Some words of comfort for those struggling with value based management
Oh, it's such a confusing world. Your main competitor has been stealing a march on your firm by using some new-fangled technique which tells management whether a business operation is creating economic value. No external factors have changed and yet their share price is buoyant while your own is in the doldrums. Better look into this thing.
Then it gets really confusing. Everyone starts talking about Stern Stewart, McKinsey, Rappaport, value added tools, value based management, discounted
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