About the Authors

McKinsey & Company is a management-consulting firm that helps leading private, public, and social sector organizations make distinctive, lasting, and substantial performance improvements. Over the past seven decades, the firm's primary objective has remained constant: to serve as an organization's most trusted external advisor on critical issues facing senior management. With consultants deployed from more than 90 offices in over 50 countries, McKinsey advises companies on strategic, operational, organizational, financial, and technological issues. The firm has extensive experience in all major industry sectors and primary functional areas.

McKinsey's corporate finance practice, along with the firm's strategy and risk practices, uniquely integrates industry insights, the firm's global presence, and proprietary knowledge as it advises clients. Together, these practices help clients set corporate portfolio direction, manage risk in investment choices, and build effective value-management capabilities.

Tim Koller is a partner in McKinsey's New York office, the head of the firm's Corporate Performance Center, and a member of the leadership group of the firm's global corporate finance practice. During his 25 years of consulting based in New York and Amsterdam, Tim has served clients globally on corporate strategy and capital markets, mergers and acquisitions, and value-based management. He is the co-author of Valuation: Measuring and Managing the Value of Companies ...

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