Key Management Ratios: Master the Management Metrics That Drive and Control Your Business
February 26th, 2006
关键管理指标－－掌握驱动和控制企业的管理工具
Book Description
Business ratios are the figures that provide management with targets and standards for their organisation. They direct businesses towards the most beneficial long-term strategies, as well as towards effective decision making.
This book enables managers of different functions to work together towards achieving business goals. It links the return on financial resources into the day-to-day operating parameters of the business - skills which any manager from any background can implement.
Areas covered include-
the foundations
the cash flow cycle
financial leverage
measuring and operating performance
corporate valuation
investment ratios
Synopsis
"Thank God for Ciaran Walsh’s ultra-clear guide."Business Age Control the figures that count and you’ll control your business management ratios. Two of the scariest words any normal human being in business can be asked to understand. Full arcane terminology and incomprehensible equations. And yet it is absolutely fundamental to the way we manage our businesses. Quite simply, if you understand how these ratios work, you’ll manage your company’s performance better. Business ratios are the guiding stars by which you steer your company’s course; they provide your targets and your standards; they direct you towards the best long-term strategies as well as the smartest short-term solutions. Leaving them to the accountants is not an option.The third edition of the international best seller "Key Management Ratios" includes new material on acquisition analysis. With ultra-clear text and visual aids the book enables you to understand the financial fundamentals of your company by linking the return on financial resources to the day-to-day operations of your business. Topics covered include: the cash flow cycle; financial leverage; measuring operating performance; financial strength; corporate valuation; investment ratios; performance drivers; shareholder value added; acquisition analysis. Understand these ratios and make smarter management choices.