Tomorrow's Markets |
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DJSI World |
1684.78 |
-16.92 |
DJSI North America |
145.61 |
+ 0.63 |
DJSI United States |
1265.01 |
-10.69 |
Value is the only commonality in an increasingly complex, challenging and interdependent world.
The assets we have under our command are predominantly the intangible assets we must learn how to manage: people, environmental services, reputation. Each of these must be cultivated if we are to achieve long-term success as leaders and investors.
In the 1980's, financial statements captured at least 75% on average of the true market value of major corporations. By 2001 that figure had dropped to 15%, averaged across the S&P; 500. (Baruch Lev, Intangibles: Management, Measurement and Reporting: Washington, D.C. Brookings Institution, 2001.)
The growing importance of intangibles to company valuations was underscored by the announcement by the U.S. Financial Accounting Standards Board that it will be issuing binding disclosure requirements about companies' intangible assets by 2007. This will clearly accelerate the integration of intangibles into mainstream financial analysis and its affect on share price.
At ValueNewsNetwork.com and Value magazine we seek to offer those managing in this environment the insights and understandings necessary to achieve our greatest possible success. Through the use of this interactive website, a print magazine, a monthly simulcast Hollywood|Wall Street|London event series, our own video channel, and other means, it is our intent to explore together with you how strategies for maximizing value are shifting. We approach this discussion with no pat answers or prescriptive doctrine but with an understanding that the best tools for maximizing value will be developed out of a crosscutting dialogue among those creating the answers to the emerging challenges of our time.
The value being pursued today goes beyond our traditional understanding of the term. Yes, a large part of value creation has to do with maximizing economic value and financial returns for shareholders. Yet, it is increasingly obvious that in order to maximize economic value one must consider not simply the easily defined indicators we have traditionally relied upon, but rather the less easily defined aspects of value that are extra-financial and often social and/or environmental in nature.
We welcome you to this dialogue and look forward to bringing you some of the most provocative thinkers and doers of our time.
Laurance's career spans 35 years in international media with management assignments in the US, Europe, Africa and Asia. His pioneering work includes launching the Financial Times in North America via satellite from Europe and conducting the feasibility studies to do the same in Japan and South East Asia. As publisher of the Harvard Business Review Laurance assembled a new management team that helped revive the fortunes of the world's leading management journal and he also served on the strategy committee of Harvard Business School Publishing Corporation advising on traditional and new media. Laurance went on to be the founding publisher and co-creator of Strategy + Business magazine for Booz-Allen Hamilton.
Bob is a senior entrepreneurial financial services, M&A;, operations and technology executive experienced in all phases of corporate and small business operations. Bob specializes in change management and technology development, tactical and strategic planning and execution, including management of cross organizational/global staff and initiatives. Bob has held senior technology, operations and consulting positions at JP Morgan Chase, State Street Bank & Trust, First Empire State Corp. (M&T; Bank), KPMG Peat Marwick, The National Broadcasting Company (NBC), and New York City Health & Hospital Corporation.
Erik Zenhausern has worked for 15 years in the publishing industry for such companies at The New York Times Co. and Pearson. Erik recently served as Operations Director for the International Herald Tribune Americas Operation, where he held bottom line profit and loss responsibility in an office that generated over $10 million annually. He also has extensive experience in electronic publishing, distribution, customer care, and retail marketing. Erik holds an MBA in Executive Management from St. John's University and was inducted into Beta Gamma Sigma, the national business school honor society and Psi Epsilon Iota, the national management honor society.
Melissa Berman, Rockefeller Philanthropy Advisors
Priscilla Clapp, U.S. Foreign Service [retired]
Greg Dees, Duke University
Timothy Freundlich, Calvert Social Investment Foundation
Stuart Hart, Cornell University
Hazel Henderson, author, Ethical Markets: Growing The Green Economy, President, Ethical Markets Media LLC, USA
William Kramer, World Resources Institute
Liz Maw, Net Impact
Marcy Murninghan, Lighthouse Investment Group
Kim Smith, New Schools Venture Fund
Don Carli, Institute for Sustainable Communication
David Churbuck, Lenovo Group
Carol Holding, Holding Associates
Lynn Luckow, Independent Publisher
Andrew Wolk, Root Cause Institute
Vicky Wu, Froghop.net
Sheila Bonini, McKinsey & Co.
Todd Cohen, editor and publisher of the Philanthropy Journal.
John R. Coomber, CEO of SwissRe.
Jay Falk, founder and CEO of SRI World Group, Inc.
Timothy Freundlich, Director, Strategic Development, Calvert Foundation.
Robert Galford, managing partner, the Center for Executive Development, Boston.
Allen L. Hammond, Vice President for Innovation & Special Projects, World Resources Institute.
Stuart L. Hart, S.C. Johnson Chair of Sustainable Global Enterprise, Johnson Graduate School of Management, Cornell University.
William J. Kramer, Deputy Director, Development Through Enterprise at the World Resources Institute.
Simon Kuper, Financial Times.
Colin Le Duc, Head of Research, Generation Investment Management LLP
Steven Lydenberg, Chief Investment Officer, Domini Social Investments LLC.
Mark B. Milstein, Lecturer, Johnson Graduate School of Management; Director of Business Research, World Resources Institute
Marcy Murninghan, scholar, consultant, writer, and teacher on issues involving civic moral values, corporate governance, responsible equity ownership, and public policy.
Timothy H. Smith, Director of Socially Responsive Investing, Walden Asset Management.
John A. Quelch, Senior Associate Dean and Lincoln Filene Professor of Business Administration at the Harvard Business School
David Vogel, Haas School of Business, U.C. Berkeley, editor California Management Review.
Yoram (Jerry) Wind, The Lauder Professor, Professor of Marketing, Director, SEI Center for Advanced Studies in Management Academic Director, Wharton Fellows Program, Editor, Wharton School Publishing. The Wharton School, University of Pennsylvania
Glenn Yago, Director of Capital Studies at the Milken Institute
Jonathan McBride & Sean McDuffy
Co-Founders, JUNGLE MEDIA GROUP
JARDI + UTENSIL
Design Consultant: Value Magazine