The Stress Test Every Business Needs : A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats

Future-proof your business today for stronger performance tomorrow The Stress Test Every Business Needs A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats provides a comprehensive approach to creating value and flexibility in an increasingly volatile business environment that presents both great risks and opportunities every day. The authors extend the banking "stress test" concept to a company's Capital Agenda -- how executives manage capital, execute transactions and apply corporate finance tools to strategic and operational decisions. Having a static Capital Agenda, however appropriate for your current market position, is not enough in today's uncertain world. Long-term success comes from building resilience into each element and in the way those elements interact. The book uses a broader definition of business stress that includes traditional macroeconomic and geopolitical risks, as well as technological disruption, hostile takeovers and activist shareholders. Companies that make poor strategic decisions or underperform operationally will likely find themselves facing great stress. And that stress is symmetric; threats come from downside risks and from missed opportunities. The chapters address the how and why of essential issues such as: Formulating corporate strategy in a digital world Pre-empting activist shareholders Restoring distressed companies to operational and financial health Ensuring effective collaboration among strategy, finance and operations Getting the most out of your advisors Proactively managing intrinsic value Rigorously allocating capital across the enterprise Acquiring and divesting for optimum value Syncing financing decisions with business strategy and capital market conditions Incorporating tax planning throughout the Capital Agenda Liberating excess cash with leading working capital management practices Aligning strategic goals and metrics to reach your company's full potential Companies that develop strategy and set operational priorities with a balanced Capital Agenda are best positioned to control their own destiny. The Stress Test Every Business Needs provides a roadmap to future-proof your business today for stronger performance tomorrow. 'The Stress Test Every Business Needs' shows you how to optimise your business strategy to improve your results. Drawing from recent high-profile cases that illustrate the impact of common mistakes, this text brings the Stress Test methodology out of banking and applies it to businesses in any sector. Future-proof your business today for stronger performance tomorrowThe Stress Test Every Business Needs: A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats provides a comprehensive approach to creating value and flexibility in an increasingly volatile business environment that presents both great risks and opportunities every day. The authors extend the banking "stress test" concept to a company's Capital Agenda - how executives manage capital, execute transactions and apply corporate finance tools to strategic and operational decisions. Having a static Capital Agenda, however appropriate for your current market position, is not enough in today's uncertain world. Long-term success comes from building resilience into each element and in the way those elements interact.The book uses a broader definition of business stress that includes traditional macroeconomic and geopolitical risks, as well as technological disruption, hostile takeovers and activist shareholders. Companies that make poor strategic decisions or underperform operationally will likely find themselves facing great stress. And that stress is symmetric; threats come from downside risks and from missed opportunities.The chapters address the how and why of essential issues such as:Formulating corporate strategy in a digital world Pre-empting activist shareholders Restoring distressed companies to operational and financial health Ensuring effective collaboration among strategy, finance and operations Getting the most out of your advisors Proactively managing intrinsic value Rigorously allocating capital across the enterprise Acquiring and divesting for optimum value Syncing financing decisions with business strategy and capital market conditions Incorporating tax planning throughout the Capital Agenda Liberating excess cash with leading working capital management practices Aligning strategic goals and metrics to reach your company's full potentialCompanies that develop strategy and set operational priorities with a balanced Capital Agenda are best positioned to control their own destiny. The Stress Test Every Business Needs provides a roadmap to future-proof your business today for stronger performance tomorrow **Future-proof your business today for stronger performance tomorrow**__The Stress Test Every Business Needs____A Capital Agenda for Confidently Facing Digital Disruption, Difficult Investors, Recessions and Geopolitical Threats__provides a comprehensive approach to creating value and