Apply valuation principles to complex corporate finance scenarios, including portfolio strategy, mergers and acquisitions, capital structure, and industry-specific challenges. Develop the ability to use valuation insights for strategic management and investor communication.
This module explores how companies can maximize value through strategic portfolio management, focusing on the concept of 'best ownership' and the dynamic processes of acquiring, developing, or divesting businesses. Learners will examine the myths and realities of diversification, analyze case studies from both developed and emerging markets, and gain tools for making informed corporate strategy decisions.
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1个视频7篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
7篇阅读材料•总计41分钟
Introduction•6分钟
What Makes an Owner the Best?•6分钟
Better Insight and Foresight•6分钟
Dynamic Portfolio Management•6分钟
The Myth of Diversification•6分钟
Conglomerates in Emerging Markets•9分钟
Summary•2分钟
1个作业•总计16分钟
Strategic Management of Corporate Portfolios•16分钟
Strategic Management: Analytics
第 2 单元•小时 后完成
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This module explores how organizations can leverage analytics to inform strategic management decisions, focusing on understanding and applying value drivers to monitor and enhance business performance. Learners will discover how to set effective targets, allocate resources across the enterprise, and use key performance metrics to drive long-term value creation.
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1个视频6篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
6篇阅读材料•总计37分钟
Introduction•6分钟
Taking the Enterprise View•6分钟
Applying Value Drivers to Monitor Performance•11分钟
Understanding Value Drivers Pays Benefits•7分钟
Setting Targets•4分钟
Monitoring Results•3分钟
1个作业•总计16分钟
Strategic Management and Value Creation•16分钟
Strategic Management: Mindsets and Behaviors
第 3 单元•小时 后完成
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This module explores the essential mindsets and behaviors that drive effective strategic management, focusing on decision-making processes, overcoming cognitive biases, and aligning organizational processes for optimal performance. Learners will gain practical tools to identify and mitigate biases, ensure the right people are making key decisions, and synchronize planning with performance management.
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1个视频6篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
6篇阅读材料•总计29分钟
Introduction•6分钟
The Right Decision Makers•5分钟
Debiased Decision Making•5分钟
Confirmation Bias and Excessive Optimism•4分钟
Synchronized and Streamlined Processes•4分钟
Review Performance, Repeat•5分钟
1个作业•总计16分钟
Strategic Management and Organizational Behavior•16分钟
Mergers and Acquisitions
第 4 单元•小时 后完成
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This module explores the strategic, financial, and operational aspects of mergers and acquisitions, focusing on value creation, empirical findings, and common pitfalls. Learners will examine different acquisition strategies, assess the challenges of estimating cost savings, and understand the characteristics of successful acquirers. Practical insights are provided to help evaluate and implement effective M&A decisions.
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1个视频10篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
10篇阅读材料•总计54分钟
Introduction•5分钟
Empirical Results•7分钟
Archetypes for Value-Creating Acquisitions•6分钟
Exploit a Business's Industry-Specific Scalability•6分钟
Buy Cheap•4分钟
Estimating Cost and Capital Savings•6分钟
Implementation Costs, Requirements, and Timing•6分钟
Focus on Value Creation, Not Accounting•4分钟
Characteristics of Better Acquirers•6分钟
Reassessing Performance Improvement Targets•4分钟
1个作业•总计16分钟
Mergers and Acquisitions Fundamentals•16分钟
Divestitures
第 5 单元•小时 后完成
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This module explores the strategic, financial, and operational considerations involved in divesting business units. Learners will examine the motivations behind divestitures, the risks of holding underperforming assets, and the legal and regulatory challenges that can arise. The module also covers methods for assessing value and executing public transactions.
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1个视频7篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
7篇阅读材料•总计35分钟
Introduction•6分钟
The Costs of Holding On•4分钟
Why Executives Shy Away from Divestitures•4分钟
Assessing Potential Value from Divestitures•6分钟
Legal and Regulatory Barriers•5分钟
Public Transactions•7分钟
Summary•3分钟
1个作业•总计16分钟
Divestiture Strategies and Outcomes•16分钟
Capital Structure, Dividends, and Share Repurchases
第 6 单元•小时 后完成
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This module explores the key decisions involved in shaping a company's financial structure, including determining optimal debt and equity levels, and strategies for returning cash to shareholders. Learners will examine practical frameworks for capital structure, analyze payout methods such as dividends and share repurchases, and consider the role of hybrid financing and divestitures. By the end, participants will be equipped to assess and implement effective financial policies for value creation.
