Unformatted text preview: managerial decisions. This structure makes it possible to streamline the decision process and in turn leads to greater efficiency and lower joint venture costs. 2. What risk-management elements does she apply that distinguish her from other CFOs? She has developed strong technical skills in revenue hedging and research planning. Her hedging model is praised for integrating economics, finance, statistics, and computer science to yield improved analyses. The hedging helps insulate Merck’s operations from foreign exchange volatility. In the research planning area, she uses Monte Carlo simulations that incorporate statistical distributions to assess the risk and return prospects of drugs that are in various stages of the pipeline....
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- Fall '09
- Management, CFO, joint venture, CFO Magazine article