The Handbook of Advanced Business Valuation

The Handbook of Advanced Business Valuation
Author: Robert F. Reilly
Publsiher: McGraw Hill Professional
Total Pages: 512
Release: 1999-09-15
ISBN: 9780071379038
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Handbook of Advanced Business Valuation Book Excerpt:

International cost of capital...blockage discounts . . . valuation issues unique to ESOPs...specific valuation issues for sports teams...capital structure in emerging growth companies...methods for calculating equity risk premiums...These days, understanding the complex issues in advanced business valuation requires a team of experts. The HANDBOOK OF ADVANCED BUSINESS VALUATION is your team of valuation experts—nationally recognized practitioners and legal minds from across the country who provide authoritative answers and innovative solutions to your most perplexing valuation questions. Structured in a user-friendly, general-to-specific arrangement, The HANDBOOK OF ADVANCED BUSINESS VALUATION represents a broad cross section of the latest conceptual thinking on the subject. Only in this thought-provoking volume will you find: Abstracts and interpretations of recent empirical studies in lack of marketability, blockage, and more; In-depth treatment of specialized valuation issues from many industries—including healthcare, technology, and sports franchises; Lucid, intuitive explanations of complex and esoteric procedures for intercompany transfer pricing analyses and ad valorem property tax appraisals. Like its predecessor volume VALUING A BUSINESS—which covered basic business valuation concepts and practices in authoritative, all-encompassing fashion—The HANDBOOK OF ADVANCED BUSINESS VALUATION provides a new benchmark of advanced, contemporary discussions for investors and experienced business valuation practitioners. Valuation experts from PricewaterhouseCoopers, Ernst & Young, Willamette Management Associates, Arthur Andersen, American Appraisal Associates, and more combine their expertise in this well-written, thoughtful, and convincing reference—one with absolutely no close rival in the flourishing field of business valuation and security analysis.

Business Valuation For Dummies

Business Valuation For Dummies
Author: Lisa Holton,Jim Bates
Publsiher: John Wiley & Sons
Total Pages: 368
Release: 2009-04-22
ISBN: 0470523387
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Business Valuation For Dummies Book Excerpt:

Buying or selling a business? Acquire the tools and learn the methods for accurate business valuation Business valuation is the process of determining the value of a business enterprise or ownership interest. Business Valuation For Dummies covers valuation methods, including advice on analyzing historical performance, evaluating assets and income value, understanding a company's financial statements, forecasting performance; estimating the cost of capital; and cash flow methods of valuation. Written in plain English, this no-nonsense guide is filled with expert guidance that business owners, managers at all levels, investors, and students can use when determining the value of a business. It contains a solid framework for valuation, including advice on analyzing historical performance, evaluating assets and income value, understanding a company's financial statements, estimating the cost of capital, business valuation models, and how to apply those models to different types of businesses. Business Valuation For Dummies takes you step-by-step through the business valuation process, explaining the major methods in an easy-to-understand manner with real-world examples. Inside you’ll discover: The value of business valuation, including when it’s necessary div style="margin: 0px; padding: 0px; user-select: text; -webkit-user-drag: none; -webkit-tap-highlight-color: transparent; font-family: 'Segoe UI', 'Segoe UI Web', Arial, Verdana, sans-serif; font-size: 12px;" div style="margin: 0px; padding: 0px; user-select: text; -webkit-user-drag: none; -webkit-tap-highlight-color: transparent; position: relative;"

The Art of Business Valuation

The Art of Business Valuation
Author: Gregory R. Caruso
Publsiher: John Wiley & Sons
Total Pages: 432
Release: 2020-08-20
ISBN: 1119606012
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Art of Business Valuation Book Excerpt:

