A Cure for Clinical Trials - Clinical trials are a vital step in bringing new drugs to market. But while pharmaceuticals companies pay close attention to the scientific side of designing their clinical trials, few consider how they will get enough patients to participate. As a result, most trials are plagued by delays that can cost pharma companies millions of dollars in missed sales. - Janice Cruz Rowe, Martin E. Elling, Judith G. Hazlewood, and Randa Zakhary

Compensation, Incentives and Organizational Change: Ideas and Evidence from Theory and Practice  Is establishing a strong, positive relation between rewards and performance critical to bringing about value-creating organizational change. - Karen Hopper Wruck

Sun Tzu's The Art of War - Sun Tzu was a Chinese General in the 5th or 6th century before the common era. This is during the warring years of the late Chou dynasty. He is the author of the Ping Fa, the Art of War, which some consider the best single book ever written on the subject.

Game Theory - Fifty years old and newly prominent, thanks to the 1994 Nobel Memorial prize to Nash, Selten and Harsanyi, and the recent movie "A Brilliant Mind" game theory and its application to economics are finding their way into business. What is it and how can I use it.

Information Transparency: Can You Value What You Cannot See? - How do we reflect the transparency (or the opacity) of a firm’s financial statements in its value? Should we reward firms that have simpler and more open financial statements and punish firms that have complex and difficult-to-understand financial statements? If so, which input in valuation should be the one that we adjust? - Aswath Damodaran

What's Wrong with Modern Capital Budgeting?
Is taking total risk into account in capital budgeting necessary to make capital budgeting and capital structure decisions consistent? - René M. Stulz

Equity Compensation Strategies For Emerging Growth Companies
WSGR the top law firm in IPOs gives their opinion. - Timothy J. Sparks

Strategic Planning - What is it? How is it done? Why should you do it? When should you do it

5 Habits of Highly Reliable Organizations - The worst thing about recent business scandals is their lingering aftereffect: How can you move forward when you don't know who you can depend on? Karl E. Weick says the answer is inside highly reliable organizations. For them, uncertainty is the "good stuff"...

Valuing Private Firms - There are thousands of private firms that range from the Mom and Pop business to those that rival public companies. How are they different and how do you value them? - Aswath Damodaran                     

A Measure of Success - You know a lot about your customers. You know who they are, where they live, what their buying habits are. And if you're like most companies, you've done absolutely nothing with that pile of market intelligence. -  Larry Selden and Geoffrey Colvin 

Click and Dagger - Competitive intelligence has been around almost as long as capitalism itself. - Anne Stuart 

Competitive Intelligence: A Librarian's Empirical Approach - What are the various types of information required for CI activity, as well as reliable sources to monitor. -  Margaret Gross 

Management Skills, Competencies, and Commonsense - Our goal here is to distill relevant distinctions between three management dimensions: skills, competencies, and commonsense. Not one dimension is admittedly more important than another, but we can always hazard to guess... - Henry Astorga

Technological Wizardry Aside, How Can the Internet Reshape Your Business? - Now that the once frenzied pace of Internet infrastructure development has hit a lull, businesses can catch their breath and reflect less on technology and more on the Internet's ability to help companies set strategy... - Wharton School of Business

New Leaders, New Agenda These six leaders stepped into their top jobs at a time of enormous challenge. Here's what each of them has to say about their approach to passing today's tough test and setting the agenda for the future... - Alison Overholt

CEO's Who Should Lose Their Job - It's the new era of accountability: Most of the nation's worst-performing bosses have been shown the door. But what about the guys who just won't go? Meet the Teflon CEOs. Poor results, declining stock prices, and strategic blunders just seem to slide right off them. - Fast Company

Do the Right Thing - How does a commitment to "do the right thing" as it's applied to customers, employees, and other stakeholders affect an organization's daily decision making? - HBS Working Knowledge

The Corporate Machine - Achieve World Domination using Corporate Strategy in this challenging game.

