"This programme will give you the tool kit, the conceptual understanding and the real-world ability to make sure you’re making the right decisions to help your clients and your companies to survive and thrive."
Whether they are seasoned M&A advisors or C-suite executives, even the most experienced professionals need new insights. This is particularly true in the areas of valuation, investment decision-making and corporate strategy, where it is all too tempting to slip into simple mechanical processes without asking 'why?' Indeed the failure to ask the right questions may explain why so many investments and acquisitions result in the destruction – rather than creation – of value. Regardless of economic conditions all managers need to be able to assess and differentiate the value of a decision from the cost of the decision – in order to win in a competitive environment and survive in the long term.
In the Advanced Valuation Programme, experienced participants for whom valuation is a central part of their work are exposed to a conceptually challenging curriculum, exploring both the theoretical basis and practical application of all major elements of discounted cash flow valuation. You learn to differentiate between long-term value-creating strategies and short-term indicators, such as share price, earnings per share, market share, revenue growth, increased profit and customer satisfaction. Above all, you learn to ask the questions that will build value for the future.
Key benefits
Learn how to distinguish value creation from value destruction in order to ensure long-term competitive success and survival
Deepen your understanding of the 'why we do it that way' behind the valuation concepts you practise daily
Develop the ability to handle cross-border, emerging-market and other complicated valuations
Question common practices and identify common mistakes and misunderstandings
Attend this Finance programme in Paris
INSEAD's new Advanced Valuation Programme will take place in the prestigious Châteauform in Paris, one of the world's leading business and cultural centres, from 4 - 6 April 2013.
The programme works through the following content, using numerous examples and a single central case study to build on the knowledge acquired each day. Themes covered during the programme include:
Fundamentals of valuation: 'pricing' versus 'valuation methods'; value creation; Opportunity Cost of Capital versus Weighted Average Cost of Capital
Evaluating a company’s strategic position: using data and historical analysis to estimate and interpret important economic indicators
Forecasting cash flows and continuing value: developing accurate forecasts using 'top-down' and 'bottom-up' techniques
Potential complications: complicated tax scenarios; valuation of foreign companies, including the developing world; political risk and government intervention.
The Advanced Valuation Programme is designed for experienced professionals who want to expand their knowledge and gain new insights into company valuation. Participants are typically: bankers involved in advising corporate clients; corporate finance consultants or accountants; M&A professionals (either from advisory firms
or corporate development staff); private equity professionals involved in assessing investment opportunities; and others, such as general managers, who are involved in investment decision-making or responsible for corporate finance strategy.
Applicants should have significant valuation experience and be familiar with the basic valuation concepts, such as definition of free cash flows, the costs of capital, the CAPM and/or the APT.
At INSEAD you will be in a classroom with peers, drawn from all over the world, who are facing similar issues and challenges to yours. You will learn from the fusion of world-class faculty, thought leadership and global diversity that delivers a unique learning experience and transforms the thinking of business executives from all over the world.
Great minds don’t think alike
INSEAD’s professors represent many cultures, disciplines, and perspectives. Led by acknowledged world experts in their own particular fields, programme faculty remain intimately close to business and most are engaged in cross-disciplinary research.*
Kevin Kaiser joined the finance faculty at INSEAD in 1992 where he is currently Professor of Management Practice and also Director of the INSEAD's flagship Transition to General Management programme. Kevin teaches extensively in the executive and MBA programmes at INSEAD and is an eight-time recipient of the MBA award for Best Teacher for Electives, Fontainebleau campus. He also teaches at numerous institutes and for private clients throughout Europe, Africa, the Middle East, and Asia. Read more...
*programme faculty may change
Dates & Fees
Dates
Length
Location
Tuition Fees*
14 Oct 2013 to 16 Oct 2013
3 days
Paris
€ 5,750
This programme is eligible for the INSEAD Executive Certificate in Global Management.
Please click here for more information about the terms and conditions.
For full details on how to apply, accommodation, and cancellation conditions please visit the Practical Information page.
* Fee subject to change. For programmes delivered in France, VAT (19.6%) to be added for companies based in France, or for European companies where no VAT number is supplied. For programmes delivered in Singapore, GST (7%) to be added for Singapore-registered companies.
