{"product_id":"financial-darwinism-create-value-or-self-destruct-in-a-world-of-risk-hardback-9780470385463","title":"Financial Darwinism; Create Value or Self-Destruct in a World of Risk (Hardback) 9780470385463","description":"\u003cfont face=\"Georgia\"\u003e\r\n\u003cp\u003e\u003cfont size=\"6\"\u003eFinancial Darwinism\u003c\/font\u003e\u003cbr\u003e\r\n\u003cfont size=\"5\"\u003eCreate Value or Self-Destruct in a World of Risk\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\r\n\u003cp\u003e\u003cfont size=\"4\"\u003eLeo M. Tilman (Author), Edmund S. Phelps (Foreword by)\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e9780470385463, Wiley\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eHardback, published 25 November 2008\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e192 pages, Drawings: 40 B\u0026amp;W, 0 Color; Tables: 22 B\u0026amp;W, 0 Color\u003cbr\u003e23.6 x 16.1 x 2.2 cm, 0.361 kg\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\r\n\u003cp align=\"justify\"\u003e\u003cem\u003e\u003cfont size=\"3\"\u003e\"As the world places increasing emphasis on fair valuation, risk-based financial disclosure and risk-focused regulation, Tilman's guide becomes more important for CEOs, directors and fiduciaries who must build risk evaluation into all fundamental decisions.\" (\u003ci\u003eCorporate Governance\u003c\/i\u003e)  \u003cp\u003e“While Tilman's thesis is directed to financial firms, the concept applies to all businesses. Failure to adopt a risk management strategic planning model will lead to extinction, hence the \"Darwinism\" in the title. Summing Up: Recommended.” (\u003ci\u003eChoice\u003c\/i\u003e, April 2009)\u003c\/p\u003e \u003cp\u003e\"...Tilman couldn't have chosen a better time...clearly written and with plenty of rational advice for financial institutions\" (\u003ci\u003eCity A.M.\u003c\/i\u003e, December 11th 2008)\u003c\/p\u003e \u003cp\u003e\"One of the book's merits is that he offers tables that provide taxonomies of business model transformation.\" \u003ci\u003e(Financial World\u003c\/i\u003e, February 2009)\u003c\/p\u003e \u003cp\u003e\"This book is highly recommended for finance professional sat all levels of an organization as well as investors desiring insights into how firms can weather the \"tectonic shift\" in the financial landscape. The terminology and models used should be within the grasp of anyone who has taken an undergraduate course in finance.\" (\u003ci\u003eJournal of Corporate Finance and Accounting\u003c\/i\u003e\u003cb\u003e)\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003e“[Tilman] sees much to be learned from the collective blindness that led to the economic meltdown. … says the first steps to recovery are humility and innovation” (\u003ci\u003eAlpha magazine\u003c\/i\u003e)\u003c\/p\u003e \u003cp\u003e\"This book offers a deeply thoughtful and well-reasoned analysis of what has gone wrong and the outlines of an eventual road to recovery.\" (\u003ci\u003eFinancial Executive International\u003c\/i\u003e)\u003c\/p\u003e\u003c\/font\u003e\u003c\/em\u003e\u003c\/p\u003e\r\n\r\n\u003cp align=\"justify\"\u003e\u003cstrong\u003e\u003cfont size=\"3\"\u003eIn \u003ci\u003eFinancial Darwinism\u003c\/i\u003e, author Leo Tilman lays the groundwork for understanding the new financial order by introducing his evolutionary thesis and then outlines an actionable decision-making framework that enables financial institutions and investors to fully leverage the power of business strategy, corporate finance, investment analysis, and risk management. \u003ci\u003eFinancial Darwinism\u003c\/i\u003e is an invaluable road map to today's financial world and an essential guide to surviving and thriving during these challenging times.