I would really appreciate if you could help me with the following issue:
What are some financial strategies to follow to create value for a firm and its shareholders?
Hello. Here is some information about financial strategies to follow to create value for the firm and its shareholders that you will find useful in developing an answer.
I've included references to get you started. You should expand on these concepts as much as possible and be sure to put the text into your own words. References are in APA format.
First, an overview:
An emergent strategy is a pattern of action that develops over time in an organization in the absence of a specific mission and goals, or despite a mission and goals.
Emergent strategy is sometimes called realized strategy. An emergent strategy or realized strategy differs from an intended strategy.
Mintzberg argues that strategy emerges over time as intentions collide with and accommodate a changing reality.
Emergent strategy is a set of actions, or behavior, consistent over time, "a realized pattern [that] was not expressly intended" in the original planning of strategy. When a deliberate strategy is realized, the result matches the intended course of action. An emergent strategy develops when an organization takes a series of actions that with time turn into a consistent pattern of behavior, regardless of specific intentions. "Deliberate strategies provide the organization with a sense of purposeful direction." Emergent strategy implies that an organization is learning what works in practice. Mixing the deliberate and the emergent strategies in some way will help the organization to control its course while encouraging the learning process. "Organizations ...[may] pursue ... umbrella strategies: the broad outlines are deliberate while the details are allowed to emerge within them" (Mintzberg, 1994, p. 23-25; Hax & Majluf, 1996, p. 17).
The above Mintzberg, H. (1994). The Rise and Fall of Strategic Planning. New York, NY: The Free Press.
Hax, A. C. & Majluf, N. S. (1996). The Strategy Concept and Process, A Pragmatic Approach. Upper Saddle River, NJ: Prentice Hall.
I created a fictional organization called ABC Corporation as an example.
At their core, every organization exists to provide value for stakeholders. Determining who those stakeholders are and determining how much risk the organization is willing to accept as it "strives to create value" is an important part of enterprise management (Flaherty, Maki, et. al., 2004).
Enterprise risk management is a concept used by managers within organizations to identify, assess, and manage risk. Developing a framework to gauge and improve risk management systems is an important task and in response to the cross-industry need for such a framework, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) released a comprehensive Executive Summary on the topic in 2004.
You can apply the framework of the COSO study to ABC Corporation.
Founded as a corporation almost ten years ago, ABC Corporation currently serves more ...
The financial strategies to create value for a firm and its shareholders is determined.