Economic Value Management: Applications andTechniques
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More About This Title Economic Value Management: Applications andTechniques

English

An action-driven approach to assessing, creating, and protectingvalue

"The timing for publication of Eleanor Bloxham's Economic ValueManagement is providential. We are assailed by the reality that theboard of directors of leading companies have approved, no, havedirected, accounting practices that inflate the reported earningsbut that lack economic substance. Audit firms in search of personalwealth have been selling 'earnings' from their consulting divisionto their full client list. This volume is uniquely couched torestore integrity to the financial understanding of corporatefunctioning. If you want-and you should-to start getting Americanbusiness back on the right track, you should read thisbook."-Robert A. G. Monks, Publisher of www.ragm.com and severalbooks about corporate governance

"Educated investors are essential to successfully functioningcapital markets. At this critical time in our financial history,restoring the confidence in our financial system lost over the pastyear will depend upon financial advisors and investors trulyunderstanding the companies they invest in. As Economic ValueManagement shows, being educated means more than understanding theunique language of the stock market, it is more than reading aprospectus or an annual report, it is more than listening to ananalyst's opinions. Being educated requires a genuine understandingof the value of a company."- Mary L. Schapiro, Vice Chairman,President, Regulatory Policy and Oversight, NASD (NationalAssociation of Securities Dealers)

"Economic Value Management would have limited much of the economicturmoil we have experienced in the last eighteen months. It is theway a company should be managed."- John McCoy, Chairman of BattelleMemorial Institute, retired Chairman and CEO of Bank OneCorporation

"Nothing could be more appropriate and needed at this time inhistory than understanding how decisions affect corporate economicvalue. Eleanor Bloxham's exploration of this issue is clear, easyto follow, and thorough in its breadth. Had corporate officers usedeconomic value management techniques throughout their organizationsand investors focused on such issues, there would have been muchgreater rationality in the stock market with much less eventualbloodletting. Indeed, in the aftermath of recent disclosures, thefocus on Economic Value Management metrics should increasesubstantially, and this book provides a solid foundation forunderstanding such an approach."-Joseph A. Alutto, Dean and John W.Berry Sr., Chair in Business, Fisher College of Business, The OhioState University

English

ELEANOR BLOXHAM is President of The Value Alliance (www.thevaluealliance.com) and former KPMG national director and practice leader. She has been a pioneer in introducing Economic Value Management to CEOs, boards, and executive management teams, working with them to establish management and financial practices and incentive structures that support good corporate governance and value creation. Ms. Bloxham is the author of Value-Led Organizations, also published by Wiley, and has spoken at Stanford University, The Ohio State University, banking schools, conferences, and seminars across the globe on the topic of Economic Value Management.

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List of Exhibits.

Acknowledgments.

Foreword.

Introduction.

PART ONE: What Is Economic Value Management and How Does ItRelate to Organizations Today?

CHAPTER 1: WHAT IS ECONOMIC VALUE MANAGEMENT?

CHAPTER 2: The Value Management Wheel.

CHAPTER 3: The Performance Measurement and ManagementContext.

CHAPTER 4: Economic Value Management: The Measurement andManagement Impacts.

CHAPTER 5: Economic Value Management: Demonstrating andAssessing Value Measurement Approaches.

PART TWO: Applications and Techniques.

CHAPTER 6: Has Value Been Created? How Much?

CHAPTER 7: Evaluations of the Past to Strengthen the Future:Peers and Sectors.

CHAPTER 8: Placing Detailed Evaluations in Context: Product,Service, Distribution Channel, and Process.

CHAPTER 9: The Customer, Value Drivers, and Changes overTime.

CHAPTER 10: Creating Value in the Future.

Afterword.

Index.

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"A good read for managers who want to see the horizon as well as a foot in front of them." -- Working Knowledge, Harvard Business School ?In an era when EPS has been redefined as ?expecting prison sentence,? Eleanor Bloxham?s call for back-to-value-basics is a breath of fresh air. Any CEO, director or investor who wants to get a handle on the real numbers that show how companies perform should grab a hold of Economic Value Management. Viva EVM!?--Patrick McGurn, Vice President & Special Counsel, Institutional Shareholder Services

?Bloxham has a clear, common-sense, practical approach that provides welcome guidance to managers and directors on how to measure, create, and reward value. She avoids the usual jargon with sharply drawn examples and illuminating illustrations and the result is well worth reading.?--Nell Minow Editor, The Corporate Library and Coauthor of several books including Corporate Governance

"The author has given her "all" ? rigorous scholarship, systematic thinking, and first-hand cases ? and the result is an authoritative guide for corporate leaders who want to break out of financial ratio boxes to build sustainable value."--Alexandra R. Lajoux, Editor in Chief of Director's Monthly, and Coauthor (with J. Fred Weston) of The Art of M&A: Financing and Refinancing

"As a guide to the big dig this book is invaluable. Economic Value Management requires sustainable improvement in multiple dimensions and this book, replete with real-life examples and richly illustrated by charts, tables and other exhibits, shows us exactly how to make this happen."--Thomas R. Horton, former CEO,American Management Association

"Nothing could be more appropriate and needed at this time in history than understanding how decisions affect corporate economic value. Eleanor Bloxham's exploration of this issue is clear, easy to follow, and thorough in its breadth. Had corporate officers used economic value management techniques throughout their organizations, and investors focused on such issues, there would have been much greater rationality in the stock market with much less eventual "blood letting." Indeed, in the aftermath of recent disclosures, the focus on economic value management metrics should increase substantially, and this book provides a solid foundation for understanding such an approach."--Joseph A. Alutto Dean and John W. Berry, Sr. Chair in Business Fisher College of Business, The Ohio State University

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