\u003c\/font\u003e\u003c\/strong\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003e\u003cp\u003eForeword ix\u003c\/p\u003e \u003cp\u003ePreface xv\u003c\/p\u003e \u003cp\u003eAcknowledgments xix\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 1 Understanding and Navigating the Financial Revolution 1\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eIntroduction: The Need for Transformational Thinking 1\u003c\/p\u003e \u003cp\u003eFrom George Bailey to the Golden Age 5\u003c\/p\u003e \u003cp\u003eAccounting for Profits the Old-Fashioned Way 7\u003c\/p\u003e \u003cp\u003eThe “Great Moderation” As an Evolutionary Catalyst 11\u003c\/p\u003e \u003cp\u003eEconomic Performance in the Dynamic New World 14\u003c\/p\u003e \u003cp\u003ePressures on Static Business Models 18\u003c\/p\u003e \u003cp\u003eDynamic Finance Perspective on Financial Crises 21\u003c\/p\u003e \u003cp\u003ePillars of Strategic Decision Making 25\u003c\/p\u003e \u003cp\u003eValue Creation Through Dynamism and Business Model Transformations 26\u003c\/p\u003e \u003cp\u003eBeyond the Facade: The Importance of Risk-Based Transparency 35\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 2 The Old Regime and Its Demise 39\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eEconomic Performance and Viability of Financial Institutions 39\u003c\/p\u003e \u003cp\u003eStatic Business Models 41\u003c\/p\u003e \u003cp\u003eDominant Forces: The Future that Has Already Happened 46\u003c\/p\u003e \u003cp\u003ePressures on Static Business Models 55\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 3 The Dynamic New World 65\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eRisk-Based Economic Performance 65\u003c\/p\u003e \u003cp\u003eBalance Sheet Arbitrage 68\u003c\/p\u003e \u003cp\u003ePrincipal Investments 69\u003c\/p\u003e \u003cp\u003eSystematic Risk Exposures 71\u003c\/p\u003e \u003cp\u003eFees and Expenses 74\u003c\/p\u003e \u003cp\u003eCapital Structure Optimization 75\u003c\/p\u003e \u003cp\u003eEconomic Performance Attribution 75\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 4 Business Model Transformations 79\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003ePillars of Strategic Decisions in a Dynamic World 79\u003c\/p\u003e \u003cp\u003eResponsive Recalibrations of Business Models 81\u003c\/p\u003e \u003cp\u003eFull-Scale Business Model Transformations 86\u003c\/p\u003e \u003cp\u003eMaking the Strategic Vision a Reality 93\u003c\/p\u003e \u003cp\u003e\u003cb\u003eCHAPTER 5 The Road to Financial Darwinism 99\u003c\/b\u003e\u003c\/p\u003e \u003cp\u003eReal-World Business Model Transformations 99\u003c\/p\u003e \u003cp\u003eStakeholder Communication \u0026amp; Equity Valuation in a Dynamic World 109\u003c\/p\u003e \u003cp\u003eEconomic Value Creation (and Destruction) by Non-Financial Corporations 112\u003c\/p\u003e \u003cp\u003eThe Infamous “Carry Trade” and the Old Ways of Thinking 115\u003c\/p\u003e \u003cp\u003eA Dynamic Finance Perspective on Modern Financial Crises 118\u003c\/p\u003e \u003cp\u003eBeyond the Facade: The Need for Risk-Based Transparency 127\u003c\/p\u003e \u003cp\u003eConclusion 129\u003c\/p\u003e \u003cp\u003eEpilogue: Financial Darwinism and the Crisis of 2007–2008 133\u003c\/p\u003e \u003cp\u003eAppendix A: The Risk-Based Economic Performance Equation 137\u003c\/p\u003e \u003cp\u003eAppenidx B: A Case Study in Dynamic Finance 141\u003c\/p\u003e \u003cp\u003eNotes 157\u003c\/p\u003e \u003cp\u003eReferences 163\u003c\/p\u003e \u003cp\u003eAbout the Author 167\u003c\/p\u003e \u003cp\u003eIndex 169\u003c\/p\u003e\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\u003cp\u003e\u003cfont size=\"3\"\u003eSubject Areas: Finance \u0026amp; accounting [\u003ca title=\"See our other books on Finance \u0026amp; accounting\" href=\"https:\/\/freshlyprintedbooks.co.uk\/search?q=%22Finance%20\u0026amp;%20accounting%20%5BKF%5D%22\"\u003eKF\u003c\/a\u003e]\u003c\/font\u003e\u003c\/p\u003e\r\n\r\n\r\n\u003c\/font\u003e","brand":"Wiley","offers":[{"title":"Brand New","offer_id":52276214464792,"sku":"9780470385463","price":22.99,"currency_code":"GBP","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0730\/2037\/5320\/files\/9780470385463_17763.jpg?v=1781365243","url":"https:\/\/freshlyprintedbooks.co.uk\/products\/financial-darwinism-create-value-or-self-destruct-in-a-world-of-risk-hardback-9780470385463","provider":"Freshly Printed Books","version":"1.0","type":"link"}