haku: @author Sharp, D. J. / yhteensä: 3
viite: 3 / 3
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| Tekijä: | Sharp, D. J. |
| Otsikko: | Uncovering the hidden value in high-risk investments |
| Lehti: | Sloan Management Review
1991 : SUMMER, VOL. 32:4, p. 69-74 |
| Asiasana: | INVESTMENT RISK INVESTMENT ANALYSIS FINANCIAL RISK UNCERTAINTY DECISION MAKING |
| Kieli: | eng |
| Tiivistelmä: | The threat to competitiveness lies not in selecting investments that turn out to be unprofitable, but in omitting very risky, but strategically vital ones. However, control systems penalize managers for accepting a venture that turns out to be unsuccessful. not for failing to undertake an investment that would have been very profitable. A framework is developed which provides new opportunities to the investment appraisal process, to identify options and value them approximately. It provides criteria by which managers can identify and investment's nebolous "strategic value" and consider uncertainty in an organized way. The decision making process is described and analyzed. An action checklist is also presented. |
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