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More About This Title The Real Options Solution: Finding Total Value ina High-Risk World
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English
Real options theory is based on the Nobel Prize--winning work on financial options, and has captured the interest of executives, managers, and investors who need to understand the future profitability of an asset. Originally developed to value technology initiatives and companies, the method is now being applied broadly across various businesses and industries. The Real Options Solution offers comprehensive coverage of the real options approach with a five-step framework and examples for applying the author's unique total value model based on real options analysis. This approach will help executives and investors minimize the risk of committing to new ventures and delivers a framework flexible enough to apply to business initiatives in all types of companies.
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English
- English
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PART ONE: A NEW PERSPECTIVE ON VALUE.
The Crisis in Valuation.
Economic Value: The DCF "Gold Standard" and its Limitations.
The Total Value Model.
Enter the Options Dragon.
Why Plans are Options.
PART TWO: THE SOURCE OF WEALTH: MASTERING RISK, INNOVATION, AND THE LAW OF DIMINISHING RETURNS.
Diminishing Returns: The Dusty Road to Devolution.
Five Millennia of Value Destruction.
Does Risk Deserve its Bad Name?
Taming the Risk Bogeyman.
The Enigma of Intellectual Capital.
Innovation: The Fountain of Prosperity.
Can Government Manage Risk and Value?
Epilogue.
Endnotes.
Index.
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English
Dr. Boer?s ideas about the economics and management of industrial R&D have had a significant impact. This novel and wonderfully written book provides a modern framework for the analysis of high-risk, high-reward endeavors, which include research and development. The methodology has great intellectual appeal: it integrates real options analysis and net present value analysis, thus capturing the traits of the ?new? and ?old? economies in the same analytical framework. This it does in a practical, pragmatic manner, suitable to real-life problems in opportunity (and risk) management. (L. Louis Hegedus, Senior Vice President, Research & Development, ATOFINA Chemicals, Inc.)
The Real Options Solution should be read by CEOs, investors, and anyone else interested in making sense of our markets and our economy. (Jeffrey E. Garten, Dean, Yale School of Management)
This book is exciting?[Boer has] taken an intellectually challenging subject and made it very interesting. (Jeffrey M. Lipton, President & CEO, NOVA Chemicals)