The Fundamental Value Analysis as the Basis of Management Business Intelligence

In: Science

Submitted By themotto
Words 2201
Pages 9
Тренінгове завдання № 7 «Анотація»
Господинюк Євген, Добров Сергій ЕЕП-407
Світлана Михайлівна Клименко*
Наталія Валентинівна Шевчук*

У даній науковій статті представлено авторське бачення використання фундаментально-вартісного аналізу як основи розвитку управлінської бізнес-аналітики. Логіка змістовного наповнення фундаментальної вартості представлена в контексті дослідження цінності, фундаментальної вартості та ринкової капіталізації. В основу методології фундаментально-вартісного аналізу закладено концепцію економічного прибутку, який формується на основі порівняння прибутковості капіталу та витрат на капітал. Формування витрат на капітал знаходиться в фокусі фінансової аналітики, а обґрунтування відповідних рішень щодо структури капіталу відбувається на основі традиційно визначених критеріїв.
Ключові слова: фундаментально-вартісний аналіз, капітал, вартість, цінність, ліквідність, ризик, доходність.

В данной научной статье представлено авторское видение использования фундаментально-стоимостного анализа как основы управленческой бизнес-аналитики. Логика содержательного наполнения фундаментальной стоимости представлена в контексте исследования ценности, фундаментальной стоимости и рыночной капитализации. В основу методологии фундаментально-стоимостного анализа заложена концепция экономической прибыли, которая формируется на основе сравнения доходности капитала и расходов на капитал. Формирование расходов на капитал находится в фокусе финансовой аналитики, а обоснование соответствующих решений по структуре капитала происходит на основе традиционно определенных критериев.
Ключевые слова: фундаментально-стоимостной анализ, капитал, стоимость, ценность, ликвидность, риск, доходность.…...

Similar Documents

Business Intelligence

...Business Intelligence and the Supply Chain Prepared by La ‘Qresha Anstead, Naressa Hackeny, and Tracy Scott Prepared for Dr. Ismail CIS 500 Table of Contents Abstract3 2.0 Business Intelligence4 2.1 Business Intelligence Uses5 3.0 Supply Chain5 References12 Abstract Technology is a leading force of lucrative business outcomes in today’s competitive market. Business Intelligence (BI) plays a huge role in a constructive supply chain process of many manufacturers. Companies face many struggles when relying on memory and spreadsheet data alone. Retrieving real time data about a company’s internal and external strengths and weaknesses, user comprehension of the association between different data to form valuable business decisions, developing new opportunities, cost reduction and optimal use of resources, are all components of Business Intelligence (Business Intelligence). There are four benefits of BI, they are quantifiable, indirectly quantifiable, un-predictable and intangible. These benefits are unique in their own ways such as, making sure companies run more efficient, proven evidence and results and improving communication, job satisfaction and knowledge, respectively. The execution of supply chain involves five groups of users. With so many people involved in the process of a finished product, communication is one of the most relevant and imperative steps. BI allows suppliers, manufactures, distributors, retailers and customers within limitation to......

Words: 2277 - Pages: 10

Business Intelligence

...European Conference on Information Systems BENEFITS AND CHALLENGES OF BUSINESS INTELLIGENCE ADOPTION IN SMALL AND MEDIUM-SIZED ENTERPRISES Journal: Manuscript ID: Submission Type: Keyword: 18th European Conference on Information Systems ECIS2010-0252.R1 Research Paper Business intelligence, Decision support systems (DSS), Information technology adoption, Organizational characteristics Page 1 of 12 18th European Conference on Information Systems BENEFITS AND CHALLENGES OF BUSINESS INTELLIGENCE ADOPTION IN SMALL AND MEDIUM-SIZED ENTERPRISES Scholz, Patrick, HOERBIGER Holding AG / Chemnitz University of Technology, Hannawaldweg 12, 09405 Zschopau, Germany, / Schieder, Christian, Chemnitz University of Technology, Thueringer Weg 7, 09126 Chemnitz, Germany, Kurze, Christian, Chemnitz University of Technology, Thueringer Weg 7, 09126 Chemnitz, Germany, Gluchowski, Peter, Chemnitz University of Technology, Thueringer Weg 7, 09126 Chemnitz, Germany, Boehringer, Martin, Chemnitz University of Technology, Thueringer Weg 7, 09126 Chemnitz, Germany, Abstract Leveraging information is a key success factor for companies. Over the last two decades Business Intelligence (BI) has evolved to become a foundational cornerstone of......

