Creating Financial Value: A Guide for Senior Executives with No Finance Background

Creating Financial Value is a book that explains how a firm creates financial value for senior managers who may lack formal financial training. It offers straightforward and practical advice to equip non-financial managers with the necessary knowledge to contribute fully to important discussions on policy and strategy and develop sound business proposals. It also punctures the myths surrounding 'shareholder value' and looks behind the finance jargon to define the boundaries between what a non-specialist should know and when it is good practice to seek the advice of financial specialists.

Format: Paperback / softback
Length: 248 pages
Publication date: 15 April 2021
Publisher: Bloomsbury Publishing PLC

This book provides a comprehensive guide for senior managers who may lack formal financial training in creating financial value for their organizations. It addresses the question of how many executives and managers can reach the top positions without extensive financial knowledge. While their expertise in other areas may have led to their appointment to the executive board, every board member is responsible for making informed decisions on financial actions that can significantly impact the company's value.

Creating Financial Value offers practical advice and insights to equip non-financial managers with the necessary knowledge to contribute effectively to policy and strategy discussions. It also empowers them to develop sound business proposals and critically evaluate the proposals of others. The book employs examples from various business disciplines to explain the concept of financial value creation in simple and digestible terms. It demystifies the often complex finance jargon and helps non-specialists understand the boundaries between what they should know and when it is advisable to seek the expertise of financial specialists.

Malcolm Allitt, a renowned expert in finance and governance, tackles the myths surrounding shareholder value and provides a clear framework for non-specialists to navigate the financial landscape. He outlines the essential knowledge that non-financial managers should possess and highlights when seeking external financial advice is appropriate. This book is a valuable resource for anyone from a non-financial background who desires to execute their increasingly broad responsibilities competently and confidently. It equips them with the tools and knowledge to make informed financial decisions and contribute to the overall success of their organizations.

Weight: 386g
Dimension: 154 x 234 x 23 (mm)
ISBN-13: 9781472992802