Value Based Management: The Corporate Response to the Shareholder Revolution

Book Description

Why do some firms create extraordinary value for shareholders, while others destroy it? A powerful suite of value based management tools can make the difference. Value based management (VBM) refers to tools that financial managers can use to plan, monitor, and control a firm's operations in ways that enhance shareholder value. This timely book--based on the authors' research and on an extensive study of firms that have successfully implemented VBM systems--provides the first objective, field-tested synthesis of the most popular models in use today: the free cash flow method, the economic value added/market value added (EVA/MVA) method, and the cash flow return on investment approach (CFROI). Pointing to lessons learned by VBM adopters in a wide variety of industries, the authors outline the advantages and disadvantages of each model, and guide managers in electing, implementing, and operating one that best fits their organization. At its essence, value based management involves transforming behavior in a way that encourages employees to think and act like owners. Laying the foundation for building a capital market-focused measurement and reward system that ties employee-level performance to owner-level rewards, this book will help today's leaders establish a continuous cycle of value creation that benefits all stakeholders of a company.

Customer Reviews:

VBM for Starters.......2001-03-24

Martin's book is an excellent introduction to the practice of Value Based Management. Although it is far from being an MBA type book, it explains the basics and shows some good examples. Maybe the strongest point of the book is the comparison of several approaches used by the biggest consulting companies sponsoring VBM: Stern Stewart's EVA versus BCG's and McKinsey's measures. When you're ready to climb another step, the best choice is Young and O'Byrne's "EVA and Value Based Management". It goes deep in details of implementation of EVA based systems, is comprehensive and technically advanced and also give pros and cons of the measure.

Product Description

This book provides a review of the evolution of the post-independence banking system in Africa. There is a strong focus on the problems of restructuring of banking institutions and the management of the bad and non-performing assets of public sector institutions. Three themes are explored: The first is that government interventions in the financial sector, in the post-independence period, were at best largely ineffective as a tool of development and at worst had damaging consequences for the banks, and for the whole economy The second theme is that financial liberalization requires an understanding of the first set of financial reforms implemented in post-independence Africa. The third theme is that financial liberalization is made even more difficult in most African countries because it is carried out in response to severe economic crisis and therefor in conditions of acute macroeconomic instability. This book is ideally suited for development economics courses as it provides revealing case studies of key countries which complement more theoretical books on money and banking in developing countries Martin Brownbridge is working with UNCTAD on issues concerning the Least Developed Countries. Charles Harvey is a Professorial Fellow of the Institute of Development Studies at the University of Sussex; he is currently on secondment to the Botswana Institute of Development Policy Analysis. Contents: Introduction: financial liberalization in difficult circumstances - Banking policy in Botswana: orthodoc but untypical - Banking reform in Ethiopia - The impact of financial sector policies in Ghana - Government policies and the development of banking in Kenya - The impact of public policy on the banking system in Nigeria - Financial repression and financial reform in Uganda - Financial policies and the banking system in Zambia - The limited impact of financial sector reforms in Zimbabwe - Banking development and financial sector reforms in Tanzania, Malawi and the Gambia - Conclusions - Bibliography - Index

Customer Reviews:

Very Comprehensive.......2007-06-14

This book provides the most comprehensive country-by-country information on the development of the banking sector in Sub-sahara Africa by far.

It is a "MUST HAVE" in any practitioner of development finance's library.

Amazon.com

On December 24, 1968, a 10-year-old girl was murdered and her body left at the side of the road to freeze. Robert Anthony Williams, a criminal with strong religious beliefs, was interrogated by officers who played on his religious belief system. They implored him to confess and identify where the girl's body was so that her parents could give her a proper Christian burial. In the ensuing series of trials, appeals, and reversals, landmark opinions on the Fourth, Fifth, and Sixth Amendments were pronounced by the Supreme Court.

No modern criminal case better illustrates all the stages of the American legal process from the point of arrest, to the trial, the appellate process, and, ultimately, the Supreme Court. The text clearly and concisely explains criminal and court procedures in the context of the Williams case, paying careful attention to the rights against self-incrimination and to counsel, and to the role of the exclusionary rule in our system of justice. --David M. Nissman, J.D.

