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Is It Time to Consider a Fixed Fee for Your Consulting Services?

Successful Independent Consulting

At some point you’ll master your specialty and work much more efficiently than others. You know you’re going to have to interview each of the division heads and other functional leaders, but you can leverage the interview questions from the last assessment you did.

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Frameworks for the Case Interview (Part II: Mergers and Acquisitions Framework)

Tom Spencer

The reason that this framework is worth introducing is due to the increasing frequency of M&A cases confronting candidates in the case interview. There are three main valuation methods you can use to estimate the value of the company: Discounted Cash Flow , Comparable Companies , and. Comparable Transactions.

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Case Math

Tom Spencer

Net Present Value: The NPV of an investment is the present value of the series of expected future cash flows generated by the investment minus the cost of the initial investment. Where r = discount rate; CFt = expected cash flow in year t; CFn = expected cash flow in final year; g = long term cash flow growth rate.

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We Can’t Study Short-Termism Without the Right Metrics

Harvard Business

Similarly, considering greater accruals (which represent the difference between reported income and operating cash flows) to measure short-term orientation has its difficulties. It assumes that a smaller proportion of cash flows in earnings indicates a myopic firm.

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A Blueprint for Digital Companies’ Financial Reporting

Harvard Business

In a follow up HBR article , we interviewed several chief financial officers (CFOs) of leading technology companies and senior analysts of investment banks and distilled seven key insights from those discussions. Based on these insights, we now propose a new blueprint for financial reporting of digital companies.

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Economies of Scope - Tom Spencer consulting blog

Tom Spencer

Distribution – Shipping a range of products is more efficient than shipping a single product. More stable cash flows are attractive for three reasons. Secondly, a strong cash position can also be used to extend credit to customers and thereby increase sales. Case Interviews. Graduate Consulting Group. Categories.

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