{"product_id":"wealth-creation-9780470488683","title":"Wealth Creation","description":"\u003cb\u003eBook Synopsis\u003c\/b\u003e\u003cbr\u003e*         A stockvaluation book by one of the leading market practitioners in thefield who created the company life-cycle framework for valuationknown as CFROI.\u003cbr\u003e\u003cbr\u003e\u003cb\u003eTable of Contents\u003c\/b\u003e\u003cbr\u003e\u003cp\u003ePreface xi\u003c\/p\u003e \u003cp\u003eAcknowledgments xvii\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 A Systems Mindset 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eHow We Know What We Think We Know 2\u003c\/p\u003e \u003cp\u003eThe PAK (Perceiving-Acting-Knowing) Loop 3\u003c\/p\u003e \u003cp\u003ePurposes 3\u003c\/p\u003e \u003cp\u003ePerceptions 4\u003c\/p\u003e \u003cp\u003eCause and Effect 6\u003c\/p\u003e \u003cp\u003eActions and Consequences 7\u003c\/p\u003e \u003cp\u003eFeedback 8\u003c\/p\u003e \u003cp\u003eKnowledge Base 9\u003c\/p\u003e \u003cp\u003eExamples of Systems Thinking and Problem Solving 10\u003c\/p\u003e \u003cp\u003eHigh-Reliability Organizations 10\u003c\/p\u003e \u003cp\u003eEli Goldratt, Business Theorist 12\u003c\/p\u003e \u003cp\u003eColonel John Boyd, Military Theorist 14\u003c\/p\u003e \u003cp\u003eCorrelation, Causality, and Control Systems 15\u003c\/p\u003e \u003cp\u003eSummary of Key Ideas 17\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 The Wealth-Creation System 19\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eThe Perception of Free-Market Capitalism 20\u003c\/p\u003e \u003cp\u003eThe Housing and Credit Crisis of 2008–2009 21\u003c\/p\u003e \u003cp\u003eGovernment Regulation and Unknown Risks 25\u003c\/p\u003e \u003cp\u003eThe Standard of Living 28\u003c\/p\u003e \u003cp\u003eSummary of Key Ideas 33\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 The Ideal Free-Market System 35\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eComponents of a Free-Market System 36\u003c\/p\u003e \u003cp\u003eConsumer Wealth, Producer Wealth, and Competition 39\u003c\/p\u003e \u003cp\u003eEfficiently Providing What Consumers Want 41\u003c\/p\u003e \u003cp\u003eSummary of Key Ideas 43\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 The Competitive Life-Cycle View of the Firm 45\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eCompetitive Life-Cycle Framework 45\u003c\/p\u003e \u003cp\u003eFirms’ Competitive Life Cycles and Dynamism 47\u003c\/p\u003e \u003cp\u003eCompany Examples 51\u003c\/p\u003e \u003cp\u003eEastman Kodak 53\u003c\/p\u003e \u003cp\u003eIBM 55\u003c\/p\u003e \u003cp\u003eDigital Equipment 58\u003c\/p\u003e \u003cp\u003eApple 59\u003c\/p\u003e \u003cp\u003eBethlehem Steel 62\u003c\/p\u003e \u003cp\u003eNucor 63\u003c\/p\u003e \u003cp\u003eKmart 67\u003c\/p\u003e \u003cp\u003eMedtronic 69\u003c\/p\u003e \u003cp\u003eWalgreen Company 71\u003c\/p\u003e \u003cp\u003eDonaldson Company 73\u003c\/p\u003e \u003cp\u003eLife-Cycle Observations 75\u003c\/p\u003e \u003cp\u003eSummary of Key Ideas 76\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 The Life-Cycle Valuation Model as a Total System 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEfficient Markets versus Behavioral Finance 80\u003c\/p\u003e \u003cp\u003eValuation Model Principles 81\u003c\/p\u003e \u003cp\u003eMeasurement Units 86\u003c\/p\u003e \u003cp\u003eForward-Looking, Market-Derived Discount Rates 89\u003c\/p\u003e \u003cp\u003eProblems with CAPM Cost of Capital 91\u003c\/p\u003e \u003cp\u003eImproving the Valuation Process 93\u003c\/p\u003e \u003cp\u003eInvestor Expectations: The Wal-Mart Example 96\u003c\/p\u003e \u003cp\u003eCritical Accounting Issues 99\u003c\/p\u003e \u003cp\u003eReply to Critics 102\u003c\/p\u003e \u003cp\u003eSummary of Key Ideas 104\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 6 Business Firms as Lean, Value-Added Systems 107\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eLean Thinking and PAK Loop Components 108\u003c\/p\u003e \u003cp\u003eKnowledge Base 108\u003c\/p\u003e \u003cp\u003ePurposes 111\u003c\/p\u003e \u003cp\u003ePerceptions 113\u003c\/p\u003e \u003cp\u003eCause and Effect 114\u003c\/p\u003e \u003cp\u003eActions and Consequences 115\u003c\/p\u003e \u003cp\u003eFeedback 116\u003c\/p\u003e \u003cp\u003eA Lean Transformation Example: Danaher 118\u003c\/p\u003e \u003cp\u003eSummary of Key Ideas 121\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 7 Corporate Governance 123\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eA Systems View for Corporate Governance 123\u003c\/p\u003e \u003cp\u003eCorporate Governance Needs Repair 124\u003c\/p\u003e \u003cp\u003eA Standard of Performance for Boards 127\u003c\/p\u003e \u003cp\u003eA Successful Cultural Transformation Example: Eisai Co., Ltd. 128\u003c\/p\u003e \u003cp\u003eShareholder Value Review 130\u003c\/p\u003e \u003cp\u003eValuation Model Selection 133\u003c\/p\u003e \u003cp\u003eValue-Relevant Track Records 135\u003c\/p\u003e \u003cp\u003eBusiness Unit Analyses 137\u003c\/p\u003e \u003cp\u003eReply to SVR Objections 138\u003c\/p\u003e \u003cp\u003eSVR as an Evolutionary Process 140\u003c\/p\u003e \u003cp\u003eSummary of Key Ideas 141\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 8 Concluding Thoughts 143\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eBenefits for Public Policy Makers 144\u003c\/p\u003e \u003cp\u003eBenefits for Business Managers 146\u003c\/p\u003e \u003cp\u003eBenefits for Investors 148\u003c\/p\u003e \u003cp\u003eNotes 153\u003c\/p\u003e \u003cp\u003eReferences 159\u003c\/p\u003e \u003cp\u003eAbout the Author 167\u003c\/p\u003e \u003cp\u003eIndex 169\u003c\/p\u003e","brand":"John Wiley \u0026 Sons Inc","offers":[{"title":"Default Title","offer_id":48864629719383,"sku":"9780470488683","price":43.12,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0817\/1739\/5799\/files\/9780470488683.jpg?v=1722272807","url":"https:\/\/bookcurl.com\/products\/wealth-creation-9780470488683","provider":"Book Curl","version":"1.0","type":"link"}