Percolation of finance theory, frameworks, and concepts into corporate strategic corridors is presented with a macro, yet a step-by-step approach using the “Eight Levers” of “Value Octagon”. Each lever is interconnected with each other, symbolically and literally in the book - Strategic Financial Management: Managing For Value Creation - written by Dr. Prasanna Chandra. This book review explains the three broad sections of the text and explains the concept of the value octagon with highlights from the book. The aim of this book review was to appreciate the author's thought process of fitting the finance function into realms of strategy and thereby create a path for firms to approach the objective of value maximization. The thrust area of this book review was to further the discussions of strategy formulation and implementation, while finance is unseparated from the process. The review also discussed examples of real-life companies as well as opinions of various other authors and consulting groups on the subject-matter, in addition to the author's opinion. The review concluded that the value octagon and its eight value-driving levers proposed by the author encapsulate the broad areas of top management agenda in their pursuit of maximized intrinsic value.

1. Babu, K. V. (2012, December 3). Role of corporate governance in strategic management. DOI l: <a href=http://dx.doi.org/10.2139/ssrn.2184235 target="_blank">http://dx.doi.org/10.2139/ssrn.2184235</a>
2. Buffet, W. (1996, June). Official Home Page. Retrieved from Berkshire Hathaway Inc.: <a href=http://www.berkshirehathaway.com/ownman.pdf target="_blank">http://www.berkshirehathaway.com/ownman.pdf</a>
3. Chandra, P. (2014). Strategic financial management. New Delhi : McGraw Hill Education (India) Private Limited.
4. Cools, K., Gell, J., Kengelbach, J., & Roos, A. (2007). The brave new world of M& A : How to create value from mergers & acquisitions. The Boston Consulting Group, USA. Retrieved from <a href=https://www.bcg.com/documents/file15069.pdf target="_blank">https://www.bcg.com/documents/file15069.pdf</a>
5. Damodaran, A. (2014). Corporate finance: Theory and practice (2nd ed.). New Delhi : Wiley India Pvt. Ltd.
6. Jiambalvo, J. (2013). Two key ideas in managerial accounting. In J. Jiambalvo (ed.), Managerial accounting (Fifth Edition ed., pp. 11-13). New Delhi, India: Wiley India Pvt. Ltd.
7. Kumar, K. K. (2015). Are Indian FMCG companies adding economic value to its owners? The Management Accountant, 50(11), 90-93.
8. OECD. (2014). Singapore: The corporate governance framework and practices relating to risk management. In OECD (ed.), Risk management and corporate governance. Paris : OECD Publishing. DOI : 10.1787/9789264208636-en
9. Parasuraman, N. R. (Ed.) (2014). Financial management - A step-by-step approach (1 ed., pp. 151-152). India: Cengage Learning India Pvt. Ltd.
10. Porter, M. E. (1985). Competitive advantage. New York: The Free Press.
11. Uhlaner, R. T., & West, A. S. (2008). Running a winning M&A Shop. McKinsey on Finance: Perspectives on Corporate Finance and Strategy, Number 27 (Spring 2008), 6-11.