Financial Management in Oil and Gas companies: Учебное пособие

This manual contains requirements to mastering level of Financial Management in Oil and Gas companies course contents, as well as training materials, practical examples and materials for students self-guided work

What if you were offered a new way to examine strategic management and business strategy, as well as a new way to integrate the existing theory under a new model? In recent decades, an amazing number of strategic management theories and models have been produced, but none that can synthesize all the existing theories—until now.

Offering an innovative strategic management solution for today's market, Strategic Value Management addresses common problems among business managers and other professionals involved in thinking about developing and managing organizations. Here, author Juan Pablo Stegmann introduces the strategy-value model, a revolutionary paradigm that streamlines strategic management and business strategy with stock value creation. Created by the author while working with McKinsey & Company on a strategic management/stock value creation problem for a large telephone and media conglomerate, Stegmann's unique strategy-value model integrates all strategic management and business strategy into a new standard that introduces key metrics to strategic management and stock value creation.

This original approach asserts that every strategy has a key dollar metric and proves that most complex business issues can be reduced to the three dimensions of stock value creation—profits, sales growth, and capital—and linked to three critical strategic management decisions: competition, innovation, and resources.

Proposing a comprehensive integration of thinking aimed at creating awareness of the full effects of managerial decisions, Strategic Value Management explores:

• How metrics help to apply critical thinking in strategic management
• Strategic planning and control, both the process and the final document
• How to build strategies with the goal of stock value creation
• Competitive strategies within industrial economics, and game theory
• How strategic management can be applied to non-business institutions
• The tools you need to develop organizational knowledge
• A new methodology to assess the firm's strengths, weaknesses, opportunities, and threats
• Why strategic management and business ethics are inextricably connected

With Stegmann's proven strategy-value model, you will be able to incorporate most advance theories in a couple of hours and reduce complex business cases into dynamic one-page summaries that link strategies with stock value creation.

Creating a straightforward and insightful new conceptual model for thinking about business strategy and its link to stock value creation, Strategic Value Management simplifies and modernizes strategic management by integrating disciplines such as industrial economics, game theory, transaction costs economics, agency theory, the resource view of the firm, knowledge management, and intellectual capital, so that the entire organization can develop unique resources toward the ultimate goal of higher stock value creation.

"John's book emphasizes the importance of understanding the dynamic nature of the decision process with insightful applications to issues of innovation, growth, and fiscal and monetary policy. This book should be required reading for any decision maker who wishes to understand the framework for decisions and the biases that we all have that may influence our choices."—Arthur B. Laffer, former advisor to President Reagan, coauthor of Return to Prosperity: How America Can Regain Its Economic Superpower Status

"While everywhere based on solid theory, this book is loaded with straightforward heuristics, or rules of thumb, for effective decision making that sweep away the academic gobbledygook that too often clouds forecasting and strategic decision making. In a refreshing commingling of economic principles with real-world business scenarios, Dr. Silvia unravels both the distorting biases and fallacies to which decision makers unwittingly fall prey. For practitioners interested in improving their decision-making skills and for students desiring to acquire them, this book should be a welcome companion."—Edward W. McLaughlin, Robert G. Tobin Professor of Marketing and Director, Undergraduate Program, Charles H. Dyson School of Applied Economics and Management, Cornell University

"With the experience of the Great Recession still fresh in our minds, it's easy to see how most economic problems are the result of intertwined systems. As John Silvia's Dynamic Economic Decision Making makes clear, successful decision making is a process, not an event. While most business texts are filled with complex formulas and abstract theories, what we have here is a balanced explanation that facilitates real-world analysis."—Kermit Baker, PhD, Senior Research Fellow, Joint Center for Housing Studies, Harvard University

"John Silvia's observations about the changes in the economy of the past fifty years are thought-provoking and challenge run-of-the-mill thinking. Rather than using the typical equations found in any macroeconomics textbook, Silvia examines the actual economic data that are used to evaluate the economy. Silvia does not provide the reader with a hammer in search of the perfect nail. He introduces several hammers, all of which can be used to make dynamic economic decisions."—William Davis, PhD, SPHR, Associate Dean of Working Professional Programs, Professor of the Practice of Management, Wake Forest University, Schools of Business

"Few experts understand the economy as much as John Silvia. This book offers a valuable piece of John's expertise that can help business leaders and investors navigate through the economy and the data in an increasingly uncertain world."—Steve Liesman, Senior Economics Reporter, CNBC