Starting from the practical viewpoint of, “I would rather be approximately right than perfectly wrong” this book provides a commonsense comprehensive framework for small business valuation that offers solutions to common problems faced by valuators and consultants both in performing valuations and providing ancillary advisory services to business owners, sellers, and buyers. If you conduct small business valuations, you may be seeking guidance on topics and problems specific to your work. Focus on What Matters: A Different Way of Valuing a Small Business fills a previous void in valuation resources. It provides a practical and comprehensive framework for small and very small business valuation (Companies under $10 million of revenues and often under $5 million of revenues), with a specialized focus on the topics and problems that confront valuators of these businesses. Larger businesses typically have at least Reviewed Accrual Accounting statements as a valuation starting point. However, smaller businesses rarely have properly reviewed and updated financials. Focus on What Matters looks at the issue of less reliable data, which affects every part of the business valuation. You’ll find valuation solutions for facing this challenge. As a small business valuator, you can get direction on working with financial statements of lower quality. You can also consider answers to key questions as you explore how to value each small business. Is this a small business or a job? How much research and documentation do you need to comply with standards? How can you use cash basis statements when businesses have large receivables and poor cutoffs? Should you use the market method or income method of valuation? Techniques that improve reliability of the market method multiplier How might you tax affect using the income method with the advent of the Estate of Jones and Section 199A? Do you have to provide an opinion of value or will a calculation work? How do you calculate personal goodwill? As a valuation professional how can you bring value to owners and buyers preparing to enter into a business sale transaction? How does the SBA loan process work and why is it essential to current small business values? What is the business brokerage or sale process and how does it work? How do owners increase business value prior to a business sale? This book examines these and other questions you may encounter in your valuation process. You’ll also find helpful solutions to common issues that arise when a small business is valued.

Note Valuing a Business Acquisition Opportunity

Note  Valuing a Business Acquisition Opportunity
Author: William E. Fruhan
Publsiher: Unknown
Total Pages: 8
Release: 1993
ISBN: 1928374650XXX
Category: Corporations
Language: EN, FR, DE, ES & NL

Note Valuing a Business Acquisition Opportunity Book Excerpt:

Valuation Workbook

Valuation Workbook
Author: McKinsey & Company Inc.
Publsiher: John Wiley & Sons
Total Pages: 256
Release: 2020-09-01
ISBN: 1119611857
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Valuation Workbook Book Excerpt:

A vital companion to the bestselling guide to corporate valuation Valuation Workbook, 7th Edition is the ideal companion to McKinsey's Valuation, helping you get a handle on difficult concepts and calculations before using them in the real world. This workbook reviews all things valuation, with chapter-by-chapter summaries and comprehensive questions and answers that allow you to test your knowledge and skills. Useful both in the classroom and for self-study, this must-have guide is essential for reviewing and applying the renowned McKinsey & Company approach to valuation and reinforces the major topics discussed in detail in the book. Fully updated to align with the latest edition of Valuation, this workbook is an invaluable learning tool for students and professionals alike and an essential part of the McKinsey Valuation suite.

Accounting and Valuation Guide Valuation of Privately Held Company Equity Securities Issued as Compensation

Accounting and Valuation Guide  Valuation of Privately Held Company Equity Securities Issued as Compensation
Author: AICPA
Publsiher: John Wiley & Sons
Total Pages: 256
Release: 2016-10-31
ISBN: 1937352226
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Accounting and Valuation Guide Valuation of Privately Held Company Equity Securities Issued as Compensation Book Excerpt:

This new Guide has been developed by AICPA staff and the Equity Securities Task Force and is the first in a series of 3 NEW AICPA Accounting Valuation Guides to be released. This long anticipated release reflects best practices developed over the previous decade. Since the issuance of FASB ASC 718 and 505-50 in 2004, valuing stock-based compensation ("cheap stock") has been a significant challenge for private companies. This New Guide has been designed to mitigate those challenges. It brings you practical guidance and illustrations related to accounting, disclosures and valuation of privately held company equity securities issued as compensation. This guide includes: Evaluating private and secondary market transactions — What should companies do when transaction activity doesn't match their estimates of value? Adjustments for control and marketability — How should companies think about the value of the enterprise for the purpose of valuing minority securities? When is it appropriate to apply a discount for lack of marketability, and how should the estimated discount be supported? Highly leveraged entities — How should companies incorporate the fair value of debt in the valuation of equity securities? What is the impact of leverage on the expected volatility of various securities? The relevance of ASC 820 (SFAS 157) to cheap stock issues Updated guidance and illustrations regarding the valuation of, and disclosures related to, privately held company equity securities issued as compensation This Guide also provides expanded and more robust valuation material to reflect advances in the theory and practice of valuation since 2004. This edition includes guidance from FASB ASC 718, 505-50, 820-10 and SSVS 1 which were all issued since the last AICPA guidance dedicated to this issue.

