financial

Evaluating risk: financial models versus competency models, part 2

Models attempt to identify the assets that have value.  How to manage those assets.  And how to strategically turn these assets into money.  This is a 2nd, follow-up, post comparing financial models to competency models to evaluate risk. As I mentioned in that post, typical financial models and their build-outs inherently ignore important aspects of [...]

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Evaluating risk: financial models versus competency models, part 1

We make models to get an idea, on a small-scale, of what might happen on a large-scale.  Models help identify risk and attempt to predict outcomes.  Many use models to then run scenarios or alternatives to identify what could or should be.  Models then become a map for many management discussions as models provide options [...]

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Human capital risk, now that’s real risk

You commonly hear an equity firm or VC partner claim, we invest in the people and when it comes to costs, human capital usually represents nearly 70% of all operating costs.  Human capital risk is the real risk, but most investment firms don’t focus investment decisions and deal valuation not on quantifying the people or [...]

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All projects are human capital projects

The valuation of a company usually involves 4 areas: physical capital, financial capital, intellectual capital, and human capital Valuation is a combination of science, art, and straight voodoo (Enron anyone???). Voodoo aside, when I recast these valuations from a new angle, I see each relies, in their entirety, on people: physical capital – people are [...]

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