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Contribution Details

Type Bachelor's Thesis
Scope Discipline-based scholarship
Title Investment management as an important instrument for increasing corporate value using the example of the Zehnder Group
Organization Unit
Authors
  • Lukas F.J. Felber
Supervisors
  • Michel Habib
  • Stefan Pohl
Language
  • English
Institution University of Zurich
Faculty Faculty of Business, Economics and Informatics
Number of Pages 103
Date 2020
Abstract Text The aim of this thesis is to show how an investment process including an investment guideline can be optimally designed using Zehnder Group as an example. The information required was gathered by means of literature research, analysis of the Zehnder Group process and empirical surveys of peer groups. The empirical survey confirms that a structured investment process is of high relevance. Zehnder Group has well standardized sub-processes application, evaluation and decision, but there is no structured process for the implementation of investments. In particular, there is a need for improvement in the area of control and communication within the group. The central element of corporate management is the efficient allocation of capital resources to achieve a sustainable increase in enterprise value, which is ultimately the primary financial objective. This requires the establishment of necessary investment analyses and decision-making processes as well as targeted investment controlling (IFBC (2011)). Investments serve the company to develop its entrepreneurial skills and thus to position itself optimally in the market and competitive environment (Hofmann and Hierl (2015)). Decisions on major investments in companies are of great importance because they prove to be key strategic decisions (Affolter and Volkart (2012)). It is very difficult to judge how successful an investment will be at the time of the decision, not least because of the rapid changes in products and the development of technologies (Ter Horst (2009)). Nevertheless, investments have a longterm impact on the existence and the development of the respective company, which is why these decisions should be made within the framework of a structured process (Jung (2014)).
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