Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital

Colleagues, the Advanced Valuation and Strategy - M&A, Private Equity, and Venture Capital program is helpful for executives that need to value complete strategies and for all students interested in corporate finance and strategy. You will be introduced to the expanded NPV, which brings together DCF, real options, and game theory. Thinking in terms of options, games, and adaptive strategies may help managers address strategic questions such as: How do you value a leveraged buyout? How can you value a high-tech venture with negative cash flows? When should you invest in new ventures in stages? How can you incorporate rival bidders in the analysis? Training modules address: 1) Discounted Cash Flow Analysis - historical analysis, the estimation of free cash flows, various DCF approaches, and multiples valuation, 2) Corporate Strategy - assess the value of a company through the expanded NPV criterion, which is able to capture the value of the firm's growth options. Then review various strategic paradigms that analyze the underlying sources of this growth option value, focusing on industry analysis, firms' internal resources and dynamic capabilities, 3) Corporate Real Options - real options theory quantifies decision making under uncertainty and stresses the importance of wait-and-see flexibility, suggesting that managers should wait until major uncertainties are resolved and the project is more clearly beneficial, and 4) Option Games - principles of game theory, which are essential for our understanding of strategic decisions. Strategic investment decisions are often made in a context in which decision makers must consider the deliberate (re)actions of rivals. Practical examples of option games include: competitive bidding in acquisitions and new product development decisions (in car manufacturing, mobile phones and consumer electronics). After this module you will be able to quantify the strategic component in the strategic growth option value. 

Enroll today (individuals & teams welcome): https://tinyurl.com/k3vrewdn 

Much career success, Lawrence E. Wilson - Financial Certification Academy