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Management article
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Reference no. 86101
Published by: Harvard Business Publishing
Published in: "Harvard Business Review", 1986

Abstract

Over the long term the stock market responds rationally to the adoption of business strategies that change the level and quality of a company''s future cash flows. The stock market usually processes available strategic information efficiently. It is at the business unit level that value is ultimately created or destroyed. To evaluate the performance of business units and the impact of strategic decisions on them, complement your own good judgment and creativity with the four steps described here.

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Abstract

Over the long term the stock market responds rationally to the adoption of business strategies that change the level and quality of a company''s future cash flows. The stock market usually processes available strategic information efficiently. It is at the business unit level that value is ultimately created or destroyed. To evaluate the performance of business units and the impact of strategic decisions on them, complement your own good judgment and creativity with the four steps described here.

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