Book Description

On December 24, 1968, ten-year-old Pamela Powers was brutally murdered, her body dumped at the side of the road to freeze. Robert Anthony Williams was charged with the crime, and a series of trials, appeals, and reversals ensued. The Christian Burial Case: An Introduction to Criminal and Judicial Procedure introduces readers to the intricacies of the American legal system, using the Williams case to illustrate all the stages of the legal process from the point of arrest, to the trial, the appellate process, and, ultimately, the Supreme Court. The text clearly and concisely explains criminal and court procedures in the context of the Williams case, paying careful attention to the rights against self-incrimination and to counsel, and to the role of the exclusionary rule in our system of justice. This unique introduction to criminal justice and judicial procedure captures the imagination of the reader as it chronicles "The Christian Burial" case from beginning to end. Because the suspect was observed leaving the scene of the crime with the body of the victim, the Williams case seemed to be open and shut. But due to police procedures in apprehending and questioning the suspect, the resolution of the case took fifteen years and two United States Supreme Court decisions. By highlighting the difficulties of determining the facts of the case and the proper procedural laws that were applicable, McInnis demonstrates the complexities inherent in the legal system. This compelling book is a must read for all people interested in learning more about criminal procedure and judicial processes.

An Introduction to Constitutional and Administration

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An Introduction to Constitutional and Administration
John Morison
Manufacturer: Hart Publishing (UK)
ProductGroup: Book
Binding: Paperback

General | Law | Subjects | Books

General | Law | Professional & Technical | Subjects | Books
ASIN: 1901362582

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Introduction to Indian administration
Manohar Ramchandra Palande
Manufacturer: Indian Branch, Oxford Univ. Press
ProductGroup: Book
Binding: Unknown Binding

Central Governments | Administrative Law | Law | Subjects | Books
ASIN: B0006RZVR4

An introduction to the local constitutional history of the United States; (Johns Hopkins University. Studies in historical and political science)

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An introduction to the local constitutional history of the United States; (Johns Hopkins University. Studies in historical and political science)
George Elliott Howard
Manufacturer: Publication agency of the Johns Hopkins University
ProductGroup: Book
Binding: Unknown Binding

Regulating the Regulators: An Introduction to the Legislative Oversight of Administrative Rulemaking

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Regulating the Regulators: An Introduction to the Legislative Oversight of Administrative Rulemaking
James R. Bowers
Manufacturer: Praeger Publishers
ProductGroup: Book
Binding: Hardcover

Public Affairs & Administration | Government | Nonfiction | Subjects | Books

Federal Government | Government | Nonfiction | Subjects | Books

General | Politics | Nonfiction | Subjects | Books

Civil Procedure | Procedures & Litigation | Law | Subjects | Books

General | Constitutional Law | Law | Subjects | Books

General | Law | New & Used Textbooks | Stores | Books

Reference | Law | New & Used Textbooks | Stores | Books
ASIN: 0275933547

Book Description

Increasingly, state regulations are implemented and exercised by the administrative discretion of state bureaucracies. This increased rulemaking activity threatens to rival, or even replace, state legislatures as the principal source of new laws emanating from state government. To combat this, state legislatures now routinely seek to regain their preeminence as lawmakers by overseeing administrative rulemaking authority. This oversight is frequently conducted through a process known as "rules review." The process, a systematic form of legislative oversight, encourages the responsible exercise of rulemaking authority by requiring legislative scrutiny of proposed regulations prior to final adoption by the issuing agency. Regulating the Regulators presents an introduction to rules review. James R. Bowers examines this process through an in depth case study of the Illinois General Assembly. Regulating the Regulators presents an introduction to this important and widely used method of oversight by state legislatures. The author poses three basic questions about rules review that previous works have not asked: Why is a state legislature likely to incorporate rules reviews in its oversight arsenal? What is the substance and nature of rules review likely to be? What factors are likely to contribute to agency responsiveness to rules review? These questions are examined through an in depth case study of the rules review process in the Illinois General Assembly. From this case study, Regulating the Regulator develops a number of analytic generalizations upon which future research and a more general understanding of rules review can be built. Students of both legislative an administrative process, as well as state legislators and state level public administrators, will find Regulating the Regulators a valuable source of information. This book is particularly well-suited for upper-level undergraduate and graduate courses in state governement and politics, administrative process, regulatory politics, and administrative theory.

An introduction to Indian constitution and administration,

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An introduction to Indian constitution and administration,
Verinder Grover
Manufacturer: Ashoo Publications
ProductGroup: Book
Binding: Unknown Binding

General | Administrative Law | Law | Subjects | Books
ASIN: B0007JRSW2

Book Description

It's impossible to overstate the significance of this classic of scientific literature. A necessary companion to Darwin's The Origin of Species, it springs from the ingenious mind of one of his closest friends, geologist Charles Lyell, whose theories were a critical influence on Darwin's landmark work. First published in 1863, this exploration of the implications of Darwin's "natural selection" for humans remains one of the clearest, most concise explanations of a foundational branch of modern biology. Eminently insightful, the books sings with a scientific poeticism -- chapter sections have such titles as: . "Works of Art in Danish Peat-Mosses" . "Curiosity awakened by the systematic Exploration of the Brixham Cave" . "Two Species of Elephant and Hippopotamus coexisting with Man in France" . "Extinct Mammalia in the Valley of the Oise" Readers in the sciences are sure to find this essential book a highly engaging one as well. Scottish geologist and natural philosopher SIR CHARLES LYELL (1797-1875) was one of the foremost popularizers of science of his time, and the fundamental scientific concepts he developed continue to shape geology and evolutionary biology today. He also wrote the multivolume Principles of Geology: An Attempt to Explain the Former Changes of the Earth's Surface by Reference to Causes Now in Operation. Craters on Mars and the Moon are named in his honor.

