A staggering proportion of enterprise value does not depend on current operations, but rather on expectations concerning growth opportunities-what Accenture calls future value. Much of that future value depends, in turn, not on the resources (assets) that traditional accounting practice handles well-i.e. the monetary and physical assets-but on the resources it hardly handles at all-such as, intangible and intellectual capital. Many of the most successful companies in the last decade are organized around new business models like value shops and value networks.
In this research report we discuss these important issues and introduce a new methodology for managing shareholder value (The Future Value Management™ Methodology), one that manages all components of valuation by managing all of the company’s resources.
Authors: Göran Roos, John J. Ballow, Michael J. Molnar, Roland Burgman
Source: Accenture
Subjects: Finance, Strategy
- Attention Shoppers: Try Valuing This
- Building Value by Measuring the Immeasurable
- Decisions That Matter
- Executive Views on Intangible Assets: Insights from the Accenture / Economist Intelligence Unit Survey
- Future Value: The $7 Trillion Challenge
- Goodwill to All Pieces
- Hidden Assets
- Intangible Assets Map
- Intangibles Impact on IPO Success (research findings)
- Intellectual Capital: Tomorrow’s Asset, Today’s Challenge
- Lowell L. Bryan
- Measures of Value
- Measuring and Benchmarking Intellectual Capital
- Measuring Intellectual Assets
- Measuring the Value of Intellectual Property: An Interview with Baruch Lev
- New Math for a New Economy
- Out of Touch
- Reporting on Intangibles
- The Invisible Advantage
- The Missing Assets: An Introduction
- The Perils of Impairment
- The Real Value of Intangibles
- The Second Annual Knowledge Capital Scoreboard: A Knowing Glance
- The World’s Most Exciting Accountant
- Trying to Grasp the Intangible
- Where a Firm’s Value Truly Lies
- Chains, Shops, and Networks: The Logic of Organizational Value
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