| Tekijä: | Clarke, C. J. |
| Otsikko: | Using finance for competitive advantage. |
| Lehti: | Long Range Planning
1988 : APR, VOL. 21:2, p. 63-69 |
| Asiasana: | CORPORATE STRATEGY FINANCIAL MANAGEMENT |
| Kieli: | eng |
| Tiivistelmä: | The reasons of the separation of financial strategy development from that of overall strategy are discussed. Financial strategy is found to be a good method of achieving competitive advantage even by firms not primarily driven by financial considerations. Elements of the strategy are outlined. The problem of optimum financing is discussed. Measures of the value of the firm are compared. The present value of net cash flows method is examined in detail. Sources of competitive advantage are connected to financial strategy. The introduction of a stronger financial dimension into overall strategy is proposed. Managerial implications are summarized. |
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