The principles of value investing have resonated with savvy practitioners in the world of finance for a long time. In Creating Strategic Value, Joseph Calandro Jr. explores how the core ideas and methods of value investing can be profitably applied to corporate strategy and management.
Calandro builds from an analysis of traditional value investing concepts to their strategic applications. He surveys value investing’s past, present, and future, drawing on influential texts, from Graham and Dodd’s time-tested works to more recent studies, to reveal potent managerial lessons. He explains the theoretical aspects of value investing-consistent approaches to corporate strategy and management and details how they can be successfully employed through practical case studies that demonstrate value realization in action. Calandro analyzes the applicability of key ideas such as the margin-of-safety principle to corporate strategy in a wide range of areas beyond stocks and bonds. He highlights the importance of an “information advantage”—knowing something that a firm’s competitors either do not know or choose to ignore—and explains how corporate managers can apply this key value investing differentiator. Offering expert insight into the use of time-tested value investing principles in new fields, Creating Strategic Value is an important book for corporate strategy and management practitioners at all levels as well as for students and researchers.
- Table of Contents
- Acknowledgments
- Introduction
- Dramatic Personae
- Prologue
- Act I
- Scene 1. The Imperial Palace
- Scene 2. The Bank of the Kamo River
- Scene 3. The Transmission of the Secrets
- Scene 4. Before the Gate
- Act II
- Scene 1. The Journey—Sweet Words Exchanged
- Scene 2. Yasui Beach: Awaiting the Tide
- Scene 3. The Chastising
- Scene 4. The Crowing of the Cock
- Scene 5. Sugawara's Farewell
- Act III
- Scene 1. Tearing the Carriage Apart
- Scene 2. Sata Village
- Act IV
- Scene 1. Mount Tenpai
- Scene 2. North Saga Village
- Scene 3. The Village School
- Act V
- Scene 1. Tumult in the Palace
- A Note on the Puppets
- Bibliography
- Illustrations