Words: 4643 - Pages: 19

Business Intelligence

...Business Intelligence-The Next Ruler of IT Monalisa Mishra “In GOD we trust for everything else we need data” -W. Edwards Deming In the present era the old saying has become the buzz of corporate circle and going forward this will be the base principle of decision makers across the world. Welcome to the era of objective thinking powered by technology that has given a new dimension to business and management. With the passage of time more and more companies are coming forward to adopt, improvise and leverage on technology and Business Intelligence has proved to be the flag bearer in this upcoming trend. Business Intelligence, in layman terms, is data converted to information and available in ready to use format that can be further analyzed, modified and transformed as per the changing demand. The industries today are mostly into some or other form of nascent technology that speaks of raw form of information. Basically, these systems are into huge data repository that provides real time information or basics analytic tools that can provide historical analysis. But the future has a lot more to offer. Imagine an automotive plant with fluctuating marketing demand , supply chain constraint and increasing production costs. In such a scenario, we can only expect something beyond human intelligence to give smart solution that approximately optimizes every aspect. Now let us think of a system that is integrated with the production system and marketing technical system. This......

Words: 1375 - Pages: 6

Business Intelligence

...Running Head: BUSINESS INTELLIGENCE A REVIEW OF LITERATURE Business Intelligence: A Review of Literature Richard Clark Liberty University Abstract An explorative and descriptive review of literature on Business Intelligence (BI). It presents various definitions of the term “Business Intelligence” and determines that regardless the definition is a “means” to “end”, which sound business or organizational decision making, specifically in strategic planning and management. It also presents several important differentiation of Business Intelligence from data-centric technologies, and enterprise applications. It describes business intelligence architecture and its components. It identifies capabilities and benefits to be derive from it, barriers to its successful implementation, and critical success factors. It identifies BI software vendors, trends and forecast, and ethical considerations. It concludes with a conceptual framework that shows business intelligence as a process that produces intelligence necessary for strategic planning and management, that in turn results to a strategy that creates competitive advantages. This paper is an explorative and descriptive review of literature on Business Intelligence (BI). An exploratory research as the name suggests explores a problem or a situation with the purpose of defining an ambiguous problem. It is undertaken from the perspective of a student in management and of an IT “dummy”. Consequently, the review strategy......

Words: 7412 - Pages: 30

Business Intelligence

... Abstract Business intelligence (BI) is a grouping of different resources that affect the way data is utilized within businesses. The technologies available with business intelligence focus on utilizing the data within a company the best possible way. The successfulness of business intelligence relies on the constant evolving of the solutions as well as the scalability of the program. Business intelligence solutions are available in self- service options as well mobile choices and use on the cloud. Business intelligence has and is making a big impact on companies all over the world in many different ways. Business Intelligence is a set or collection of concepts, procedures, styles, and technologies that change basic data into beneficial and valuable information for business related purposes. One main purpose of business intelligence is to take on large amounts of indistinct data in order to piece together and create new opportunities for a variety of business types. (Cooper & Schindler, 2014)The incorporation of business intelligence helps businesses process large amounts of data easily in order for the business to take on new prospects and put into place new and effective strategies for the business to gain market advantage and achieve long-term stability. (Jullens, 2013) The technologies utilized by business intelligence incorporate past, present and future possibilities for business procedures. Business intelligence utilizes presentations and ...

