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The Value Mindset: Returning to the First Principles of Capitalist Enterprise
by Erik Stern, Mike Hutchinson
Product Group: Book
Publisher: Wiley (2004-03-29)
ISBN: 0471650293
EAN: 9780471650294
Dewy Decimal #: 658.15
Hardcover: 452 pages
Edition: 1
SKU: 08080202
Condition: Like New Like New
Comments: Hardcover. Like new cover and text. Like new dust jacket with very minor shelfwear. Near Fine condition. Beautiful book.
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Editorial Reviews
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Product Description
A groundbreaking book on building long-term wealth for stakeholders
As creator of the Wealth Added Index (WAI), Stern Stewart's Erik Stern has become a beacon for creating shareholder value within the current storm of corporate malfeasance and poor performance. The Value Mindset shows readers how to develop this way of thinking by blending individual manager incentives with the proper corporate structure and the willingness to pursue value discipline over the long term. Filled with practical concepts that have proved themselves in the real world, this book shows readers how they can transform a company into an organization that can deliver value and returns to its shareholders. The Value Mindset helps readers develop this mindset-as well as implement it-by detailing the metrics that are necessary for any manager to measure and monitor value creation within the firm.
Erik Stern (London, UK) is a Senior Vice President at Stern Stewart & Co., based in London. He has designed and implemented programs for companies in several industries in the United States and Europe. Mike Hutchinson (London, UK) is a Vice President at Stern Stewart & Co., based in London. He worked previously for the BBC and the Consumers' Association.
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Customer Reviews
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A Solid Effort!
Rating  (3)
Date: 2005-04-11
2 out of 2 customers found this reveiw helpful
To discuss how your company can create value, authors Erik Stern and Mike Hutchinson first offer a gloss on financial issues beginning with the basics. The book's point of departure is a presentation of core knowledge about efficient markets, shareholder value creation and the motivational use of compensation. The authors' primary business in the first half of the book is recapping these foundation issues in a digressive style replete with tangents and asides. In the second half of the book, they offer a stew of recommendations and suggestions that range from how to build value in your company to how government should increase overall value creation. The authors' opinions are plain, although some of their interpretations of history and finance may be open to debate. Stern created the Wealth Added Index (WAI), which measures value. He and his co-author now step forward with their explanation of how to create lasting value. The presentation is weakened by their scattered approach, but we agree with their contention that any individual can build value and appreciate their case histories. Overall, the book is better suited for those who need an overview of the basics, rather than those seeking an advanced perspective on value creation.
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