EVA Revolution - Corporate Strategy and Financial Compensation Management with Value at the Core

Author: David Glassman, Edited by Huabin
Publisher:
Publish Date: 2003-02-01
Features: This book is divided into four parts, each elaborating on the four major areas of value management: · Using value management to guide decision-making; · Implementing EVA methods for value management; · Reward systems aligned with value management; · New value management tools. We hope this book will contribute to the development of value management practices in China. Undoubtedly, value management must adapt to local needs, including culture, customers, and legal regulations. However, value management will also change the local operating environment, including the flow of information between different businesses and departments within the company, as well as the company's business relationships with external entities, such as suppliers, regulators, lenders, and investors. As mentioned earlier, the retirement system of California public officials has used EVA as a tool to evaluate investment portfolios for several years, which will undoubtedly affect their investment decisions. When value management is widely accepted, foreign investors' confidence in the Chinese market will increase significantly, leading them to invest more scarce resources in China. At the same time, by establishing more flexible management structures that encourage learning, experimentation, and change, domestic companies will become increasingly competitive. This is good news for both domestic and foreign investors and consumers.