Copyright Basics - Defines all the basic questions surrounding copyright in the USA from the U.S. Copyright Office    

Yellow-Light Leadership: How the World’s Best Companies Manage Uncertainty - After the recession most advanced CEO's have moved beyond the "vision thing" - Bruce A. Pasternack and James O'Toole

New Business Models for Breakthrough Growth - Innovation for Value Creation - The Next-Generation Pharmaceutical Value Chain - Arthur D. Little

Innovative Sourcing Strategies - The efficient allocation of capital, particularly in the "make or buy" decision, has the power to increase earnings and shareholder value. The state of the pharmaceutical industry makes strategic sourcing decisions more important and more urgent than ever. - Pamela McNamara and Roland Andersson

Valuation - Hate having to work with a dozen spreadsheets to value a firm, here they all are on one spreadsheet - a ratings estimator, an earnings normalizer, an R&D converter, an operating lease converter, a bottom-up beta estimator and industry averages. Try it out and make your own additions. - Aswath Damodaran

How to Run a Company Well - Those who make it to the top frequently fail: they stay for shorter and shorter periods. And there is more competition than there used to be for the talents of top bosses because private equity now offers another option. Here are the 10 commandments of leadership from the Economist.

What is Conjoint Analysis?  - During the annual budget meeting, the sales manager wants to know why two of his main competitors are gaining share. Do they have better widgets? Do their products appeal to different types of customers? What is going on in the market? This java based software allows you to see the importance of conjoint analysis in making informed marketing decisions. Conjoint Analysis

Porter on Strategy and Application - It might just change the way you look at business and the "new economy".

Turning Goals into Results - Most executives have big "hairy" goals and here is the way to make them become a reality.

Five Capital Budgeting Analysis (xls) - Basic program for doing capital budgeting analysis with inclusion of opportunity costs, working capital requirements, etc. - Adamodar Damodaran

Rating Calculation (xls) - Estimates a rating and cost of debt based on the coverage of debt by an organization - Adamodar Damodaran

LBO Valuation (xls) - Analyzes the value of equity in a leverage buyout (LBO) - Adamodar Damodaran

Synergy (xls) - Estimates the value of synergy in a merger and acquisition - Adamodar Damodaran

Valuation Models (xls) - Rough calculation for choosing the correct valuation model - Adamodar Damodaran

Risk Premium (xls) - Calculates the implied risk premium in a market. (uses macro's) - Adamodar Damodaran

FCFE Valuation 1 (xls) - Free Cash Flow to Equity (FCFE) Valuation Model for organizations with stable growth rates - Adamodar Damodaran

FCFE Valuation 2 (xls) - Free Cash Flow to Equity (FCFE) Valuation Model for organizations with two periods of growth, high growth initially and then stable growth - Adamodar Damodaran

FCFE Valuation 3 (xls) - Free Cash Flow to Equity (FCFE) Valuation Model for organizations with three stages of growth, high growth initially, decline in growth, and then stable growth - Adamodar Damodaran

FCFF Valuation 1 (xls) - Free Cash Flow to Firm (FCFF) Valuation Model for organizations with stable growth rates - Adamodar Damodaran

FCFF Valuation 2 (xls) - Free Cash Flow to Firm (FCFF) Valuation Model for organizations with two periods of growth, high growth initially and then stable growth - Adamodar Damodaran

Time Value (xls) - Introduction to time value concepts, such as present value, internal rate of return, etc.

Lease or Buy a Car (xls) - Basic spreadsheet for deciding to buy or lease a car.

Top Five NPV & IRR (xls) - Explains Internal Rate of Return, compares projects, etc.

Real Rates (xls) - Demonstrates inflation and real rates of return.

Template (xls) - Template spreadsheet for project evaluation & capital budgeting.

Top Five Free Cash Flow (xls) - Cash flow worksheets - subsidized and unsubsidized.

Capital Structure (xls) - Spreadsheet for calculating optimal capital structures using different percents of debt.

WACC (xls) - Calculation of Weighted Average Cost of Capital using beta's for equity.

Statements (xls) - Generate a set of financial statements using two input sheets - operational data and financial data.

Bond Valuation (zip) - Calculates the value or price of a 25 year bond with semi-annual interest payments.

Buyout (zip) - Analyzes the effects of combining two companies.

Cash Flow Valuation (zip) - Walks through a valuation of cash flows under three models- capital cash flows, equity cash flows, and free cash flows.

Financial Projections (zip) - Spreadsheet model for generating projected financials along with valuation based on WACC.

Leverage (zip) - Shows the effects on Net Income from using debt (leverage).

Ratio Calculator (zip) - Calculates a standard set of ratios based on input of financial data.

