A Book Review of “Strategic Financial Management : Managing for Value Creation” by Dr. Prasanna Chandra

Authors

  •   K. V. Kiran Kumar Associate Professor - Finance and Research Scholar, International School of Management Excellence (ISME), 88, Chembanahalli, Near Dommasandra Circle, Sarjapur Road, Bangalore - 562 125
  •   P. S. V. Balaji Rao Professor and Head, Dept. of MBA, Vidyavardhaka College of Engineering , Gokulam, 3rd Stage, Mysore - 570 002, Karnataka

DOI:

https://doi.org/10.17010/ijf/2016/v10i12/106899

Keywords:

Strategic Finance

, Intrinsic Value, Value Octagon

G30

, G31, G32, G34, M10, M190

Paper Submission Date

, January 20, 2016, Paper sent back for Revision, June 3, Paper Acceptance Date, September 10, 2016.

Abstract

Percolation of finance theory, frameworks, and concepts into corporate strategic corridors is presented with a macro, yet a step-by-step approach using the “Eight Levers†of “Value Octagonâ€. Each lever is interconnected with each other, symbolically and literally in the book - Strategic Financial Management: Managing For Value Creation - written by Dr. Prasanna Chandra. This book review explains the three broad sections of the text and explains the concept of the value octagon with highlights from the book. The aim of this book review was to appreciate the author's thought process of fitting the finance function into realms of strategy and thereby create a path for firms to approach the objective of value maximization. The thrust area of this book review was to further the discussions of strategy formulation and implementation, while finance is unseparated from the process. The review also discussed examples of real-life companies as well as opinions of various other authors and consulting groups on the subject-matter, in addition to the author's opinion. The review concluded that the value octagon and its eight value-driving levers proposed by the author encapsulate the broad areas of top management agenda in their pursuit of maximized intrinsic value.

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Published

2016-12-01

How to Cite

Kiran Kumar, K. V., & Balaji Rao, P. S. V. (2016). A Book Review of “Strategic Financial Management : Managing for Value Creation” by Dr. Prasanna Chandra. Indian Journal of Finance, 10(12), 56–64. https://doi.org/10.17010/ijf/2016/v10i12/106899

Issue

Volume 10, Issue 12, December 2016

Section

Articles
Crossref
Scopus
Google Scholar
Europe PMC

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