Economic Value Management: Applications and Techniques

ISBN-13: 9780471354260 / Angielski / Twarda / 2002 / 342 str.

Eleanor Bloxham; John M. Nash

Opis

An action-driven approach to assessing, creating, and protecting value

"The timing for publication of Eleanor Bloxham's Economic Value Management is providential. We are assailed by the reality that the board of directors of leading companies have approved, no, have directed, accounting practices that inflate the reported earnings but that lack economic substance. Audit firms in search of personal wealth have been selling 'earnings' from their consulting division to their full client list. This volume is uniquely couched to restore integrity to the financial understanding of corporate functioning. If you want-and you should-to start getting American business back on the right track, you should read this book."-Robert A. G. Monks, Publisher of www.ragm.com and several books about corporate governance

"Educated investors are essential to successfully functioning capital markets. At this critical time in our financial history, restoring the confidence in our financial system lost over the past year will depend upon financial advisors and investors truly understanding the companies they invest in. As Economic Value Management shows, being educated means more than understanding the unique language of the stock market, it is more than reading a prospectus or an annual report, it is more than listening to an analyst's opinions. Being educated requires a genuine understanding of the value of a company."- Mary L. Schapiro, Vice Chairman, President, Regulatory Policy and Oversight, NASD (National Association of Securities Dealers)

"Economic Value Management would have limited much of the economic turmoil we have experienced in the last eighteen months. It is the way a company should be managed."- John McCoy, Chairman of Battelle Memorial Institute, retired Chairman and CEO of Bank One Corporation

"Nothing could be more appropriate and needed at this time in history than understanding how decisions affect corporate economic value. Eleanor Bloxham's exploration of this issue is clear, easy to follow, and thorough in its breadth. Had corporate officers used economic value management techniques throughout their organizations and investors focused on such issues, there would have been much greater rationality in the stock market with much less eventual bloodletting. Indeed, in the aftermath of recent disclosures, the focus on Economic Value Management metrics should increase substantially, and this book provides a solid foundation for understanding such an approach."-Joseph A. Alutto, Dean and John W. Berry Sr., Chair in Business, Fisher College of Business, The Ohio State University

Recenzje

"A good read for managers who want to see the horizon as well as a foot in front of them." –– Working Knowledge, Harvard Business School

Spis treści

List of Exhibits.

Acknowledgments.

Foreword.

Introduction.

PART ONE: What Is Economic Value Management and How Does It Relate to Organizations Today?

CHAPTER 1: WHAT IS ECONOMIC VALUE MANAGEMENT?

CHAPTER 2: The Value Management Wheel.

CHAPTER 3: The Performance Measurement and Management Context.

CHAPTER 4: Economic Value Management: The Measurement and Management Impacts.

CHAPTER 5: Economic Value Management: Demonstrating and Assessing Value Measurement Approaches.

PART TWO: Applications and Techniques.

CHAPTER 6: Has Value Been Created? How Much?

CHAPTER 7: Evaluations of the Past to Strengthen the Future: Peers and Sectors.

CHAPTER 8: Placing Detailed Evaluations in Context: Product, Service, Distribution Channel, and Process.

CHAPTER 9: The Customer, Value Drivers, and Changes over Time.

CHAPTER 10: Creating Value in the Future.

Afterword.

Index.

O autorze

ELEANOR BLOXHAM is President of The Value Alliance (www.thevaluealliance.com) and former KPMG national director and practice leader. She has been a pioneer in introducing Economic Value Management to CEOs, boards, and executive management teams, working with them to establish management and financial practices and incentive structures that support good corporate governance and value creation. Ms. Bloxham is the author of Value–Led Organizations, also published by Wiley, and has spoken at Stanford University, The Ohio State University, banking schools, conferences, and seminars across the globe on the topic of Economic Value Management.