Innovative strategic management solutions for today's market Strategic Value Management addresses common problems among business managers and other professionals involved in thinking about developing and managing organizations. In it, author Juan Pablo Stegmann integrates all strategic management and business strategy into an innovative standard that introduces key metrics to strategic management and stock value creation. He argues that most complex business issues can be reduced to the three dimensions of stock value creation-profits, sales growth, and capital-that are linked to three critical strategic management decisions-competition, innovation, and resources. His new approach indicates that every strategy has a clear dollar metric, which can measure its consequences of the strategies in terms of stock value. Competitive and growth strategies are analyzed along with economic, financial, dynamic, and contingent approaches Includes a companion CD-ROM, which contains Stegmann's proven model for strategic management and stock value creation Ethical consequences of strategic decisions are introduced-showing how ethics are linked to long-term stock value creation Explains the roots of the current financial crisis by examining the link between the financial world and strategic management, and proposes possible solutions For any looking to enhance their understanding of this discipline, Strategic Value Management offers a new conceptual model for thinking about business strategy and its link to stock value creation. "A comprehensive analysis of the macroeconomic and financial forces altering the economic landscapeFinancial decision-making requires one to anticipate how their decision will not only affect their business, but also the economic environment. Unfortunately, all too often, both private and public sector decision-makers view their decisions as one-off responses and fail to see their decisions within the context of an evolving decision-making framework. In Decision-Making in a Dynamic Economic Setting, John Silvia, Chief Economist of Wells Fargo and one of the top 5 economic forecasters according to Bloomberg News and USA Today, skillfully puts this discipline in perspective. Details realistic, decision-making approaches and applications under a broad set of economic scenarios Analyzes monetary policy and addresses the impact of financial regulations Examines business cycles and how to identify economic trends, how to deal with uncertainty and manage risk, the building blocks of growth, and strategies for innovation Decision-Making in a Dynamic Economic Setting details the real-world application of economic principles and financial strategy in making better business decisions"-- Provided by publisher A comprehensive analysis of the macroeconomic and financial forces altering the economic landscape Financial decision-making requires one to anticipate how their decision will not only affect their business, but also the economic environment. Unfortunately, all too often, both private and public sector decision-makers view their decisions as one-off responses and fail to see their decisions within the context of an evolving decision-making framework. In Decision-Making in a Dynamic Economic Setting, John Silvia, Chief Economist of Wells Fargo and one of the top 5 economic forecasters according to Bloomberg News and USA Today, skillfully puts this discipline in perspective. Details realistic, decision-making approaches and applications under a broad set of economic scenarios Analyzes monetary policy and addresses the impact of financial regulations Examines business cycles and how to identify economic trends, how to deal with uncertainty and manage risk, the building blocks of growth, and strategies for innovation Decision-Making in a Dynamic Economic Setting details the real-world application of economic principles and financial strategy in making better business decisions. Annotation Research methods present the strategic management field with great opportunities and challenges. This second volume of Research Methodology in Strategy and Management includes three types of chapters. One set of chapters describes challenges and opportunities inherent in particular content areas, including resource-based theory, strategic groups research, entrepreneurship, real options, and the construct of performance. A second group of chapters examine key ontological and epistemological issues in the strategic management context, including the relationship between theory and method, the human side of research methods, and mixed-level research. A final group of chapters describe how strategy researchers can better use particular methods. These methods include meta-analysis, Internet-based surveys, and cognitive mapping techniques. Collectively, the chapters offer state of the art thinking about research methodology provided by intellectual leaders within the management field Research methods present the strategic management field with great opportunities and challenges. This second volume of Research Methodology in Strategy and Management includes three types of chapters. One set of chapters describes challenges and opportunities inherent in particular content areas, including resource-based theory, strategic groups research, entrepreneurship, real options, and the construct of performance. A second group of chapters examines key ontological and epistemological issues in the strategic management context, including the relationship between theory and method, the human side of research methods, and mixed-level research. A final group of chapters describes how strategy researchers can better use particular methods. These methods include meta-analysis, Internet-based surveys, and cognitive mapping techniques. Collectively, the chapters offer state of the art thinking about research methodology provided by intellectual leaders within the management field. Quantitative Methods For Finance And Investments Ensures That Readers Will Gain A Reasonable Degree Of Comfort And Proficiency In Applying Elementary Mathematics To Financial Analysis In A Variety Of Areas. All Of The Methodology In This Book Is Geared Toward The Development, Implementation, And Analysis Of Financial Models To Solve Problems Encountered By Both Finance Students And Practitioners.--jacket. 1. Introduction And Overview -- 2. A Review Of Elementary Mathematics: Functions And Operations -- 3. A Review Of Elementary Mathematics: Algebra And Solving Equations -- 4. The Time Value Of Money -- 5. Return, Risk, And Co-movement -- 6. Elementary Portfolio Mathematics -- 7. Elements Of Matrix Mathematics -- 8. Differential Calculus -- 9. Integral Calculus -- 10. Elements Of Options Mathematics -- App. A. Solutions To Exercises -- App. B. The Z-table. John L. Teall And Iftekhar Hasan. Includes Bibliographical References (p. [222]-223) And Index. This book examines the rapid deregulation and changing nature of Japan's financial marketplace as it emerges from its worst economic crisis since the end of the Second World War. The author focuses on how U.S. firms like Citibank, AIG, Merrill Lynch, GE Capital, Fidelity Investments, and American Express have made large investments and built strategic businesses in a market that was effectively closed to them only a few years ago. He also profiles Japan's major financial institutions, which are aggressively restructuring to defend their home turf from foreign competitors.Now that the economic crisis appears to be over, this exciting new book gives business students, scholars, and executives an in-depth analysis and understanding of the on-going transformation of the Japanese marketplace in banking, securities, insurance, asset management, mutual funds, and consumer credit. Quantitative Methods for Finance and Investments ensures that readers will gain a reasonable degree of comfort and proficiency in applying elementary mathematics to financial analysis in a variety of areas. All of the methodology in this book is geared toward the development, implementation, and analysis of financial models to solve problems encountered by both finance students and practitioners. The book: analyzes theoretical and practitioner-oriented models long with the mathematics required to construct them presents the most essential mathematical techniques and their applications to financial analysis provides dozens of practical applications, examples, and end-of-chapter exercises with detailed solutions demonstrates key spreadsheet applications of the mathematical models in chapter appendices emphasizes practical applications of modeling technique Despite its size and importance, a surprising lack of basic knowledge exists about the oil and gas industry. With their timely new book, authors Andrew Inkpen and Michael H. Moffett have written a nontechnical book to help readers with technical backgrounds better understand the business of oil and gas. They describe and analyze the global oil and gas industry, focusing on its strategic, financial, and business aspects and addressing a wide range of topics organized around the oil and gas industry value chain, starting with exploration and ending with products sold to consumers. The Global Oil & Gas Industry is a single source for anyone interested in how the business of the worlds largest industry actually business executives, students, government officials and regulators, professionals working in the industry, and the general public.