Words: 4093 - Pages: 17

Fundamental Analysis

...■ Fundamental Analysis: Fundamental analysis is a technique that attempts to determine a security’s value by focusing on underlying factors that affect a company's actual business and its future prospects. On a broader scope, you can perform fundamental analysis on industries or the economy as a whole. The term simply refers to the analysis of the economic well-being of a financial entity as opposed to only its price movements Fundamental analysis serves to answer questions, such as: • Is the company’s revenue growing? • Is it actually making a profit? • Is it in a strong-enough position to beat out its competitors in the future? • Is it able to repay its debts? • Is management trying to "cook the books"? The term fundamental analysis is used most often in the context of stocks, but we can perform fundamental analysis on any security, from a bond to a derivative. As long as we look at the economic fundamentals, we are doing fundamental analysis. For the purpose of this tutorial, fundamental analysis always is referred to in the context of stocks. Intrinsic Value of Fundamental Analysis: Intrinsic value is one of the primary assumptions of fundamental analysis is that the price on the stock market does not fully reflect a stock’s “real” value. In financial jargon, this true value is known as the intrinsic value. For example, let’s say that a company’s stock was trading at $20. After doing extensive homework on the company, we determine...

Words: 3957 - Pages: 16

Business Intelligence

...Strategy 11 4.3.2 Business-Level Strategy 12 4.3.4 Operational Strategy 13 4.3.5 Bi implementation strategies 14 4.3.5 Balance Scorecard (BSC) 15 5. The Macro Environment of Sensible Solution Ltd 17 5.1 Swot Analysis 17 5.2 Pestle Analysis 18 6. CONCLUSION/RECOMMENDATIONS 19 7. REFERENCES 21 LIST OF FIGURES Figure 1:Linking Sensible Solution Ltd strategy and goals with Business Intelligence 5 Figure 2:Linkage in Organisation & Functional Benefits of Business Intelligence 6 Figure 3:What business intelligence means in practice 7 Figure 4:The Road Map of BPM define the steps that the company needs to follow as a guide to ensure that the I.T Strategic has the same goals as business strategy 9 Figure 5:ERP integration of all departments within organisation 10 Figure 6:The Enterprise Data Model is the Foundation for Linking Strategy and Analytic Capabilities - it Links the Data to the Business Strategy 11 Figure 7:Business Strategy and BI capabilities 12 Figure 8:The layout of Corporate Strategy, Business Strategy and Operational strategy Links to BI 13 Figure 9:The BI Pathway Methods 14 Figure 10:Business intelligence development process flow from requirements through implementation. 15 Figure 11: The logic of the balanced scorecard 16 Figure 12: SWOT analysis 17 Figure 13 :PESTLE Analysis of Sensible Solution 18 LIST OF APPENDIX APPENDIX A APPENDIX B 1. EXECUTIVE SUMMARY This report seeks to propose business intelligence (BI)......

Words: 4398 - Pages: 18

Artificial Intelligence in Business Management

...Artificial intelligence (AI) technology through applications are steadily gaining a reputation of unlimited potential in the business sector as it brags real-time data analysis and virtually flawless reporting capabilities. Artificial intelligence respectfully enhances industry to better forecast product demand, inventory and distribution and financial markets. When strategically employed this technology offers business managers the ability to make educated decisions in less time that yield the most impact and greater returns. It removes most of the requirement for human rational and replaces it with cold hard facts leaving minimal room for error. The term Artificial Intelligence was crafted by John McCarthy in the 1950’s at Darmouth College (WebDevFaq). The premise of the technology is to imitate the intelligent processes of the human brain by performing reasoning and logic based computing based on sets of rules. As an AI application is utilized it learns from the input and output of data and has the ability to identify patterns that are also used as a subset of rules to produce tailored responses. Its primary charter is to increase the efficiency of tasks that would usually be performed by a human being and removes the personal judgment and intuition work from the decision making process and replaces it with real-time, exact and informative expertise. PRODUCT DEMAND, INVENTORY AND DISTRIBUTION The days of crunching statistics, evaluating sales history and......