The Geological Evidence of the Antiquity of Man

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The Geological Evidence of the Antiquity of Man
Charles Lyell
Manufacturer: Dover Publications
ProductGroup: Book
Binding: Paperback

General | Evolution | Science | Subjects | Books

General | Science | Subjects | Books

Principles of Geology (Penguin Classics)

ASIN: 0486435768

Book Description

This 1863 work by an eminent geologist remains among the best accounts of an important branch of knowledge. The majority of the text offers an empirical statement of the evidence available in the mid-19th century regarding human existence during prehistoric times. The rest of the book considers the connection between Darwinian theory. 58 figures.

The geological evidences of the antiquity of man : with remarks on theories of t

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The geological evidences of the antiquity of man : with remarks on theories of t
Charles Lyell
Manufacturer: George W. Childs
ProductGroup: Book
Binding: Hardcover
ASIN: B000LH89NC

Geological Evidences of the Antiquity of Man with Remarks of the Origin of Species by Variation

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Geological Evidences of the Antiquity of Man with Remarks of the Origin of Species by Variation
Charles Lyell
Manufacturer: Murray
ProductGroup: Book
Binding: Hardcover
ASIN: B000HN1D4M

The Geological Evidences of the Antiquity of Man with Remarks on Theories of the Origin of Species by Variation

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The Geological Evidences of the Antiquity of Man with Remarks on Theories of the Origin of Species by Variation
Charles Lyell
Manufacturer: Gregg International
ProductGroup: Book
Binding: Hardcover

The Geological Evidences of the Antiquity of Man, with an Outline of Glacial and Post-Tertiary Geology and Remarks on the Origin of Species

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The Geological Evidences of the Antiquity of Man, with an Outline of Glacial and Post-Tertiary Geology and Remarks on the Origin of Species
Sir Charles. Lyell
Manufacturer: John Murray / J.B. Lippincott & Co.
ProductGroup: Book
Binding: Hardcover
ASIN: B000VL1O76

"The antiquity of man": An examination of Sir Charles Lyell's recent work

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"The antiquity of man": An examination of Sir Charles Lyell's recent work
Samuel Rowles Pattison
Manufacturer: L. Reeve
ProductGroup: Book
Binding: Unknown Binding
ASIN: B0008AQOB6

Evidence of early man in North America, based on geological and archaeological work in New Mexico (LC History-America-E)

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Evidence of early man in North America, based on geological and archaeological work in New Mexico (LC History-America-E)
Edgar B. Howard
Manufacturer: Reprint Services Corp
ProductGroup: Book
Binding: Library Binding
ASIN: 078124336X

Evidence of loess man in Nebraska, (Nebraska Geological Survey. [Publications])

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Evidence of loess man in Nebraska, (Nebraska Geological Survey. [Publications])
Erwin Hinckley Barbour
Manufacturer: Woodruff-Collins ptg. Co
ProductGroup: Book
Binding: Unknown Binding

Prehistory | Ancient | History | Subjects | Books
ASIN: B00089652A

Book Description

"This is a remarkable book. […] A fresh and novel approach to old problems and to their solution." –Fritz Rohrlich, Emeritus Professor of Physics, Syracuse University This book takes a fresh, systematic approach to determining the equation of motion for the classical model of the electron introduced by Lorentz more than 100 years ago. The original derivations of Lorentz, Abraham, Poincaré and Schott are modified and generalized for the charged insulator model of the electron to obtain an equation of motion consistent with causal solutions to the Maxwell-Lorentz equations and the equations of special relativity. The solutions to the resulting equation of motion are free of pre-acceleration and runaway behavior. Binding forces and a total stress–momentum–energy tensor are derived for the charged insulator model. General expressions for synchrotron radiation emerge in a form convenient for determining the motion of the electron. Appendices provide simplified derivations of the self-force and power at arbitrary velocity. In this Second Edition, the method used for eliminating the noncausal pre-acceleration from the equation of motion has been generalized to eliminate pre-deceleration as well. The generalized method is applied to obtain the causal solution to the equation of motion of a charge accelerating in a uniform electric field for a finite time interval. Alternative derivations of the Landau-Lifshitz approximation to the Lorentz-Abraham-Dirac equation of motion are also given, along with Spohn’s elegant solution of this approximate equation for a charge moving in a uniform magnetic field. The book is a valuable resource for students and researchers in physics, engineering and the history of science.

