1 Introduction to Project Set Preplanning --; Preplanning the Firm's Project Set --; Preplanning and Conventional Strategic Planning --; The Nature of the Firm and Its Environment --; Planning and the Environmental Context --; Preplanning as a Step to Better Performance --; Structure of the Book --; 2 Strategic Fundamentals for Effective Financial Management --; Strategy and Strategic Analysis --; Strategic Practices in Financial Management --; Introducing Strategic Guidance by Project Set Preplanning --; Potential And Resilience Evaluation of the Firm's Project Set --; PARE as a Tool for Financial Management --; 3 The Basis for Adequate Preplanning --; Potential and Resilience as Determinants of Value --; Action Goals and Good Performance --; 4 Situational Typification as a Strategic Aid --; Expanded PARE-Chart Indications --; Interdependency Enhancement of the PARE Analysis --; Typification of the Departure Situation --; 5 Situational Specification Process --; Specifying the Typification Steps --; Recap of the Typification Steps --; 6 Deriving Balanced Recommendations for Action --; Analysis of the Departure Situation --; Typification-based Recommendations --; The Balancing Identification Method --; Balance Verification with the Help of BIM --; 7 Comparison of Typological Implications --; Problems from the Perspective of Resilience --; Problems from the Perspective of Potential --; Geographic Implications --; 8 Follow-up Situational Typification --; Internationalization to Reduce Risk --; Internationalization to Improve Opportunities --; 9 Prospective Tracking of the Project Set --; The Basics of Tracking --; Implementation of a Prospective Tracking Analysis --; Epilogue --; Notes --; Glossary of Characterization Factors.
Project Set Strategies focuses on an issue of vital concern to corporate managers: the development and implementation of strategy. Regretfully, this topic has received too little attention in the literature of finance and has been treated in completely in the management journals. In fact, not everyone recognizes that it falls within the sphere of finance. However, since the important issues discussed in this book strategically shape the destiny of the company and can seal its fate long before the point is reached where conventional finance considerations come into play, it is essential that this recognition be acknowledged. From the management point of view, it has long been realized that strategic elements playa crucial role in the continued well-being of the firm. Nevertheless, this truth is overlooked to some extent with most management techniques since there is insufficient typification, often leading to unjustified generalizations and inadequate attention to the requirements of the specific situation. Also, these management techniques are not grounded upon the long-established fmancial economic theories of valuations and thus can lead to misdirected guidance. Since the two academic disciplines of "management" and "finance" have much insight to offer each other, this book represents an effort to link the strategic management area to a theoretically sound and usable financial e- xv xvi PREFACE nomic foundation. In this way, the probability of errors of omission or unjusti fied generalizations is decreased and help is offered for ascertaining more relevant goal-directed recommendations.