Value Creation

Program overview:

The program aims to integrate knowledge from different courses and business disciplines, as value creation requires simultaneous prioritization across all areas of business. A good governance structure will have implications for all aspects of management. As a result, this course will draw upon several business disciplines in addition to finance, though the focus will be on the financial aspects and perspective of corporate governance.

Poor corporate governance results in management focused on narrowly-defined, short-term objectives to the detriment of the long-term well-being (i.e., value creation) of the organization. 

Good corporate governance ensures management maintain an orientation toward value creation, meaning a broad perspective on the myriad elements of performance which drive value and a long-term focus to ensure proper management of the tradeoff between near-term resource allocations and future resource allocations. 

While many talks about the importance of long-term focus and sustainability, we will discuss these concepts using the rigor of the principles of finance which translate fuzzy language into more concrete implications and measurements. 

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"The idea of managing for value for me started when I was doing a PhD, trying to understand what value is and how we measure it."

 

Kevin Kaiser is senior director of the Harris Family Alternative Investments Program and adjunct professor of Finance at the Wharton School of the University of Pennsylvania. He was professor of Management Practice and on the finance faculty at INSEAD since 1992. Kevin holds a BA (Honors) in Economics from the University of Western Ontario and a PhD in Finance from the Kellogg School of Management at Northwestern University.

Kevin teaches extensively in executive and degree programs. He joined Wharton in 2017 from INSEAD where he was an eight-time recipient of the MBA award for Best Teacher for Electives and a three-time recipient of the EMBA award for Best Teacher for Electives.

For whom is this relevant?

  • all board members or managers of any business independent of ownership structure 
  • investors who seek to invest in and oversee successful organizations, such as those in private equity or activist hedge funds 
  • for those who invest in publicly traded companies and seek to be able to assess and distinguish value-oriented governance from non-value- oriented (and therefore likely value-destroying) governance, so as to avoid investing in value destroying companies. 
  • for those investing in or managing organizations, others for whom this content is important to include people going to consulting firms, investment banks, accounting firms, or law firms, who advise organizations on these issues. 

Format: one full day in a semi-offline format

Date: May 21

Interested in? Register and receive more information!

REGISTRATION