examining The Rapid Deregulation And Changing Nature Of Japan's Financial Marketplace As It Emerges From Its Economic Crisis, Banker And Consultant Harner Focuses On How, Since 1998, Us Firms Like Citibank, Aig, Merrill Lynch, Ge Capital, Fidelity Instruments, And American Express Have Made Large Investments And Built Strategic Businesses In A Market That Was Effectively Closed To Them Only A Few Years Ago. He Also Describes How The Major Native Financial Institutions Are Restructuring Aggressively To Defend Their Home Turf. Annotation C. Book News, Inc., Portland, Or

Wahlen/Baginski/Bradshaw is a balanced, flexible, and complete Financial Statement Analysis book that is written with the premise that students learn financial statement analysis most effectively by performing the analysis on actual companies. Students learn to integrate the concepts from economics, finance, business strategy, accounting, and other business disciplines through the integration of a unique six-step process.

The global oil and gas industry Nationalism, national oil companies, and the curse of oil Access, leasing, and exploration Developing oil and gas projects Production of oil and gas Fiscal regimes Financing and financial performance Natural gas Liquefied natural gas (LNG) The market for crude oil Transportation Refining Sales and marketing of petroleum products Petrochemicals The future of the global oil and gas industry. Strategic Value Management addresses common problems among business managers and students actively involved in thinking about stock value creation. The book creates a new conceptual model for thinking about business strategy and its link to stock value creation, which is compellingly simple and insightful. . Provides an explanation of financial statements with a practical approach to the analysis of an oil company. Tables, figures, worksheets and examples for analysis of virtually every aspect of an oil company are provided in detail. Financial quick-look techniques and rules of thumb are included. An examination of Japan's rapid financial deregulation and changing financial marketplace as the country grapples with its economic crisis. It focuses on how US firms like Citibank, AIG and Fidelity Investments are making large investments and building strategic businesses as a result. A single source for anyone interested in how the business of the world’s largest industry actually works: business executives, students, government officials and regulators, professionals working in the industry, and the general public. This is a flexible, and complete financial statement analysis book that is written with the premise that students learn financial statement analysis most effectively by performing the analysis on actual companies This volume is part of a series which provides a forum for critique, commentary, and discussion about key research methodology issues in the field of strategic managment