flexibility in an increasingly volatile business environment that presents both great risks and opportunities every day. The authors extend the banking "stress test" concept to a company's Capital Agenda -- how executives manage capital, execute transactions and apply corporate finance tools to strategic and operational decisions. Having a static Capital Agenda, however appropriate for your current market position, is not enough in today's uncertain world. Long-term success comes from building resilience into each element__and__in the way those elements interact.The book uses a broader definition of business stress that includes traditional macroeconomic and geopolitical risks, as well as technological disruption, hostile takeovers and activist shareholders. Companies that make poor strategic decisions or underperform operationally will likely find themselves facing great stress. And that stress is symmetric; threats come from downside risks__and__from missed opportunities.The chapters address the how and why of essential issues such as:Formulating corporate strategy in a digital worldPre-empting activist shareholdersRestoring distressed companies to operational and financial healthEnsuring effective collaboration among strategy, finance and operationsGetting the most out of your advisorsProactively managing intrinsic valueRigorously allocating capital across the enterpriseAcquiring and divesting for optimum valueSyncing financing decisions with business strategy and capital market conditionsIncorporating tax planning throughout the Capital AgendaLiberating excess cash with leading working capital management practicesAligning strategic goals and metrics to reach your company's full potentialCompanies that develop strategy and set operational priorities with a balanced Capital Agenda are best positioned to control their own destiny.__The Stress Test Every Business Needs__provides a roadmap to future-proof your business today for stronger performance tomorrow. "Do better business, get better results The Stress Test Every Business Needs shows you how to optimize your business strategy to improve your results. Drawing from recent high-profile cases that illustrate the impact of common mistakes, this book brings the Stress Test methodology out of banking and applies it to businesses in any sector. If shareholder value is created through raising, investing, optimizing, and preserving capital, how can business leaders ensure stability and growth in an era of instability and stagnation? Stress Testing makes every business stronger; by taking a holistic view across your company's businesses, functions, and geographies, you become better equipped to make the tough decisions that draw the line between sinking, surviving, and thriving. Brexit is showing the world what happens when we insufficiently prepare for low probability/high impact events; Allergan proved that outperforming peers doesn't necessarily ward off activist shareholders; companies around the world prove every day that operating in multiple businesses doesn't always produce a synergistic effect. Missteps like these are preventable, predictable, and avoidable, and this book provides the framework to help you keep your company above the fray. Learn from recent management successes and failures Make your business stronger amidst heightened uncertainty and investor scrutiny Make smart trade-offs among competing investment opportunities Optimize resource allocation to maximize resilience Companies that formulate strategy and set operational priorities with a balanced investment agenda are best positioned to control their own destiny. Planning is only beneficial when it's effective, productive, and feasible, and structured toward meeting your company's specific goal. The Stress Test Every Business Needs provides a roadmap to better business through smart investment decisions"-- Provided by publisher "Do better business, get better results The Stress Test Every Business Needs shows you how to optimize your business strategy to improve your results. Drawing from recent high-profile cases that illustrate the impact of common mistakes, this book brings the Stress Test methodology out of banking and applies it to businesses in any sector. If shareholder value is created through raising, investing, optimizing, and preserving capital, how can business leaders ensure stability and growth in an era of instability and stagnation? Stress Testing makes every business stronger; by taking a holistic view across your company's businesses, functions, and geographies, you become better equipped to make the tough decisions that draw the line between sinking, surviving, and thriving. Brexit is showing the world what happens when we insufficiently prepare for low probability/high impact events; Allergan proved that outperforming peers doesn't necessarily ward off activist shareholders; companies around the world prove every day that operating in multiple businesses doesn't always produce a synergistic effect. Missteps like these are preventable, predictable, and avoidable, and this book provides the