An Integrated OptionsBased Strategic Planning and Control Model

An Integrated OptionsBased Strategic Planning and Control Model Managerial practice differs from standard capital budgeting theory in a number of respects. For example, managers often take projects that have negative NPV e.g., R & D investments due to their flexibility, synergy strategic positioning etc. Furthermore, managers continue to use accountingbased measures in capital budgeting even though NPV is widely accepted as the only correct valuation measure. In fact, managers and strategists probably have always attempted to intuitively attach value to a variety of strategic and other concerns, even when they couldn't quantify them. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Managerial Finance Emerald Publishing

An Integrated OptionsBased Strategic Planning and Control Model

Managerial Finance, Volume 17 (2/3): 13 – Feb 1, 1991

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0307-4358
DOI
10.1108/eb013667
Publisher site
See Article on Publisher Site

Abstract

Managerial practice differs from standard capital budgeting theory in a number of respects. For example, managers often take projects that have negative NPV e.g., R & D investments due to their flexibility, synergy strategic positioning etc. Furthermore, managers continue to use accountingbased measures in capital budgeting even though NPV is widely accepted as the only correct valuation measure. In fact, managers and strategists probably have always attempted to intuitively attach value to a variety of strategic and other concerns, even when they couldn't quantify them.

Journal

Managerial FinanceEmerald Publishing

Published: Feb 1, 1991

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