To make the best possible decisions about investing scarce resources, companies must go beyond narrow ROI analysis and use qualitative and quantitative measurements focusing on what really matters: value added and/or risk relevant to the company. Minding the Corporate Checkbook introduces a powerful approach to investment decision-making and best practices from today's most successful companies. Steven Kursh's New Decision Methodologies, NDM, gets everyone in the company on the same page, helping them with investments from start to finish. NDM ensures investments are focused on maximizing value and that precious resources aren't squandered, midstream changes get made to failing investments and earlier mistakes are avoided. Kursh offers a workbook and detailed guidance on all five elements of NDM: preliminary analysis, risk analysis, business impact assessment, execution analysis and ongoing management. Includes an extensive library of examples and decision tools to help readers use NDM, despite financial background.
About the Authors
Steven R. Kursh, Ph.D., Executive Professor at Northeastern University'sCollege of Business Administration, is author of a wide range ofarticles, software products, and business cases relating to software,finance, and the Internet. His consulting clients include IBM, AT&T, Sun,Freddie Mac, and Citibank. Kursh develops and teaches graduate schooland professional development courses in financial strategy, valuation,and telecommunications. He has received several awards for teachingexcellence. Before joining Northeastern, he founded and served for eightyears as president of Blackacre Financial Software, Inc., growing thecompany to market leadership prior to its acquisition by a Fortune 200company. He has received grants from the GE Foundation, the KauffmanFoundation, and the U.S. Departments of Energy and HUD. Kursh holds aPh.D. from the University of Pennsylvania and an A.B. (Scholar of theCollege) from Boston College.
James Donovan teaches accounting at Quincy College and is a consultantin financial modeling, business strategy, life sciences, and valuation.He has worked for Brattle Group and numerous technology and businessfirms, including Venture Development Corporation and a New England-basedprivate equity firm. Donovan holds an M.B.A. (summa cum laude) fromNortheastern University and a B.A. from Middlebury College (cum laude)in molecular biology and biochemistry.