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

By James A. Knight

Book Overview

Offers proof that strategies designed to maximize shareholder value can benefit those involved. This book demonstrates how the decisions that a management team makes can consistently create... This description may be from another edition of this product.

• Format: Hardcover
• Language: English
• ISBN: 0786311339
• ISBN13: 9780786311330
• Release Date: August 1997
• Publisher: McGraw-Hill
• Length: 307 Pages
• Weight: 1.36 lbs.
• Dimensions: 8.9" x 1.4" x 6.3"

Customer Reviews

Excellent introduction with detailed solutions

I've watched the words "Shareholder Value" creep into our business vocabulary over the past decade or so, and I've heard many explanations of how to optimize it. Unfortunately, there about as many definitions and techniques for measuring and managing it as there are books on the subject. I've read many of these other texts and worked with the other consultants Mr. Knight mentions in his book. But none of them have approached the precision and clarity of this book. Mr Knight starts with why management should understand the shareholder's needs and the proper methods for addressing those needs, then he takes the reader logically through all the steps (including the subtle nuances) of implementing such a program. There is no more comprehensive nor better written book on this subject on the market. If only Mr. Knight had written his book 10 years ago, many of us would have been saved from endless hours of vague and confusing meetings about what we were really trying to accomplish.

A must read book for companies striving for value creation

This book shows how to develop and implement strategies regarding value creation for shareholders. It has a very good mix of theory and business cases. The core aspect of this book is the theory behind the imperative link of: Strategic Planning, Budgeting, Financial Reporting and Incentive Compensation. This theory is tested against many sucessful business cases. The author also shows why some companies fail after incomplete or wrong assumptions on the value based management implementation.