ENGLISH

Management Between Strategy and Finance

By Burkhard Schwenker , Klaus Spremann (auth.)

Book information

Publisher
Springer-Verlag Berlin Heidelberg
Year
2009
ISBN
3540852743, 9783540852742
DOI
10.1007/978-3-540-85275-9
LCC
HD30.23 .S39 2009
Open Library ID
OL23217730M
Language
english
Format
PDF
Filesize
1 MB (1264727 bytes)
Edition
1
Pages
325\320
Topic
Economy
Time added
2011-06-04 13:46:07
Management/Business for Professionals; Finance /Ba

Description

Companies' decision-making and planning systems find themselves in a constant tug of war between strategic and financial considerations. The authors analyze these two opposing currents in business thinking, dissecting their differences and identifying their best practices. They also develop an approach that reconciles the two conflicting schools of thought – without watering down their differences. They argue that both strategic and financial perspectives can serve as a compass in management's decision-making processes: Which perspective to choose depends on the phase the company finds itself in. The authors distinguish four phases in the company lifecycle – phases in which they must position themselves, develop, grow and, ultimately, earn. In the first two phases, strategic considerations should take priority; in the latter two phases, financial considerations rule the day.

Similar books