Valuation of Equity Securities

Valuation of Equity Securities
Author: Geoffrey Poitras
Publsiher: World Scientific
Total Pages: 753
Release: 2010-06-30
ISBN: 9814295388
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Valuation of Equity Securities Book Excerpt:

Provides a treatment of academic and practitioner approaches to equity security valuation. This book challenges conventional academic wisdom surrounding the ergodic properties of stochastic processes, guided by historical and philosophical insights. It presents the implications of a general stochastic interpretation of equity security valuation.

The Art of Company Valuation and Financial Statement Analysis

The Art of Company Valuation and Financial Statement Analysis
Author: Nicolas Schmidlin
Publsiher: John Wiley & Sons
Total Pages: 264
Release: 2014-04-30
ISBN: 1118843053
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Art of Company Valuation and Financial Statement Analysis Book Excerpt:

The Art of Company Valuation and Financial Statement Analysis: A value investor’s guide with real-life case studies covers all quantitative and qualitative approaches needed to evaluate the past and forecast the future performance of a company in a practical manner. Is a given stock over or undervalued? How can the future prospects of a company be evaluated? How can complex valuation methods be applied in practice? The Art of Company Valuation and Financial Statement Analysis answers each of these questions and conveys the principles of company valuation in an accessible and applicable way. Valuation theory is linked to the practice of investing through financial statement analysis and interpretation, analysis of business models, company valuation, stock analysis, portfolio management and value Investing. The book’s unique approach is to illustrate each valuation method with a case study of actual company performance. More than 100 real case studies are included, supplementing the sound theoretical framework and offering potential investors a methodology that can easily be applied in practice. Written for asset managers, investment professionals and private investors who require a reliable, current and comprehensive guide to company valuation, the book aims to encourage readers to think like an entrepreneur, rather than a speculator, when it comes to investing in the stock markets. It is an approach that has led many to long term success and consistent returns that regularly outperform more opportunistic approaches to investment.

The Company Valuation Playbook

The Company Valuation Playbook
Author: Charles Sunnucks
Publsiher: Charles Sunnucks
Total Pages: 228
Release: 2021-04-13
ISBN: 1928374650XXX
Category: Business & Economics
Language: EN, FR, DE, ES & NL

The Company Valuation Playbook Book Excerpt:

Interested in investing? THE COMPANY VALUATION PLAYBOOK lifts the veil on how professionals go about valuing a company and its shares, bringing a technical subject to life in easy to understand steps. #1 - ASSESS - Learn how to make objective qualitative and quantitative judgements on a company’s prospects #2 - PROJECT - Develop a simple single line forecast, or full excel financial model (incl. an M&A/LBO/bank model) #3 - PRICE – Discover how to apply intrinsic and relative valuation methods #4 - PROFIT – Identify and act on opportunities, while avoiding behavioural biases Using this complete guide will help you develop from beginner to professional, equipping you with the practical tools to make objective well informed investment choices. For more details visit: www.companyvaluationplaybook.com REVIEWS ’A must-read for the aspiring investor’, Alexandra Altinger, CEO, J O Hambro ’Smart, methodical and practical’, Stephen Pearson, Chief Investment Officer, Jupiter Asset Management

Valuation

Valuation
Author: McKinsey & Company Inc.,Tim Koller,Marc Goedhart,David Wessels
Publsiher: John Wiley & Sons
Total Pages: 848
Release: 2015-08-17
ISBN: 111887370X
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Valuation Book Excerpt:

McKinsey & Company's #1 best-selling guide to corporate valuation, now in its sixth edition Valuation is the single best guide of its kind, helping financial professionals worldwide excel at measuring, managing, and maximizing shareholder and company value. This new sixth edition provides insights on the strategic advantages of value-based management, complete detailed instruction, and nuances managers should know about valuation and valuation techniques as applied to different industries, emerging markets, and other special situations. Valuation lies at the crossroads of corporate strategy and finance. In today's economy, it has become an essential role — and one that requires excellence at all points. This guide shows you everything you need to know, and gives you the understanding you need to be effective. Estimate the value of business strategies to drive better decision making Understand which business units a corporate parent is best positioned to own Assess major transactions, including acquisitions, divestitures, and restructurings Design a capital structure that supports strategy and minimizes risk As the valuation function becomes ever more central to long- and short-term strategy, analysts and managers need an authoritative reference to turn to for answers to challenging situations. Valuation stands ahead of the field for its reputation, quality, and prestige, putting the solutions you need right at your fingertips.

