飞行翻译_公务机_公务航空_Business Jet_Business Aviation

6 . NEXA . BUSINESS AVIATION . PART II

ENHANCING ENTERPRISE VALUE
One goal for this study was to identify the SME business aircraft usage strategies that produced benefits and enhanced enterprise value. The enterprise value framework (Figure 4) illustrates the hierarchy of enterprise value creation, where financial and nonfinancial “drivers” hold key insights to any company’s expected growth in value and subsequently, higher return on equity and market capitalization. As a foundation for these drivers, there are powerful value “enablers” and “levers” that most companies use daily to manage and move their businesses forward in a highly competitive environment. It was at these levels that we focused on determining how the use of business aviation was linked to value creation.
Revenue or market share growth
Business aircraft usage strategies can be directly related to the benefits that increase revenues. For example, the use of business aviation provides the ability to rapidly respond to new sales leads or to enter new markets.
Profit growth
Profit growth such as net income and Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) are key value determinants, as are their trends. EBITDA growth is a strong reflection of company momentum. Key contributors toward EBITDA growth include a company’s ability to contain costs and enhance productivity and quality. Increased productivity was strongly correlated to profit growth according to the results of our surveys.
Asset Efficiency
A company can increase its asset efficiency in a number of ways. These include improving business processes, leveraging existing assets more effectively, and supply chain improvements. Specific strategies that would cause large increases in asset efficiency include cycle time reductions and key employee leverage.
In addition to financial enterprise value drivers, there are nonfinancial drivers of value. These metrics, while difficult to quantify, maintain equal importance to a company’s growth. Through our interviews, surveys, and analyses of higher performing SMEs, we determined that the following nonfinancial drivers contributed to greater SME enterprise value through use of business aviation.
　
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本文链接地址：BUSINESS AVIATION AN ENTERPRISE VALUE PERSPECTIVE 2005 - 2010(7)