Economic Value Management: Applications and Techniques (Hardcover)

by Eleanor Bloxham (Author) "When he get out of bed on Monday morning and gets ready for the long commute to work, John thinks about the morning staff meeting,..." (more)
Key Phrases: Information Gap, New York, Applications of Metrics (more...)

Editorial Reviews

Review
"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

Review
In an era when EPS has been redefined as expecting prison sentence, Eleanor Bloxhams 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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Product Details

• Hardcover: 304 pages
• Publisher: Wiley; 1 edition (November 8, 2002)
• Language: English
• ISBN-10: 0471354260
• ISBN-13: 978-0471354260
• Product Dimensions: 9.3 x 6.2 x 1.1 inches
• Shipping Weight: 1.2 pounds (View shipping rates and policies)
• Average Customer Review: 5.0 out of 5 stars See all reviews (6 customer reviews)
• Amazon.com Sales Rank: #1,186,867 in Books (See Bestsellers in Books)

Customer Reviews

Most Helpful Customer Reviews

3 of 3 people found the following review helpful:

5.0 out of 5 stars Cutting Through the Confusion about Performance Metrics, March 31, 2003

By	arnold j ziegel (stowe, vt United States) - See all my reviews

Corporate senior executives are subjected to pressure for performance from many constituents - shareholders, customers, employees, governmental and regulatory authorities, rating agencies, board members, and securities analysts. And, since these are by definition high achieving individuals, some of the greatest pressure is from within. The existence of many constituents, many with conflicting objectives, often makes it very difficult for CEO's, CFO's and board members to focus on key performance goals and metrics. Over the course of my 34 year career as a corporate banker, I've seen many confused executives, pressured for EPS growth, revenue growth, ROE, but not necessarily understanding the long run impact of any or all of these performance metrics.

Ms. Bloxham has produced a superb book that takes a "holistic" view of the process of identifying performance criteria for senior executives, and not just for those in the private sector. She and I share common views about the benefits of economic value added metrics, but she has gone well beyond this to address many of the conflicts for performance faced by executives. She provides an excellent framework for establishing a set of logical goals and performance metrics for managing complex businesses and non-profit organizations.

2 of 2 people found the following review helpful:

5.0 out of 5 stars This Book is a Must Read to Understand Economic Profit, July 6, 2003

By	Gary Cokins (Cary, North Carolina) - See all my reviews (REAL NAME)

When practitioners, who have actually rolled up their sleeves and implemented, write a book, it is usually a good read. In Eleanor Bloxham's case, this is a great read.

There is so much confusion about what operational and strategic levers an organization should push or pull to create rather than destroy shareholder wealth. Most articles slip into gross platitudes and sloganeering and sidestep the "how to." Bloxham's book dives in but explains adnmittedly complex interelationships in a way you can understand them. She does a fine job integrating the component tools, like the balanced scorecard and activity based costing, into economic value management.

Some day boards of directors may find this to be the standard book for assisting their shareholders make, not lose, money.

2 of 2 people found the following review helpful:

5.0 out of 5 stars Economic Value Management, February 8, 2003

By A Customer

This book is a winner! It emphasizes stewardship of resources, and explains in detail with excellent examples, how to implement a new way of thinking about responsibility. The book is an enjoyable read and packed with suggestions for action.