| Author: | Slater, S. Olson, E. |
| Title: | A value-based management system |
| Journal: | Business Horizons
1996 : SEP-OCT, VOL. 39:5, p. 48-52 |
| Index terms: | MANAGEMENT COMPANIES ORGANIZATIONS |
| Language: | eng |
| Abstract: | Value for a firm and its customers should be created by the entire organization, with the rewards being shared by all. The fundamental economic purpose of a corporation is to create wealth for its owners. This has become so powerful a motivation that one might say that "Create shareholder value" has become management's mantra for 1990s. Because of the development of analytical techniques based on discounted cash flow analysis, equity spread, and economic value added, managers now have an extensive set of tools for determining which parts of their businesses add or substract from shareholder value. |
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