Words: 1115 - Pages: 5

Business Value Chain Analysis

...网上找到了一篇value chain of hilton的文章 ,只想给你看一下大体框架,内容还是要结合我们的酒店来分析,毕竟和hilton不一样,但是感觉这篇应该有帮助。 还是看看那五部分参考改改吧亲麻烦了。 In order to examine the development of competitive advantage in business analysis we can use the value chain. The value chain contains activities that help to create and to build value in the particular business. Relying on this analysis, managers can clearly clarify which activities would add value into the business and which would not efficient. According to Porter theory, we know that organization has two activities such as “Primary” and “Support” activities. The “primary” activities contain inbound logistics, outbound logistics, marketing & sales, operations and service. The “Support” activities include HRM, technology, infrastructure and procurement. Before we start the consideration of Hilton’s needs, we need to identify which activities need to focus on. Lets start from “Support” activities that Hilton hotel needs to focus on: 1)  Infrastructure As we know that Hilton Hotel is an international hotel with many resorts and accommodations around the world. One of the hotel’s goal is that expectations to get high quality of hotel service must be met for customers. Therefore, Hilton has efficient system to control performances of the company and there are a list of main factors such as cleanliness, quality, service, atmosphere and maintenance that uses to maintain its achievements in all branches. Moreover, hotel rooms and common areas of the hotel must be......

Words: 1672 - Pages: 7

Comparative Analysis of Business Intelligence Tools

...Business Intelligence: Business intelligence (BI) is a technology-driven process for analyzing data and presenting actionable information to help corporate executives, business managers and other end users make more informed business decisions. Business intelligence tools are a type of application software designed to retrieve, analyze, transform and report data for business intelligence. The tools generally read data that have been previously stored, often, though not necessarily, in a data warehouse or data mart. BI Tools Analyzed: When preparing the analysis of the business intelligence tools, I made a personal preference of analyzing the tools leading in the Gartner chart, and that these tools must have efficient service and customer usage. The 5 business intelligence tools which I have selected are as follows: 1. IBM Cognos Link: 2. Oracle BI 12c Link: 3. SAS Enterprise Intelligence Platform Link: 4. Microsoft SQL Server + MS SharePoint Server Link: 5. MicroStrategy Link: Criteria used for Evaluation: I have researched for multiple criteria and then grouped them into 5 main groups......

Words: 1293 - Pages: 6

Business Intelligence

...SPECIAL ISSUE: BUSINESS INTELLIGENCE RESEARCH BUSINESS INTELLIGENCE AND ANALYTICS: FROM BIG DATA TO BIG IMPACT Hsinchun Chen Eller College of Management, University of Arizona, Tucson, AZ 85721 U.S.A. {} Roger H. L. Chiang Carl H. Lindner College of Business, University of Cincinnati, Cincinnati, OH 45221-0211 U.S.A. {} Veda C. Storey J. Mack Robinson College of Business, Georgia State University, Atlanta, GA 30302-4015 U.S.A. {} Business intelligence and analytics (BI&A) has emerged as an important area of study for both practitioners and researchers, reflecting the magnitude and impact of data-related problems to be solved in contemporary business organizations. This introduction to the MIS Quarterly Special Issue on Business Intelligence Research first provides a framework that identifies the evolution, applications, and emerging research areas of BI&A. BI&A 1.0, BI&A 2.0, and BI&A 3.0 are defined and described in terms of their key characteristics and capabilities. Current research in BI&A is analyzed and challenges and opportunities associated with BI&A research and education are identified. We also report a bibliometric study of critical BI&A publications, researchers, and research topics based on more than a decade of related academic and industry publications. Finally, the six articles that comprise this special issue are introduced and characterized in terms of the proposed BI&A research......

Words: 16335 - Pages: 66

Fundamental Analysis Fundamental Analysis Strategy and the Prediction of Stock Returns Jaouida Elleuch* Faculty of Economics and management sciences (FSEG), University of Sfax, Tunisia E-mail: Abstract This paper examines whether a simple fundamental analysis strategy based on historical accounting information can predict stock returns. The paper’s goal is to show that simple screens based on historical financial signals can shift the distribution of returns earned by an investor by separating eventual winners stocks from losers. Results show that historical accounting signals can be used to improve the entire distribution of future returns earned by an investor. In fact, despite the overall down activity of the market over the sample period chosen, results reveal that fundamental accounting signals can be used to discriminate from an overall sample generating future negative returns of -0,116 a winner portfolio that provide positive future return of 0,019 from a loser one generating a negative return of -0,229. The over-performance of the winner portfolio seems to be attributable to the ability of the fundamental signals to predict future earnings. In fact, results show that fundamental signals have a positive and significant correlation with future earnings performance and that the winner portfolio have a future earning’s realisation (0,100) that outperforms that of the loser portfolio (-0,012). Keywords: Fundamental Analysis, Market......