Buying and Selling Businesses

Buying and Selling Businesses
Author: William W. Bumstead,George D. Abraham
Publsiher: John Wiley & Sons Incorporated
Total Pages: 335
Release: 1998-03-09
ISBN: 1928374650XXX
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Buying and Selling Businesses Book Excerpt:

The secret of success in any business venture is in the details. In this book, a remarkably successful business consultant supplies all the information needed to expand a professional practice into this booming market. Bill Bumstead covers everything from business valuation to closing the deal and provides plenty of tips on marketing services, dealing with buyers and sellers, and avoiding industry pitfalls.

THE HANDBOOK OF BUSINESS VALUATION AND INTELLECTUAL PROPERTY ANALYSIS

THE HANDBOOK OF BUSINESS VALUATION AND INTELLECTUAL PROPERTY ANALYSIS
Author: Robert F. Reilly, Jr.,Robert Schweihs
Publsiher: McGraw Hill Professional
Total Pages: 662
Release: 2004-09-20
ISBN: 9780071429672
Category: Business & Economics
Language: EN, FR, DE, ES & NL

THE HANDBOOK OF BUSINESS VALUATION AND INTELLECTUAL PROPERTY ANALYSIS Book Excerpt:

Featuring the contributions of experts from leading valuation; accounting; investment banking; and law firms; this text provides a comprehensive review of contemporary valuation issues related to businesses; securities; and intellectual property. --

Business Valuation and Taxes

Business Valuation and Taxes
Author: David Laro,Shannon P. Pratt
Publsiher: Wiley
Total Pages: 576
Release: 2005-04-22
ISBN: 0471709956
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Business Valuation and Taxes Book Excerpt:

Disputes over valuation issues fill the court's dockets and for good reason, fair market valuations are required frequently by the law. The authors believe that approximately 243 sections of the Code and several thousand references in the Regulations explicitly require fair market value determination. Consequently, taxpayers file an estimated 15 million tax returns each year reporting an event involving a valuation related issue. It is no mystery, therefore, why valuation cases are ubiquitous. Today, valuation is an important and highly sophisticated process. Valuators need legitimate guidance to perform their work. The objective of this book is to provide knowledge, and guidance to those who do the valuations as well as those who are affected by them. This unprecedented text provides: Clear guidance and perspective on business valuation from two of the nation’s top authorities, Hon. David Laro and Dr Shannon Pratt. Insightful perspective and discussion on critical issues, procedures and law pertaining to business valuation. An overview of business valuation procedures Law and techniques of Fair Market Value Opinion from the Hon. David Laro and Dr. Shannon Pratt who express their unique and critical views. The business valuer with everything from the basics to the sophisticated. From definitions to valuing complex business interests, what you need to know about business valuation. Everything from empirical market evidence to credible expert business valuation testimony discussed and analyzed by the Hon. David Laro and Dr. Shannon Pratt.

Business Valuation and Federal Taxes

Business Valuation and Federal Taxes
Author: David Laro,Shannon P. Pratt
Publsiher: John Wiley & Sons
Total Pages: 482
Release: 2011-05-03
ISBN: 0470601620
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Business Valuation and Federal Taxes Book Excerpt:

Praise for Business Valuation and Federal Taxes Procedure, Law, and Perspective Second Edition "The Honorable David Laro and Dr. Shannon Pratt present a comprehensive primer on federal tax valuation controversies that will benefit both tax practitioners (attorneys and CPAs) and valuation practitioners. . . . It serves as a valued reference source and an introductory text for legal and valuation training." —Roger J. Grabowski, Duff & Phelps Corp. from the Foreword "[I]t is refreshing to see these two close observers of valuation issues collaborate on this intriguing volume. What the reader gets is something like a mural—depicting the life of a business appraisal from conception to preparation to the occasional ultimate use by a trier of fact." —Ronald D. Aucutt, Esq.McGuireWoods LLP, from the Foreword "This offering from Judge David Laro and Dr. Shannon Pratt fills in some persistent gaps in the business valuation literature, as well as a surprisingly fresh treatment of perennial themes." —John A. Bogdanski, Professor of LawLewis & Clark Law School, from the Foreword Straightforward guidance and perspective on business valuation from two of the nation's top authorities Written by Senior Judge David Laro and Shannon Pratt, both leading experts on the subject, Business Valuation and Federal Taxes, Second Edition provides a comprehensive overview of business valuation procedures. The new edition offers: Insightful perspectives of personal versus enterprise goodwill New materials on transfer pricing and customs valuations and how recent markets have affected both the income and market approaches Timely coverage of FAS 157 and its many changes to penalties and sanctions affecting both taxpayers and appraisers Exploration of new court cases Presenting knowledge and guidance to those who perform valuations as well as those who are affected by them, Business Valuation and Federal Taxes, Second Edition is the essential guide to federal taxes and valuation, and specifically valuations relating to business interests.

A Pragmatic Look at Valuation Collection

A Pragmatic Look at Valuation  Collection
Author: Barbara S. Petitt,Kenneth R. Ferris,George Chacko
Publsiher: FT Press
Total Pages: 433
Release: 2014-05-29
ISBN: 0133444015
Category: Business & Economics
Language: EN, FR, DE, ES & NL

A Pragmatic Look at Valuation Collection Book Excerpt:

A new collection of corporate finance best practices for establishing accurate valuations… 2 authoritative books, now in a convenient e-format, at a great price! 2 authoritative eBooks help you accurately value companies and assets for M&A, restructurings, and key corporate investments Valuation decisions can make or break the success of any merger, acquisition, restructuring, or large-scale corporate investment. Few areas of finance are so important -- or so challenging. This unique 2 eBook package brings together comprehensive and up-to-date guidance for arriving at valuations you can rely upon. Valuation: Methods and Models in Applied Corporate Finance is focused entirely on achieving useful results -- avoiding ivory-tower theory you don't need and elementary material you already know. George Chacko and Carolyn L. Evans present a 100% practical and rigorous approach to conducting valuation. Step-by-step, they address the projection of financial statements, calculating free cash flows, risk-adjusted cost of capital, and several leading methodologies, including WACC, flow-to-equity, and APV. Throughout, each concept is explained with realistic examples, and demonstrated with accessible math. No previous mathematical understanding is required beyond basic algebra, probability, and statistics: wherever more advanced math is required, the authors explain it fully. Next, in Valuation for Mergers and Acquisitions, Second Edition, Barbara S. Petitt and Kenneth R. Ferris present a complete, practitioner-oriented view of valuation in the context of M&A and corporate restructurings. Petitt and Ferris guide you through performing a target's financial review, developing forecasts, and assessing the sensitivity of these forecasts to key assumptions. You'll review both traditional and alternative valuation methods, from the basic P/E ratio to a wide range of discounted cash flow models, economic value analysis, and real option analyses. The authors also address closely-related issues such as accounting, financial reporting, and tax considerations. Throughout, you'll find realistic advice for making more informed choices, handling common dilemmas, and overcoming common errors -- all illuminated with real-world examples and illustrations. Whatever your role in establishing valuations or making corporate investment decisions, this collection will help you reduce your risks and improve your performance. From world-renowned valuation experts George Chacko, Carolyn L. Evans, Barbara S. Petitt, and Kenneth R. Ferris

Know and Grow the Value of Your Business

Know and Grow the Value of Your Business
Author: Tim McDaniel
Publsiher: Apress
Total Pages: 252
Release: 2013-02-26
ISBN: 1430247851
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Know and Grow the Value of Your Business Book Excerpt:

A woman looking to retire said to author and valuation expert Tim McDaniel, “I need to sell my business for $2.5 million to support my country club lifestyle.” The reality was that her business was worth $750,000. How could she have been so wrong? As McDaniel—a veteran of over 2,000 valuation engagements and dozens of M&A deals—knows all too well, most owners work in their businesses and not on their businesses. He has seen the look of surprise on client faces far too often: “It’s only worth that much?!” In the rush of day-to-day work and decisions, business owners sometimes forget that their business is an investment—and something they need to watch, nurture, and care for just as they would a valuable antique vase or painting. Know and Grow the Value of Your Business: An Owner's Guide to Retiring Rich shows readers how to develop the “investment mindset,” value the business, bolster that value and maximize the return on their investment, and, finally, exit the business either through a sale to outside parties or by passing it on to family or other business insiders. This information couldn’t be more important: Typically, 60–80% of a business owner’s wealth is tied up in the value of the business. This is their most important asset, but they usually guess at its value and have no concrete plan to increase it. That’s why this book shows: The importance of treating your ownership interest in a business as something deserving near-daily attention. How a company is valued, and how others outside the business view that value. Steps you can take immediately to increase the value of your business. The different kinds of potential buyers and what attracts them. How to remove yourself from the day-to-day work of the business to plan for a brighter future. How to exit the business on your terms. In short, this book helps business owners get the most for their business when they decide it’s time to move on. What you’ll learn The importance of treating your ownership interest in a business the same way you would treat the shares in your stock portfolio: “Like an Investment.” How a company is valued, using terms that business owners can understand. The ways you can increase the value of your business and how an outside buyer will view your company. Existing exit strategies, and the advantages and disadvantages of each. Why timing might be the most critical component of your exit strategy. How to begin the succession planning process and knowing the critical components of a good succession plan. Who this book is for Those with businesses with revenues up to about $30 million—90 percent of all business owners in the U.S., according to the United States Census Bureau. This amounts to over 12 million businesses in the United States alone. The principles the book espouses will be just as valid in countries besides the U.S. except for the tax advice author Tim McDaniel offers. Table of Contents Country Club Lifestyle The Investment Mindset Valuation Fundamentals Valuation Approaches Growing Your Value Selling Your Business The Hardest Step: Succession Planning Know Your Exit Options Know your Exit Strategy Time for Action Epilogue IRS Revenue Ruling 59-60 Sample Engagement Letter Sample Due Diligence Request Sample Family Business Creed AICPA Statement on Standards for Valuation Services No. 1

Cost of Capital

Cost of Capital
Author: Shannon P. Pratt
Publsiher: Unknown
Total Pages: 226
Release: 1998-05-25
ISBN: 1928374650XXX
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Cost of Capital Book Excerpt:

Cost of capital estimation has long been recognized as the most critical element in business valuation, capital budgeting, feasibility studies, and corporate finance decisions. Renowned author and valuation expert Shannon Pratt addresses the most controversial issues and thorny problems in estimating the cost of capital and offers sensible solutions.

Business Strategies and Value Chain Management

Business Strategies and Value Chain Management
Author: Lucas Wiedemann
Publsiher: Author House
Total Pages: 88
Release: 2013-04-24
ISBN: 1481786032
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Business Strategies and Value Chain Management Book Excerpt:

This book is an introduction to the complexity of business strategies and value chain management. It shows the variety of the different strategies and their importance in a company’s failure or success..

Cost of Capital Workbook

Cost of Capital Workbook
Author: Shannon P. Pratt
Publsiher: John Wiley & Sons
Total Pages: 168
Release: 2003-02-03
ISBN: 0471432628
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Cost of Capital Workbook Book Excerpt:

Value Focused Business Process Engineering a Systems Approach

Value Focused Business Process Engineering   a Systems Approach
Author: Dina Neiger,Leonid Churilov,Andrew Flitman
Publsiher: Springer Science & Business Media
Total Pages: 266
Release: 2008-12-16
ISBN: 0387095217
Category: Business & Economics
Language: EN, FR, DE, ES & NL

Value Focused Business Process Engineering a Systems Approach Book Excerpt:

One of the keys to successful business process engineering is tight alignment of processes with organisational goals and values. Historically, however, it has always been difficult to relate different levels of organizational processes to the strategic and operational objectives of a complex organization with many interrelated and interdependent processes and goals. This lack of integration is especially well recognized within the Human Resource Management (HRM) discipline, where there is a clearly defined need for greater alignment of HRM processes with the overall organizational objectives. Value-Focused Business Process Engineering is a monograph that combines and extends the best on offer in Information Systems and Operations Research/Decision Sciences modelling paradigms to facilitate gains in both business efficiency and business effectiveness.