framework to help you keep your company above the fray. & nbsp; & nbsp; Learn from recent management successes and failures Make your business stronger amidst heightened uncertainty and investor scrutiny Make smart trade-offs among competing investment opportunities Optimize resource allocation to maximize resilience Companies that formulate strategy and set operational priorities with a balanced investment agenda are best positioned to control their own destiny. Planning is only beneficial when it's effective, productive, and feasible, and structured toward meeting your company's specific goal. The Stress Test Every Business Needs provides a roadmap to better business through smart investment decisions" Machine generated contents note: Acknowledgments Chapter 1 How resilient is your Capital Agenda? Jeffrey R. Greene Chapter 2 Can your strategy thrive in a digital world? Tony Qui and Glenn Engler Chapter 3 How can you pre-empt activist shareholders? Shyam Gidumal Chapter 4 How should you restore a distressed company to health? Andrew Wollaston and Donald Featherstone Chapter 5 Are strategy, finance and operations integrated for optimal value creation? Sharath Sharma and Daniel Burkly Chapter 6 How can you get the most out of your advisors? Giri Varadarajan and Aayush Tulsyan Chapter 7 Do you understand the intrinsic value of your company, and how to manage it? Daniel Burkly Chapter 8 Are you allocating capital across the enterprise to reduce C-suite stress? Jeffrey R. Greene Chapter 9 Are your portfolio reviews timely, objective and thorough? Jeffrey R. Greene and Jeff Wray Chapter 10 Is tax planning a full partner in building resilience and driving value? Bridget Walsh and Erica Lawee Chapter 11 Do your acquisitions consistently pay off for shareholders? Brian Salsberg Chapter 12 Are you planning and executing divestments for maximum value? Paul Hammes and Subin Baral Chapter 13 Do your financing choices support flexibility and efficiency? K.C. Brechnitz Chapter 14 How well does your working capital management contribute to cash flow and earnings? Sven Braun and Steve Payne Chapter 15 Will your strategic goals ensure your company reaches its full potential? William Achtmeyer and John Trustman Glossary Contributor Biographies Index "Sales handles - Sales Handles (including marketing opportunities): - This is the first book that takes the "Stress Test" idea out of the world of banking and applies it to every business: The Author's article on stress-testing has had more than 5 million views on the Harvard Business Review Website since May 2016. - EY is one of the top three global professional services firms with 212,000 employees in over 700 offices around 150 countries in the world: This book explains the core IP and consulting process/strategic framework for one of the firm's four main divisions, its M & A advisory practice. The Stress Test/Capital Agenda process is central to this division's client work, thought leadership, marketing, branding and training on a global basis, so each employee in the division will have frequent opportunities to incorporate the book when engaging with clients. - Sales through events: EY's proprietary events such as the Strategic Growth Forum, regional Entrepreneur of the Year events, roundtables, and other issued-based forums would be leveraged extensively. - Direct promotion through EY's existing network: Direct promotion will occur digitally the ey.com website and other EY social media channels including LinkedIn, Twitter and Facebook--both corporate and individual. For example, for one promotional campaign from April through July 2016 the site had 72K visitors and over 108K page views. EY would also promote the book via an email campaign using their curated list of over 13K clients" How resilient is your capital agenda? / Jeffrey R. Greene Do you understand the intrinsic value of your company, and how to manage it? / Daniel Burkly Are you allocating capital across the enterprise to reduce C-suite stress? / Jeffrey R. Greene Are your portfolio reviews timely, objective and thorough? / Jeffrey R. Greene and Jeff Wray Do your acquisitions consistently pay off for shareholders? / Brian Salsberg Are you planning and executing divestments for maximum value? / Paul Hammes and Subin Baral Do your financing choices support flexibility and efficiency? K.C. Brechnitz How well does your working capital management contribute to cash flow and earnings?/ Sven Braun and Steve Payne Is tax planning a full partner in building resilience and driving value? / Bridget Walsh and Erica Lawee Are strategy, finance and operations integrated for optimal value creation? / Sharath Sharma and Daniel Burkly How can you get the most out of your advisors? / Giri Varadarajan and Aayush Tulsyan Can your strategy thrive in a digital world? / Tony Qui and Glenn Engler How can you pre-empt activist shareholders? / Shyam Gidumal How should you restore a distressed company to health? / Andrew Wollaston and Donald Featherstone Will your strategic goals ensure your company reaches its full potential? / William Achtmeyer and John Trustman.