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The EVA Challenge: Implementing Value Added Change in an Organization Hardback - 2001
by Stern, Joel M
- Used
- Hardback
- first
EVA--economic valued added--is a measure of the true financial performance of a company and a strategy for creating corporate and shareholder wealth. This detailed "how-to" guide represents the second phase in the "EVA Revolution", showing executives around the world how to customize and implement EVA at their companies.
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Details
- Title The EVA Challenge: Implementing Value Added Change in an Organization
- Author Stern, Joel M
- Binding Hardback
- Edition 1
- Condition Used: Good
- Pages 256
- Volumes 1
- Language ENG
- Publisher John Wiley & Sons, Somerset, New Jersey, U.S.A.
- Publication date 2001-02-02
- Illustrated Yes
- Features Bibliography, Illustrated, Index
- Bookseller's Inventory # SONG0471405558
- ISBN 9780471405559 / 0471405558
- Weight 1.16 lbs (0.53 kg)
- Dimensions 8.78 x 6.86 x 0.94 in (22.30 x 17.42 x 2.39 cm)
- Size 3.00x10.00x7.00
- Category Business / Economics / Finance
- Library of Congress subjects Economic value added
- Library of Congress Catalogue Number 00047993
- Dewey Decimal Code 658.403
- Quantity available 1
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From the publisher
First line
Back in the early 1960s, one of the authors of this volume was asked by an old family friend what he was studying at the University of Chicago.
From the jacket flap
-Economic Value Added-is a measure of the true economic performance of a company and a strategy for creating shareholder wealth. It is also a method of changing corporate priorities and behavior throughout a company, right down to the shop floor. Properly implemented, EVA frees the mea-surement of corporate performance from the vagaries of accounting conventions and aligns the interests of managers with those of shareholders, ending a decades-long conflict of interest.
In The EVA Challenge, authors Stern, Shiely, and Ross outline how to implement EVA at all stages-including strategy development, organizational design, training, and incentive compensation.
Essentially, an EVA program encompasses three things: a measurement system, an incentive system, and a system of financial management. In measuring performance, for example, EVA's key ingredient is the recognition of a capital charge--the cost of the capital in a company, in a division, in a branch store, or in a product. This detailed how-to guide shows executives around the world how to customize EVA for their organizations and improve the economic value they deliver. Here, EVA converts learn how to work some "EVA magic" through company-specific initiatives and case study examples. Coverage includes insightful new material on matters such as real options and new economy valuations, showing why new economy firms need EVA as much as old economy firms.
Executives around the globe now have a book that shows them how best to utilize EVA at their companies-reorienting the corporate ship in the direction of true economic profit. Research shows that companies using EVA outperformed competitors of comparable market capitalization by an average of 49% over a five-year period, as measured by total returns to shareholders.
In The EVA Challenge, authors Stern, Shiely, and Ross outline how to implement EVA at all stages-including strategy development, organizational design, training, and incentive compensation.
Essentially, an EVA program encompasses three things: a measurement system, an incentive system, and a system of financial management. In measuring performance, for example, EVA's key ingredient is the recognition of a capital charge--the cost of the capital in a company, in a division, in a branch store, or in a product. This detailed how-to guide shows executives around the world how to customize EVA for their organizations and improve the economic value they deliver. Here, EVA converts learn how to work some "EVA magic" through company-specific initiatives and case study examples. Coverage includes insightful new material on matters such as real options and new economy valuations, showing why new economy firms need EVA as much as old economy firms.
Executives around the globe now have a book that shows them how best to utilize EVA at their companies-reorienting the corporate ship in the direction of true economic profit. Research shows that companies using EVA outperformed competitors of comparable market capitalization by an average of 49% over a five-year period, as measured by total returns to shareholders.
Media reviews
Citations
- Reference and Research Bk News, 08/01/2001, Page 116
