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Part One: Understanding EVA.The Shareholder Value Revolution.
Posted June 15, 2004
Kudos to S. David Young and Stephen F. O¿Byrne, management consultants who largely steer clear of their industry¿s usual empty catchphrases and superficial hype. Instead, their lucid explanation of the importance of shareholder value takes center stage. The heftiness of EVA and Value-Based Management may be daunting, but most readers will be satisfied with Part I¿s strategic overview. The concepts reappear in Part II accompanied by a wealth of technical details, calculations and case studies to help finance professionals with nitty-gritty implementation of EVA (Economic Value Added) programs. The book honestly assesses EVA¿s power to motivate managers, noting that some companies just are not well-suited for this performance metric. We prescribe this book to corporate executives who have overdosed on consultant jargon but still want to drive value growth in their companies, and to finance specialists who seek a comprehensive roadmap to EVA implementation.Was this review helpful? Yes NoThank you for your feedback. Report this reviewThank you, this review has been flagged.