital Allocation• Section 5.13: Personality Traits and Capital Management• Appendix 6D: Magic of Securitization• Appendix 7A: Time to Dump Traditional Budgeting• Appendix 9C: A Practical Guide to Risk Management• Appendix 10C: Negotiation Ranges and Exchange Ratios• Appendix 10E: The ‘India Way’ of Managing Overseas Acquisitions• Appendix 10F: Archetypes for Value Creation• Section 11.12: Integrity• Section 11.13: Governance of Financial Institutions• Appendix 11B: How the Audit Committee Can Add Value• Appendix 11C: Seven Deadly Sins of Financial Reporting• Appendix 12A: EVA MomentumChapter 13 titled “Stellar Value Creators” has been updated and augmented with new sections on The Outsiders and Sustained Business Success.