O'Reilly logo

Financial Times Handbook of Corporate Finance, 2nd Edition by Glen Arnold

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

4

INVESTMENT DECISION-MAKING IN COMPANIES

IntroductionThe managerial art of investment selectionMore tricky issues in real-world project appraisalTaxation and investment appraisalThe stages of investment decision-makingConclusion

Introduction

An organization may be viewed simply as a collection of projects, some of which were started a long time ago, some only recently begun, many are major ‘strategic’ projects and others minor operating-unit-level schemes. It is in the nature of business for change to occur, and through change old activities, profit centres and methods die, to be replaced by the new. Without a continuous process of regeneration firms will cease to progress and be unable to compete in a dynamic environment. It is vital that ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required