Value creation and value management are important strategies in today's hotly
competitive business environment. Corporate managers must understand and implement ways to
establish value both internally and in the eyes of the marketplace. 'Value Based
Management' develops an effective and tested model for establishing and managing a firm's
value and shows managers how to measure value, understand the diferences between internal
and external value, and identify and implement activities that contribute to value.
'Value Based Management' presents recent theories and findings that: Describe how
management initiatives directed toward managing for value creation frequently break down,
and how to get them back on track; Gives examples of how and why value creation must be
reinforced and rewarded; Presents success criteria that help managers measure the benefits
of value management.
James A. Knight is the managing partner of SCA ConsultingOs Value
Management and Performance Measurement Practice. SCA, an international management
consulting firm, combines its strategy, finance, and compensation expertise to assist
leading companies in establishing and achieving effective strategies. Knight was formerly
a leader of The Boston Consulting GroupOs Value Management Practice.
Table of Contents
Managing for Value Makes a Difference.
Value Creation.
Why Manage for Value?
Investor Expections and Strategy.
What is Value Management?
Value-Based Decision Making.
Performance Measures.
Compensation Strategy.
Implementing Value-Based Management.
Why Value Management Fails.
Summary.
Endnotes.
Index.
Hardback, 307 pages