How do the new strategies of power companies affect their asset allocation / Arthur BRILHAULT / 2020

Titre : How do the new strategies of power companies affect their asset allocation Type de document : Mémoire Auteurs : Arthur BRILHAULT, Auteur Année de publication : 2020 Importance : 34 p. Note générale : Pour accéder aux fichiers PDF, merci de vous identifier sur le catalogue avec votre compte Office 365 via le bouton CONNEXION en haut de page. Langues : Anglais (eng) Mots-clés : Management STRATEGIE ; GRANDE ENTREPRISE ; ACTIF ; FINANCE D'ENTREPRISE Résumé : The growth strategy of a power company is shaped around three pillars which compose the structure of this paper. Indeed, the expansion, the enhancement and the extension of the business represent the possible growth paths, but the traditional ways to embrace them are becoming old fashioned and Utilities rethink their strategy to keep on being the leaders. By establishing new strategies, power companies modify their investments decisions and asset allocation. The result of this study shows that the asset allocation is becoming much more complex for Utilities as the industry is being disrupted by its actors (competitors, customers, regulators…). The current traditional Utility allocates its assets to power generation. It is an integrated (meaning active on the whole Utility value chain) and asset-based company with a unique source of revenue, which is the delivering of power to its customer. However, the utility of tomorrow develops other business lines and revenue streams, reshape its traditional power generation and its market becomes customer-driven. Finally, all the growth options cannot be embraced by power companies and this will cause a split among them. Utilities have always been valued on standards like the power generation potential and the customer base. Now the degree of strategic repositioning will lead to a separation between the most innovative players and the slow movers as investors will value them on new criteria like the technological integration. Programme : PGE-Rouen Spécialisation : Finance d’Entreprise - Corporate Finance Permalink : https://cataloguelibrary.neoma-bs.fr/index.php?lvl=notice_display&id=531073