Stock Value (zip) - Calculates expected return on stock and value based on no growth, growth, and variable growth.

CFROI (xls) - Simplified Cash Flow Return on Investment Model.

Financial Charting (zip) - Add on tool for Excel 97, consists of 6 files.

Risk Analysis (exe) - Analysis and simulation add on for excel, self extracting exe file.

Black Scholes Option Pricing (zip) - Excel add on for the pricing of options.

Cash Flow Matrix - Basic cash flow model.

Business Financial Analysis Template for start-up businesses from Small Business Technology Center

Forex (zip) - Foreign market exchange simulation for Excel

Hamlin (zip) - Financial function add-on's for Excel

Tanly (zip) - Suite of technical analysis models for Excel

Financial History Pivot Table - Microsoft Financials

Income Statement What If Analysis

Breakeven Analysis (zip) - Pricing and breakeven analysis for optimal pricing - Biz Pep.

SLG Ratio Master (exe) - Excel workbook for creating 25 key performance ratios.

DCF - Menu driven Excel program (must enable macros) for Discounted Cash Flow Analysis from the book Analysis for Financial Management by Robert C. Higgins

History - Menu driven Excel program (must enable macros) for Historical Financial Statements from the book Analysis for Financial Management by Robert C. Higgins

Proforma - Menu driven Excel program (must enable macros) for Pro-forma Financial Statements from the book Analysis for Financial Management by Robert C. Higgins

Business Valuation Model (zip) - Set of tabbed worksheets for generating forecast / valuation outputs. Includes instruction sheet. Bizpep

LBO Model - Excel model for leveraged buy-outs

Comparable Companies - Excel valuation model comparing companies

Combination Model - Excel valuation model for combining companies

Top Five Balanced Scorecard - Set of templates for building a balanced scorecard.

Cash Model - Template for calculating projected financials from CFO Connection

Techniques of Financial Analysis - Workbook of 11 templates (breakeven, valuation, forecasting, etc.) from ModernSoft

Ratio Reminder (zip) - Simple worksheet of comparative financials and corresponding ratios from Agilicor

Risk Analysis IT - Template for assessing risk of Information Technology - Audit Net

Risk Analysis DW - Template for assessing risk of Data Warehousing - Audit Net

Top Five Excel Workbook 1-2 - Set of worksheets for evaluating financial performance and forecasting - Supplemental Material for Short Course 1 and 2 on this website.

Rule Maker Essentials - Excel Template for scoring a company by entering financial data - The Motley Fool

Rule Maker Ranker - Excel Template for scoring a company by entering comparable data - The Motley Fool

IPO Timeline - Excel program for Initial Public Offerings (must enable macros)

Assessment Templates - Set of templates for assessing an organization based on the Malcolm Baldrige Quality Model.

Cash Gap in Days - Spreadsheet for calculating number of days required for short-term financing.

Cash Flow Template - Simple spreadsheet for calculating Free Cash Flow.

Six Solver Workbook (zip) - Set of various spreadsheets for solving different business problems (inventory ordering, labor scheduling, working capital, etc.).

Free Cash Flow Valuation - Basic Spreadsheet Valuation Model

Finance Examples - Seven examples in Business Finance - Solver

Capital Budgeting Workbook - Several examples of capital budgeting analysis, including the use of Solver to select optimal projects.

Present Value Tables (rtf) - Set of present value tables written in rich text format, compatible with most word processors. Includes examples of how to use present value tables.

Investment Valuation Model (zip) - Valuation model of companies (must enable macros) - Excel Business Tools

Cash Flow Sensitivity (xlt) - Sensitivity analysis spreadsheet - Small Business Store

What If Analysis - Set of templates for sensitivity analysis using financial inputs.

Risk Return Optimization - Optimal project selection (must enable macro's) - Metin Kilic

CI - Basics #1 - Basic spreadsheet illustrating competitive analysis - Business Tools Templates.

CI - Basics #2 - Basic spreadsheet illustrating competitive analysis.

External Assessment - Assessment questions for organizational assessment (must enable macros).

Internal Assessment - Assessment questions for organizational assessment (must enable macros).

Formal Scorecard - Formal Balanced Scorecard Spreadsheet Model (3.65 MB / must enable macros) - Madison Area Quality Improvement Network.

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