Publisher: McGraw-Hill, 2001, 493 pages
Today's Most Comprehensive and Unbiased Evaluation of Value-Based Management and EVA
Economic Value Added (EVA) and Value Based Management (VBM), despite persistent claims to the contrary, are not magic wands, guaranteeing instant success. Instead, they are a set of management tools — powerful tools, to be sure, proven to work in case after case — for creating and augmenting shareholder value.
And as with any tools, users will achieve the greatest success only by learning and understanding both their strengths and weaknesses. EVA and Value Based Management is the first book to fully explain all sides of EVA and VBM, and cover the critical factors in harnessing EVA and VBM to build shareholder value. It provides in-depth coverage of the key steps in implementing EVA, including:
The sustained creation of shareholder value doesn't happen by accident — it happens because companies plan for it. Let EVA and Value Based Management give you the clear, concise, and up-to-date information you need on EVA and VBM ― what they are, why they work, and how they can work for you — and then show you how to use that information to reach your own informed conclusions.
A very good introduction to EVA and VBM, even though it is a bit dry.