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Part One: Value-Based Management in Government Concepts and Components 1 Chapter 1 Challenges and Solutions to Address Dissatisfaction of Citizens and Taxpayers 3 Chapter 2 Generating Value in a World of Uncertainty 9 Part Two: Strategy Management and Governance 27 Chapter 3 Strategy Setting and Execution: Setting and Linking
Value-based management (VBM) tackles this problem head on. It provides a precise and unambiguous metric – value – upon which an entire organization can be built. The thinking behind VBM is simple. The value of a company is determined by its discounted future cash flows.
Value-based management strategies have been around as long as business has existed. Every useful performance metric attempts to measure changes in shareholder value. Economic value added (EVA) is the best metric available.
Considering the value based management approach and the stakeholder theory, we propose a shift in the value based management: from shareholder value to stakeholder value. KEYWORDS: value based management, value maximization, stakeholder, shareholder.
13 gru 2000 · Value-based management provides managers with tools and techniques supporting the development and implementation of value-creating strategies. It further offers incentives which encourage managers to …
In this study, we take advantage of merger and acquisition (M&A) decisions that allow us to analyze a specific managerial decision with a direct assessment by the capital market. Moreover, to better grasp the underlying mechanisms of VBM, we consider potential contingency factors that may affect the relationship between VBM and M&As.
PART I Introduction to Value Based Management and the Imperative for Change 1 Chapter 1 What Is Value Based Management? 3 Alternative Valuation Paradigms: Accounting Model versus Discounted Cash Flow 7 Connecting Business Strategies with the Creation of Shareholder Wealth 8 The Tools of VBM 9 What Makes a VBM Program Successful?9
