The Imagination Premium: an anticipative performance metric

Q4 Business, Management and Accounting Strategy and Leadership Pub Date : 2021-07-16 DOI:10.1108/SL-03-2021-0028

Rita Gunther McGrath, Alexander B van Putten, R. Pierantozzi

引用次数: 1

Abstract

Purpose The authors offer a new metric for assessing a company's potential for growth that CEO's and leadership teams can actively manage. Design/methodology/approach The Imagination Premium metric reflects the value of a company's equity, beyond what can be readily explained by its ability to throw off cash. Findings For a CEO, TIP provides support for an argument that investments in future growth are well warranted. Practical/implications A negative TIP signals that investors will not even pay for the capitalized value of current cash flow and this usually leads to activist investors, hostile acquisition threats and C-suite turnover. Originality/value The article shows executives how to drive the premium investors will pay for corporate growth initiatives. One of the first things strategists can do to manage their company's TIP is a portfolio analysis that looks at how uncertain each current investment is, and whether the whole portfolio is one growth investors will reward with an increased TIP.

查看原文

微信好友朋友圈 QQ好友复制链接

本刊更多论文

想象力溢价:一个预期的性能指标

目的作者为评估公司的发展潜力提供了一个新的指标，首席执行官和领导团队可以积极管理。设计/方法论/方法想象溢价指标反映了一家公司的股权价值，超出了其挥霍现金的能力。发现对于首席执行官来说，TIP支持了一种论点，即对未来增长的投资是有充分理由的。实际/暗示负面提示表明投资者甚至不会为当前现金流的资本化价值买单，这通常会导致激进投资者、敌意收购威胁和高管更替。原创/价值这篇文章向高管们展示了如何推动投资者为企业增长举措支付的溢价。策略师管理公司TIP的首要任务之一是进行投资组合分析，看看当前每项投资的不确定性有多大，以及整个投资组合是否是一个增长型投资组合，投资者会通过增加TIP来回报。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文去求助

来源期刊

Strategy and Leadership Business, Management and Accounting-Strategy and Management

CiteScore

1.20

自引率

0.00%

发文量

期刊介绍： As a leader responsible for the competitive development of your organization, as well as a desire to keep ahead of the game, you have a responsibility to ensure that you are fully aware of new strategies and developments that can impact upon your personal growth as a leader of others. Strategy & Leadership gives you insight into your own leadership abilities without wasting your time. Each issue brings you informed opinion from leading specialists, gives you professional support and looks at strategies, tools and techniques from an objective position. Strategy & Leadership explains the how and why in order to keep you clearly focused. Its thoughtful, in-depth analysis and advice tells you where you should be going and what to avoid on your journey. Strategy & Leadership is a bi-monthly briefing that brings you the thoughts, advice and analysis of some of the world''s current revolutionary thinkers. Your subscription will show you: -How to improve existing leadership skills and develop new skills -Maintain a competitive position for your organization -Motivate your workforce -Adapt strategies in the light of technological change -Reassess current strategies based on practical insights into how other organizations have structured and managed change for a success -Consider new theories that could reshape current thinking and create future success -Benefit from the advice of prominent futurists -Learn from the experiences of leading CEOs and avoid the pitfalls that they have encountered -Select, develop and retain senior colleagues who will help you steer your organization in the future -Stay one step ahead of the competition - both internally and externally -Gain an insight into competitors'' strategies -Keep abreast of the latest trends in strategic planning -Implement successful strategies for your organization

期刊最新文献

Can strategic planning adapt to an era that requires enhanced reactive capability? Editor’s letter Quick takes Rethinking the role of middle management for the new world of work Driving growth, productivity and engagement through “good jobs strategy”