search query: @author Haspeslagh, P. / total: 5
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| Author: | Haspeslagh, P. Noda, T. Boulos, F. |
| Title: | Managing for Value: Ifs Not Just About the Numbers |
| Journal: | Harvard Business Review
2001 : JUL-AUG, VOL. 79:7, p. 64-75 |
| Index terms: | SHAREHOLDER VALUE CHANGE COMPANIES |
| Language: | eng |
| Abstract: | In theory, value-based management programs sound seductively simple. The authors state that companies that successfully use VBM programs share five main characteristics. First, nearly all made explicit and public their commitment to shareholder value. Second, through training, they created an environment receptive to the changes the program would engender. Third, they reinforced that training with broad-based incentive systems closely tied to the VBM performance measures. Fourth, they were willing to craft major organizational changes to allow all their workers to make those value-creating decisions. Finally, the changes they introduced to the company's systems and processes were broad and inclusive rather than focused narrowly on financial reports and compensation. |
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