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1个视频10篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
10篇阅读材料•总计55分钟
Introduction•6分钟
A Four-Step Approach•5分钟
Step 4: Decide on a Surplus Payout and Deficit Financing•5分钟
Evidence on Debt/Equity Trade-Offs•4分钟
Credit Ratings and Target Capital Structure•7分钟
Payouts to Shareholders•5分钟
Share Repurchases•9分钟
Extraordinary Dividends•4分钟
Divestitures of Noncore Businesses•6分钟
Hybrid Financing•4分钟
1个作业•总计16分钟
Capital Structure and Dividend Decisions•16分钟
Investor Communications
第 7 单元•小时 后完成
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This module explores the principles and practices of effective investor communications, including how to segment investors, tailor messaging, and foster transparency. Learners will examine the impact of intrinsic versus market value, the benefits of open disclosure, and strategies for engaging with different investor groups. The module also covers best practices for listening to investors and alternatives to traditional earnings guidance.
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1个视频9篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
9篇阅读材料•总计48分钟
Introduction•4分钟
Intrinsic Value vs. Market Value•6分钟
Investor Segmentation by Strategy•5分钟
Targeting Communications by Segment•5分钟
Communicating with Intrinsic Investors•5分钟
Benefits of Transparency•7分钟
Listening to Investors•6分钟
An Alternative to Earnings Guidance•6分钟
When Companies Meet or Beat the Consensus Forecast•4分钟
1个作业•总计16分钟
Investor Communication and Financial Strategy•16分钟
Emerging Markets
第 8 单元•小时 后完成
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This module explores the unique challenges and methodologies for valuing companies in emerging economies. Learners will gain practical skills in estimating cost of capital, applying scenario-based discounted cash flow (DCF) analysis, and triangulating valuations using multiple approaches. Special emphasis is placed on accounting for country-specific risks and capital structures.
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1个视频6篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
6篇阅读材料•总计32分钟
Introduction•8分钟
Applying the Scenario DCF Approach•5分钟
Estimating Cost of Capital in Emerging Markets•6分钟
Estimating Capital Structure and WACC•5分钟
Triangulating Valuation•5分钟
Summary•3分钟
1个作业•总计16分钟
Financial Analysis in Emerging Markets•16分钟
High-Growth Companies
第 9 单元•小时 后完成
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This module explores the unique challenges and strategies involved in valuing high-growth companies, focusing on forecasting, connecting future projections to current performance, and managing uncertainty. Learners will gain practical tools for applying valuation principles to rapidly evolving businesses and markets.
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1个视频3篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
3篇阅读材料•总计22分钟
Introduction•14分钟
Work Backward to Current Performance•4分钟
Uncertainty Is Here to Stay•4分钟
1个作业•总计16分钟
Valuation and Growth Strategies for High-Growth Businesses•16分钟
Cyclical Companies
第 10 单元•29分钟 后完成
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This module explores the unique characteristics of companies whose earnings fluctuate in predictable cycles, such as those in the steel and airline industries. Learners will discover why these fluctuations occur and how to approach valuing such companies using probabilistic, scenario-based methods. By the end, you'll be equipped to better understand and assess cyclical businesses.
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1个视频2篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
2篇阅读材料•总计12分钟
Introduction•6分钟
An Approach to Valuing Cyclical Companies•6分钟
1个作业•总计16分钟
Cyclical Industry Dynamics and Valuation Strategies•16分钟
Banks
第 11 单元•小时 后完成
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This module explores the complexities of valuing banks, focusing on the unique challenges posed by their financial structures and regulatory requirements. Learners will examine methods such as equity cash flow analysis, economic spread evaluation, and the impact of risk-weighted assets. The module also highlights the importance of understanding value drivers across diverse banking activities.
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1个视频8篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
8篇阅读材料•总计40分钟
Introduction•6分钟
Other Income•5分钟
Analyzing and Forecasting Equity Cash Flows•4分钟
Pitfalls of Equity DCF Valuation•5分钟
Economic-Spread Analysis•5分钟
Economic Spread vs. Net Interest Income•6分钟
Risk-Weighted Assets and Equity Risk Capital•5分钟
Value Drivers for Different Banking Activities•4分钟
1个作业•总计16分钟
Banking Operations and Financial Management•16分钟
Flexibility
第 12 单元•小时 后完成
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This module explores how managerial flexibility impacts business valuation, especially under uncertainty. Learners will examine methods such as decision tree analysis and real-option valuation to assess investment opportunities and understand the value drivers behind flexible decision-making. Practical examples illustrate how to apply these techniques to real-world projects.
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1个视频9篇阅读材料1个作业
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1个视频•总计1分钟
Overview•1分钟
9篇阅读材料•总计53分钟
Introduction•6分钟
Uncertainty, Flexibility, and Value•5分钟
What Creates Flexibility Value•7分钟
Methods for Valuing Flexibility•6分钟
Comparing ROV and DTA Approaches•8分钟
Four Steps to Valuing Flexibility•8分钟
Real-Option Valuation and Decision Tree Analysis: A Numerical Example•6分钟
ROV Approach: Technological and Commercial Risk•4分钟
Summary•3分钟
1个作业•总计16分钟
Evaluating Flexibility in Investment Decisions•16分钟
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