Product Description
Today companies come under intense pressure to create and measure shareholder value. Managers need to get to grips with performance measures in order to do so. But which of the numerous value creation models should you adopt? This best-selling briefing -- now revised and updated in a second edition -- provides a much needed independent review of the different value creation models and offers practical advice on how such a system should be implemented. The viability of alternative approaches is assessed through practical examples. The briefing then explores the ways in which you can maximise shareholder value at both strategic and operational levels within your company. Contents include: * Financial performance measurement in context * Operational measures of business performance * Shareholder ratios * Economic value added * Other approaches to measuring shareholder value at corporate level * Cascading shareholder value measures into the business * Value based management * Case studies Features new content on: * economic value added (EVA) * total shareholder return (TSR) * cashflow return on investment (CFROI) * updated case study material
About the Author
Alan Warner is a qualified chartered management accountant, formerly Directorof Studies at Ashridge Management College and a founding member of the Management Training Partnership (MTP). He has written a wide range of articles on financial, management and HR issues appearing in The Times, Management Today, Personnel Management and all the major accounting journals. In recent years his writing efforts have been concentrated on a unique trilogy of books that are all in the form of novels which make difficult topics easy to understand and apply. Alison Hennell is a chartered accountant, having qualified with Coopers & Lybrand. She moved into management training when she joined MTP in 1995 and recently moved on to a freelance capacity. The Management Training Partnership was formed in 1987 by three senior staff at Ashridge Management College and has rapidly grown to become one of the largest UK-based providers of tailored management training. MTP designs and delivers tailored programmes in three core topic areas: Finance, Marketing/Strategy and Behavioural Skills. The Partnership has a range of blue-chip clients including Unilever, British Airways, BP and Boots, and employs 17 full-time tutors, all specialists with management experience.
