Price :
Mon 28-Jan-2008
In today’s technology-driven, hyper-competitive, globalized economy, risks with new project investments are extraordinary. Yet the financial and the other intangible returns are exceptional if you are especially the first to bring innovative products to the market place. In no other industries is this risk-return contrast so pronounced than in technology, telecommunications, pharmaceuticals and biotechnology. The challenge for a senior manager involved in making decisions on major project investments is to decide when to choose, expand, contract, defer, or abandon projects to minimize the risks without compromising on the returns. The key lies in navigating your investments through today’s twisted market terrain by making the right decisions at each turn. Whereas the traditional decision tools such as discounted cash flow (DCF) analysis assume a “fixed” path ahead, today’s terrain calls for sophisticated tools such as real options to explore and exercise flexible strategies.
Considered one of the most useful innovations of modern finance, real options approach is based on Nobel-prize winning work by three MIT economists, Fischer Black, Robert Merton, and Myron Scholes. It is a systematic approach that helps you minimize upfront investment risks, exercise flexibility in decision-making, and maximize the returns.
At many conferences, there are some seats left unsold once the action starts. At Conference Bay, we want to give
you the opportunity to make a bid for these seats at a price you feel comfortable with. We will then contact the
conference organiser on your behalf and get back to you as soon as we hear from them.