Economic Value Management: Applications and Techniques

Most corporate leaders and investors would agree at some level that companies should be run for the long term, not just quarter by quarter. But even in a post-Enron world, the internal and external pressures are great on management to grow earnings quickly. As author Bloxham sees it, we all scurry around each day checking off items on our to-do lists without lifting our heads to see the big picture. Companies seem to be pushed along by minute-to-minute momentum. Can the system be changed? Bloxham, a former KPMG director and current president of the Value Alliance, believes that the answer lies in "economic value management," a process for aligning the organization around long-term principles and the concept of stewardship. The book outlines new methods for performance assessment, value-based strategy, process, and technology, organizational structure, the rewards process, and training and communication. A good read for managers who want to see the horizon as well as a foot in front of them.