Strategic Financial Management
University of Phoenix
Finance for Managerial Decision Making / FIN 554
Professor Greg Garay
January 17, 2006
Table of Contents
Abstract???????????????????????????????????3
Strategic Financial Management?????????????????????????..4
Working Capital Management??????????????????????????.4
The Kmart Corporation Debacle?????????????????????????..5
Long-Term and Short-Term Strategies????????????????????.. 6
Financial Performance???????????????????????????. 7
To Merge or Not to Merge???????????????????????????...7
Reasoning for the Merger??????????????????????????.8
Pros and Cons for the Merger???????????????????????? 9
Morale Issues???????????????????????????????9
Managing International Acquisitions???????????????????????.10
AOL-Time Warner Merger???????????????????????????10
History of AOL and Time Warner????????????????????????.11
Reasoning, Pros, and Cons for the Merger?????????????????????12
Short and Long-Term Financial Strategies?????????????????????13
Financial Performance????????????????????????????...14
The Bust of a Billion Dollar Merger???????????????????????. 15
Risk Management??????????????????????????????..16
Morgan Stanley Investment Company?????????????????????? 16
Aggressive growth fund??????????????????????????..17
Moderate growth fund??????????????????????????? 18
Conservative growth fund????????????????????????? 18
To Merge or Not to Merge??????????????????????????? 18
Financial Performance??????????????? ...