Value Based Management: The Corporate Response to the Shareholder Revolution

Rating:
Summary: VBM for Starters
Review: 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.

Rating:
Summary: T-H-E Value Based Management Guide
Review: This book, along with Young and O'Byrne's "EVA and Value-Based Management," are perhaps the only two books you really need to develop a comprehensive understanding of shareholder value and value based mangement. In fact, the book is almost equivalent to completing MBA-level coursework in both corporate finance and competitive strategy (relax, the book is far more exciting). If you've been thinking of implementing -- or have already implemented -- a value based management program, you should add this book to your library... soon.

Rating:
Summary: T-H-E Value Based Management Guide
Review: This book, along with Young and O'Byrne's "EVA and Value-Based Management," are perhaps the only two books you really need to develop a comprehensive understanding of shareholder value and value based mangement. In fact, the book is almost equivalent to completing MBA-level coursework in both corporate finance and competitive strategy (relax, the book is far more exciting). If you've been thinking of implementing -- or have already implemented -- a value based management program, you should add this book to your library... soon.