Value Based Management: Developing a Systematic Approach to Creating Shareholder Value - Hardcover

Value Based Management brushes aside the often-confusing amalgam of quick-fix management potions, and gives you tested tips and strategies designed to turn your company into an equity-enhancing machine. This long-awaited book describes how, once you have seen and tried the hundreds of different management theories that abound today, one goal will always remain: Enhancing Shareholder Value. Companies that focus on creating and building value become focused, goal-oriented, and successful at building the powerful business machines that are required in todayÕs give-no-quarter competitive environment. Performance measurement consultant James A. KnightÕs eye-opening book provides convincing proof that strategies designed to maximize shareholder value can benefit everyone involved. With its clear-cut diagrams, explanations, and case histories, Value Based Management demonstrates how every decision your management team makes can consistently create shareholder value. Its comprehensive benefits include a clear definition of the nature of corporate value, and how the act of enhancing it can create positive reverberations throughout the entire company; examples of companies that have successfully managed for value and how they have done it, alongside examples of companies that failed to manage for value and how you can avoid their pitfalls; and explanations of how Value Added Management creates the optimal balance between short and long term decisions, and helps your managers balance the trade offs between improved levels of profit and greater growth. Like so many journeys, the toughest step when focusing your company on Value Management is the first step. Take that first step today! Read Value Based Management, focus on the strategy and business questions it raises, then think about how its solutions can be tailored to fit your company. Once you have begun to implement Value Based Management your shareholders, along with your customers and employees, will recognize and reap the profitable benefits of a value based corporate mindset.

Make ``Creating Value'' Your Company's Primary Objective! ``Value Management brough a new level of crispness to National Semiconductor's collective decision-making and resource allocation. In our fast moving and capital intense business, we need a tool like this to provide a shareholder value focused decision making framework.''--Don Macleod, Executive Vice Presdient and CFO, National Semiconductor ``Jim Knight eloquently dismiss the `magic bullet' school of shareholder value creation while convincingly laying out the key linkages between investor demands, strategy measurement systems, and incentives. Value Based Management fully describes the imperative for challenges and rewards of its subject more fully accurately than any of its competition.''--Douglas B. Stotz, Director of Corporate Strategy, Fleet Financial Group As a company manager, are you tired of the ''Priority of the Month'' club? This month TQM, next month capabilities enhancement, them who knows what? Value Based Management reminds you that your company's #1 Priority is to Increase Shareholder Value! And as you will discover, the proven value management strategies outlined in this eye-opening book will invariably lead to increased satisfaction among customers, employees and, of course, shareholders! Read James A. Knight's Value Based Management to discover: The 5 categories of Value Added Management--Staring with establishing value based goals and continuing to stratey, measures, processes, and decisions, Value Based Management will sharpen your company's entire focus and attitude; 4 Key Management Processes When Installing Value Added Management Value based strategies planning, budgeting, reporting, and incentives will send consistent signals to managers and reinforce the value mindset; The Major Benefit of Value Added Management--Knight's book clearly and cohesively illustrated how managing for value will benefit all levels, from production capacity and profitability to financial performance versus competitors.