The Differentiated Network Organizing Multinational Corporations for Value Creation or Financial Management

The Differentiated Network: Organizing Multinational Corporations for Value Creation

Author: Nitin Nohria

Discover a Breakthrough Model for MNCs

In a dynamic global economy, multinational corporations (MNCs) face certain competitive challenges that traditional, hierarchical hub and spoke organizations simply aren't geared to meet. But in this landmark work, Harvard Business School professor Nitin Nohria and London Business School Professor Sumantra Ghoshal present a viable alternative -- the differentiated network. Writing for managers seeking changes in their administrative systems that boost firm performance, and for academics engaged in research organization design, the authors detail how the competitive MNC can fully tap the value creation potential of its globally distributed capabilities.

Booknews

Based upon their case studies of nine multinational corporations (MNCs) and surveys of the CEOs of 63 North American and European MNCs, Nohria (Harvard Business School) and Ghoshal (London Business School) provide empirically-grounded organizational theory for how such corporations can flourish in the global economy. Building upon the product cycle theory of Vernon (1966), which proposes that the ability to innovate is the "raison d'etre" of MNCs, the authors contend that successful MNCs require intra- and inter-subsidiary differentiation and integration of values and functioning to optimize use of resources, foster knowledge exchange, and innovation<-->counter to traditional hierarchical organizations. Methodological appendix. Annotation c. by Book News, Inc., Portland, Or.

Book review: American Medical Association Guide to Home Caregiving or Weigh Less Live Longer

Financial Management

Author: Geoffrey Knott

Financial Management is the ideal course text for business and management undergraduates and MBA students taking an introductory module in Financial Management. The concise yet thorough style of the book makes it highly accessible for students coming to the subject for the first time. This thoroughly updated fourth edition contains many new and original features designed to reinforce student learning. The array of activities and questions integrated throughout each chapter encourage the student to engage with the subject. Learning objectives and summaries frame each chapter, guiding the student through the text. Complete with an answer section and suggestions for further reading.

Table of Contents:

Pt. I	Introducing financial management
1	The business objective and financial management	1
2	Financial analysis	14
Pt. II	Investment decisions
3	Investment appraisal - non-discounting	33
4	Investment appraisal - discounting	46
5	Investment appraisal - cash flow	63
6	Dealing with risk in investment decisions	74
7	Capital budgeting administration	99
Pt. III	Financial planning
8	Establishing the need for finance	113
9	Financial markets and the business organisation	124
10	Short- and medium-term finance	137
11	Finance for small and developing businesses	154
12	'Going public' and the securities market	163
13	Long-term finance for expansion	176
14	The financing decision	189
15	Cost of capital	201
Pt. IV	Share valuation and dividend policy
16	The investor and share valuation	221
17	Dividend policy and share valuation	236
Pt. V	External expansion
18	Business mergers	247
Pt. VI	Working capital management
19	Financing working capital	265
20	Controlling liquidity	274
21	Controlling stocks	283
22	Controlling debtors	291
Pt. VII	International trade and investment
23	Managing international trade and investment	305
App. A	Compound sum of [pound]1 (CVIF)	319
App. B	Present value of [pound]1 (PVIF)	322
App. C	Present value of an annuity of [pound]1 (PVIF[subscript a])	325
App. D	Sum of an annuity of [pound]1 for N periods (CVIF[subscript a])	328