Book Description

This book is a collection of reviews and essays about the recent developments in the area of Symmetries and applications of Group Theory. Contributions have been written mostly at the graduate level but some are accessible to advanced undergraduates. The book is of interest to a wide audience and covers a broad range of topics with a strong degree of thematical unity.

The book is part of a Series of books on Symmetries in Science and may be compared to the published Proceedings of the Colloquia on Group Theoretical Methods in Physics. Here, however, prevails a distinguished character for presenting extended reviews on present applications to Science, not restricted to Theoretical Physics.

Book Description

It could be said that in this episode Groucho Marx operates as a Hollywood-style Scarlet Pimpernel, with a repertoire of outrageous puns covering the steely, daring life of a counterspy.But, as Groucho might retort, his cover is at the dry-cleaner, and, besides, Groucho is not one to hide his light under any bushel (even one of stuffed clams).So he and Frank Denby, his sidekick, scriptwriter and close friend, set out to uphold their reputation as amateur sleuths by looking into the death of British director Eric Olmstead.First Olmstead fainted at a star-studded Halloween party after a man dressed as the Grim Reaper had whispered to him and then disappeared. But it is not until the next day that he is found dead -- presumably by his own hand.It is 1939; everyone expects the U.S. to join the war raging in Europe.And everyone is looking under the bed for spies.Soon the questions surrounding the death of Eric Olmstead takes on an odor of espionage. The police call Olmstead's death a suicide.After all, he did leave a (typed) note.His widow refuses to believe that her husband shot himself, and persuades Groucho and Frank to look further.Soon the pair is enmeshed in FBI agents and Los Angeles police, while the grieving widow clamors for revenge.Here is where Groucho proves his genius as a detective--he seizes on the clue that reveals the death to be murder.This, however, is only the beginning. There is another murder.Groucho and Frank are attacked; Frank is shot at (but not hit); Groucho is hit (but not shot at; just knocked to the floor by the fleeing assailant). They not only survive, but they pinpoint the Nazi spy and the Hollywood figures working with them.In a romp made delightful in spite of spies, murders, and occasional dire peril, Goulart uncannily resurrects the most garrulous Marx brother and his unique brand of patter. The Groucho Marx of these stories is the next best thing to the capering of the late comedian himself, and a happy gift to everyone who remembers him fondly as well as those meeting him for the first time.AUTHORBIO: Ron Goulart has been a professional author for several decades and has over 180 books to his credit, including more than 50 science fiction novels and 20 some mystery novels. He's twice been nominated for an Edgar Award and is considered one of the country's leading authorities on comic books and comic strips. His latest book on comics, Comic Book Culture, was published in May 2000. Ron lives with his wife Frances, also a writer, in Ridgefield, Connecticut.

Customer Reviews:

Groucho Makes his Marks!.......2004-10-08

It's number five for Ron Goulart and the author continues to maintain the finesse, creativity, and cleverness in "Groucho Marx: Secret Agent."

Filled with the type of humor and gags one would expect from anything about Groucho, this books is not only for serious movie fans, but anyone who likes a "whodunit"-and this one adds a touch of the surreal (using Groucho is anything but!).

Famed British director Eric Olmstead is dead, with the usual suspicious circumstance. A day before he dies, he is seen whispering to the Grim Reaper-costumed person at a Hollywood Halloween party. When his body is discovered the next day, it looks like suicide, as a letter from Olmstead is found citing the circumstances of his death.

Enter the intrigue of "first rate detective work" in 1939 Hollywood, a time when thoughts are just a often centered upon the Nazi displays in Europe (Gloulart gives a heavy dose of Hitler here!) and Groucho and his friend (a scriptwriter-what else) Frank Denby get down to business. Frank's wife Jane (pregnant here)comes on board for yet another Goulart caper after Olmstead's wife (yes, a famous actress!) convinces them that her husband did not commit suicide. Armed with the fact that they've now been hired to solve the case, off the merry trio trip.

Yes, the books is heavily sprinkled with Groucho-like humor (especially the puns) but that has what kept this series so appealing. Of course, all this humor, plot scenarios, and cleverness are not infinite devices and Goulart, by the fifth book, begins to cede to this. Still-a fun read. Certainly not one to be considered seriously, but then not all books are. As Bacon says, some books are only meant to be chewed and tasted. This is one of them. (...)

Average customer rating:

Groucho Marx, Secret Agent
Ron GOULART
Manufacturer: St. Martin's Minotaur
ProductGroup: Book
Binding: Hardcover
ASIN: B000OPJYXA

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