创造财富-企业财务战略与决策外文文献翻译.docVIP

本科毕业论文（设计） 外 文 翻 译 原文： Creating Wealth Corporate Financial Strategy and Decision Making Corporate Financial Strategic Planning Herbert Simon has written that there is a Gresham’s law of planning: “Programmed activity tends to drive out non programmed activity.” The decision to buy a new energy-saving piece of equipment is a lot easier to discuss and analyze than strategic investment decisions. In the case of the energy-saving equipment, cash flows can be estimated and the decision to buy or not to buy can be made based on well-known capital budgeting techniques. The basic capital budgeting