Valuing Technology: The New Science of Wealth in the Knowledge Economy - Hardcover

Westland, Chris

Hardcover

ISBN 10: 047082056X ISBN 13: 9780470820568

Publisher: John Wiley & Sons, 2002

Synopsis

How do you value e–business?
Since IT now consumes over half of new capital investment in US firms, the central question facing senior management investing in knowledge intensive businesses is, "how do you value e–business?" This book takes a financial perspective on the new economy and addresses many of the problems that are a part of the financial structure of the new economy. Valuing Technology offers methods for determining the financial valuation of investments made in technology in New Economy businesses. Companies in genomics, proteomics, nanotechnology, robotics, and other highly technical fields require huge up–front costs and often experience other idiosyncrasies of high–tech business. This book covers those angles and more, helping readers accurately valuate modern e–businesses. It provides comprehensive analysis of emerging valuation techniques for New Economy companies and it clearly explains how financial assessment techniques are adapting to high–tech companies.

About this title

About the Author

Professor Westland graduated with a Ph.D. in Computers & Information Systems from the University of Michigan. Prior to joining academia, he was Database Manager and Corporate Security Management at Rockwell International, Dallas, USA. He has written two books – Global Electronic Commerce: Theory and Case Studies (Nov 1999, MIT Press) and Information Technology Risk: A Guide for Accountants and Auditors (forthcoming, Hong Kong Society of Accountants).

From the Back Cover

Human genomics, proteomics, robotics, nanotechnology, fractals, ecoforming, global information networks, telemedicine the list goes on and on. These are the exciting new sciences that will propel our next technology boom. Each creates value from novel, vast, and complex bodies of knowledge. Each demands an array of business models predicated on the knowledge economy. At present, only a handful of experts in their respective areas even understand these sciences; and only a fraction of these experts have either the inclination or the insight to create viable businesses from these knowledge–intensive technologies.

The collapse of dot–com stock prices left the investment community wondering how they could have got Internet stock values so wrong. Yet relatively simple Internet technology pales next to the hyperintelligent computing, complex interactions, and enormous databases seen in genomics, proteomics, and other emerging technologies.

This book identifies the four major trends in business and economics that are emerging in the knowledge economy, and describes how each has changed the simple accounting for wealth and value creation to a complex economics of knowledge. The last part of the book lays out the framework and challenges facing a new science of valuation for knowledge–intensive businesses that will help investors, managers and advisors separate the future giants of the knowledge economy from their failed contemporaries.

Edition details

• Publisher: John Wiley & Sons
• Publication date: 2002
• Language: English
• ISBN 10: 047082056X
• ISBN 13: 9780470820568
• Binding: Hardcover
• Number of pages: 248