Value Based Management with Corporate Social Responsibility

by J. William Petty II, John D. Martin, James S. Wallace

As the first decade of the 21st century winds down we have seen a sea change in society's attitudes toward finance. The 1990s can best be described as the decade of shareholder supremacy, with each firm trying to outdo the other in their allegiance to shareholder value creation, or as it came
to be known, Value-Based Management (VBM). No one seemed to question this culture as the rising firm valuations translated into vast wealth creation for so...

• Format: Hardcover
• Language: English
• ISBN: 0195340388
• ISBN13: 9780195340389
• Release Date: August 2009
• Publisher: Oxford University Press, USA
• Length: 208 Pages
• Weight: 1.05 lbs.
• Dimensions: 0.9" x 6.4" x 9.3"

Customer Reviews

VBM for Starters

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.