Strategic Business Portfolio Management - Kenck, Tony
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STRATEGIC BUSINESS PORTFOLIO MANAGEMENT is suitable for neophytes and experienced practitioners. It will demystify portfolio management and is the best option for your path to practical portfolio solutions. Harry Markowitz developed the concepts of securities portfolio analysis in the 50s. But, managing business assets differs in important ways from security analysis. This book is a practical guide to understanding the best ways to manage your business portfolio and achieve the best results. With good portfolio management, a firm can improve its results by 30% or more compared to a standalone…mehr

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Produktbeschreibung
STRATEGIC BUSINESS PORTFOLIO MANAGEMENT is suitable for neophytes and experienced practitioners. It will demystify portfolio management and is the best option for your path to practical portfolio solutions. Harry Markowitz developed the concepts of securities portfolio analysis in the 50s. But, managing business assets differs in important ways from security analysis. This book is a practical guide to understanding the best ways to manage your business portfolio and achieve the best results. With good portfolio management, a firm can improve its results by 30% or more compared to a standalone analysis. The book explains key concepts, multiple use cases, and "war stories" in which results differed from expectations and why. It culminates with a description of the pitfalls of implementing and operating a portfolio analysis and management practice. The book's focus is on strategic and tactical management of real assets and is unique in the literature. Most other portfolio management books focus on operation and project portfolio management, which optimize in the very short term. It is the first book with this focus and level of detail. The author had no such guide when embarking on his portfolio journey in 2001. THIS BOOK COVERS: Framing your portfolio problem, The three technical and two organizational critical success factors for portfolio management, Selecting the tools and methods you need to analyze your problem or questions: Is standalone economic analysis süicient? Are rank-and-cut and slice-and-dice enough? How about categorical grids with stars and dogs? Do we need to optimize our portfolio? How does Monte Carlo analysis fit in? The importance of Change Management and Leadership Support, and Implementing portfolio management solutions. Along the way, you will learn what "good decision" means, details about financial metrics, how to avoid blind alleys and pitfalls that will lead to failure, and how to organize your data for input, analysis, and output. Using the techniques and concepts in this book, you will be the portfolio expert in the room. In these VUCA times (Volatility, Uncertainty, Complexity, and Ambiguity), forecasting is fruitless. Make portfolio management, uncertainty analysis, and scenario planning your friends. This book belongs in every strategic planner's or analyst's library.
Autorenporträt
Tony Kenck formed Practical Portfolio Management LLC in 2020 after a long career with Chevron. Although he started his career as an earth scientist (Colorado School of Mines, BSc. Geophysical Engineering '79), he found himself repeatedly drawn to decision and risk analysis. He knew in his gut that those analyses could be improved and were important. He was on Texaco's Exploration Risk Committee and developed economic analyst skills to screen new opportunities more effectively. While serving as the "spreadsheet dude" for Texaco Brazil's New Country Entry Team, he earned an MBA from the University of St. Thomas, thereby completing his journey to the dark side. He first learned about efficient frontiers in his MBA Finance class. It seemed like destiny. When Chevron and Texaco merged in 2001, he joined the international upstream planning and strategy group. In that role, he led the development of tools and standards used at Chevron for over 20 years. Subsequently, he became the Manager of Planning and Portfolio in Chevron's Corporate Business Development Department, providing portfolio perspectives on a wide range of multi-billion-dollar investment opportunities. He developed teaching materials and eventually trained hundreds of people in portfolio analysis and basic financial and economic decision metrics. Since leaving Chevron, he has focused on writing Strategic Business Portfolio Management and engaged in various consulting roles. His portfolio analysis and management experience includes corporate center, exploration, research and development, environmental remediation, acquisitions and divestitures, and carbon reduction. His passion is teaching the next generation of portfolio analysts and helping firms implement their own portfolio management practices and tools. Tony is a Fellow of the Society of Decision Professionals (SDP) and the President of the Denver Chapter of the SDP. He and his wife, Kathleen, live in Golden, Colorado. Tony loves to help firms discover opportunities to do portfolio work. He is available for free initial consultations and longer-term engagements and is happy to talk with anyone about portfolio management. He believes that good portfolio analysis and management is the next frontier for engineering, finance, and economics and is eager to help companies improve in that direction.