Explains the core principles of value creation and demonstrates practical ways for companies to implement these principles in their decision making. Describes different valuation frameworks with detailed case studies. Discusses how to use valuations to decide among alternative business strategies, develop a corporate portfolio strategy, assess major transactions, improve performance management systems, communicate effectively with investors, and design an effective capital structure. Explores the challenges of valuing in special situations such as valuing high-growth companies, and companies in emerging markets.