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Description of
Financial Dynamics - A System for Valuing Technology Companies
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Decision-making in technology companies has grown exceedingly complex, risky and ad hoc. Finding the value of a managerial decision - be it the adoption of a new technology, the launch of a new product, a strategic alliance, branding, additional R&D expenditures or new factories - has never been as important, nor as challenging, as it is today. Behind every successful decision lies an intricate assortment of competencies, presumptions and objectives, all strongly influenced by the company's history and its ability to mould the future through strategy and technology choice.
Financial Dynamics responds to the challenge by laying out the structure, components and application of the Financial Dynamics system of valuation. It provides managers, investors and other stakeholders with an accurate, comprehensive tool, which answers the question, "what is the value of a technology product, project or firm?" The Financial Dynamics model will find widespread application to valuation as well as give the analyst an invaluable tool for finding the worth of a business whose core competencies are knowledge-intensive.
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Financial Dynamics - A System for Valuing Technology Companies
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Acknowledgments
Preface
1. The Language of Value
2. The End of Scarcity
3. Ideas in Motion
4. Value Maps
5. Ownership and Control
6. Financial Dynamics
7. Technology Statics
8. Technology Dynamics
9. Aggregating Forecasts into a Valuation
10. Fiscal Archeology
11.The Dark Side of Accounting
12. Managing the Real-time Company
Index
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Authobiography of
Christopher Westland
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J. CHRISTOPHER WESTLAND is Professor of Information Systems and Management at the University of Science & Technology in Hong Kong. He holds a BA in mathematics and an MBA in accounting, and received his PhD in information technology from the University of Michigan. Dr. Westland has professional experience in the US as a certified public accountant and as a consultant in information systems in the US, Europe, Latin America and Asia, and sits on the editorial boards of several of the leading academic journals in information technology. This is his third book; previously he has written Valuing Technology (Wiley 2002) and Global Electronic Commerce (MIT Press 2000). Dr. Westland is a sought after speaker and consultant who has consulted on valuation and technology strategy for Microsoft, Intel, Motorola, V-Tech, Aerospace Corporation, IBM, Pacific Bell, and other technology firms.
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