Words: 7445 - Pages: 30

Fundamentals of Business Management

...ESWEB BUSINESS & ECONOMICS MODULE FUNDAMENTALS OF BUSINESS MANAGEMENT Prepared by: Prof.Dr.Gazmend Luboteni UNIVERSITY OF PRISHTINA KOSOVO PRISHTINA, 2006 FUNDAMENTALS OF BUSINESS MANAGEMENT I. BUSINESS AND INVESTMENT A business is one or more individuals selling products or services for profit. Products such as athletic apparel (NIKE, Reebok, Converse), computers (Packard –Bell, Hewlett-Packard, Apple) and clothing (Levis, REI, GAP) are part of our lives. Services like information communication (America Online, CompuServe, and Microsoft), dining (McDonald’s, Burger King, Wendy’s), and car rental (Hertz, Budget, Alamo) make our lives easier. A business can be as small as an in-home child care service or as massive as Wal-Mart. Nearly 1 million new businesses are started in the United States each year, no different than Job Direct in the opening article. Most of these are started by people who want freedom from ordinary jobs, a new challenge in life, or the advantage of extra money. Business Profit A common feature of all businesses is the desire for profit. Profit, also called net income or earnings, is the amount a business earns after subtracting all expenses related to its sales. Sales, also called revenues, are the amounts earned from selling products and services. Expenses are the...

Words: 21383 - Pages: 86

Business Management Analysis

...globe. According to the Haier Group official website, Haier now has over 240 subsidiaries companies, over 110 design centers, plants and trading companies and over 50,000 employees throughout the world. Besides doing home appliances business, Haier’s also focused on technology research, manufacturing, trade and financial services. Eventually, the global revenue of Haier for 2005 was RMB 103.4 billion. 1.1 Ownership of The Company According to Financial times, as far as transforming moments in a CEO’s Career, Mr. Zhang Ruimin is the chairman of the Board of Directors and CEO of Haier Group. Mr. Zhang’s current goal is to further enhance Haier’s leadership in Chinese and global markets and strengthen the reputation of Haier’s brand worldwide. In 1984, Zhang Ruimin was appointed as the director of the Qingdao Refrigerator Factory, a small, ailing collectively-owned factory in the Shandong province of China. Under his leadership and unique management philosophy, the company has since grown to become the Haier Group as now to be the China leading’s home appliance brand, and one of the world’s largest home appliances makers with the distribution presence over 100 countries. Mr. Zhang’s management philosophy is a blend of international management principles and Chinese wisdom with innovation and excellence as its cornerstones. It is the driving force behind the motivation and enthusiasm of Haier’s staff over 50,000 employees worldwide. He acts as a role model for modern......

Words: 8738 - Pages: 35

Business Intelligence

...BI Norwegian School of Management – Thesis Master of Science in Innovation and Entrepreneurship GRA 19002 Convergence, Complementarity or Disruption: Enterprise Search and Business Intelligence By Vedrana Jez Hand-in date: 01.09.2009 Supervisor: Dr. Espen Andersen This thesis is a part of the MSc programme at BI Norwegian School of Management. The school takes no responsibility for the methods used, results found and conclusions drawn. Acknowledgments I would like to thank my supervisor, Dr. Espen Andersen, for his support and guidance throughout the project. I am also grateful to all participants in this research for their contribution and time. Finally, I thank my family for their understanding, encouragement and patience. Thesis 01.09.2009 Content Content ..................................................................................................................... i Abstract .................................................................................................................. iv Introduction ............................................................................................................ 1 Research Methodology ........................................................................................... 2 Research Question .........................................................................................................2 Method Used ..................................................................

Words: 19593 - Pages: 79