Unlocking Business Value: Transforming Strategic Plans into Financial Success.
The article explains how to determine the value of a business using a method called discount cash flow. It breaks down the process into four main steps: turning strategic plans into financial forecasts, calculating free cash flows, choosing the right discount rate, and considering the business's value beyond the forecast period. The researchers show how to systematically conduct business valuation, emphasizing the importance of including the business's long-term value in the calculation.