| Introduction Decision making in 21 st century has become increasingly complex and with information and data overload and proliferation of software such as Excel and computing power it has become very affordable to model complex decisions and run scenarios. Modelling facilitates analysis and decision making; so that top management has time to focus in his/her core activities:
- Focus of corporate activities
- avoid losses, maximize gains
- speed product/technology evaluation and acquisition
- Requires risk assessment - anticipation & quantification of decisions on
- corporate valuation
- financial and resource projections
- risk analysis and modelling in preparation for
negotiation & partnering
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