The returning to the first principles of capitalist enterprise Stern, Erik 1971- creator Hutchinson, Michael 1958- text nju Hoboken, N.J John Wiley & Sons c2004 2004 monographic eng

print

xi, 452 p. ; 24 cm. Part I - Value mindset introduction. A revolution in value -- The efficiency of the market -- Other people's money -- Corporate governance in crisis -- Back to basics -- Introduction to incentives -- Growing value -- Focus on value -- The mindset of success -- Part II - Strategic reconfiguration. Unleashing hidden value -- Configuring companies -- Changing organisational architecture -- Strategic reconfiguration in theory -- Strategic reconfiguration in practice -- The growth of content -- The benefits of strategic reconfiguration -- Part III - Financial architecture - challenging existing thinking -- Introduction -- Acquisitions -- Outcomes as real options -- Divestments -- IPOs -- Financing issues -- Part IV - Motivating managers and employees to deliver value -- Awarding decision rights -- Fixed pay and incentives -- Balancing incentives -- Do options encourage value creation? -- The value of variable pay -- Franchising as a value mindset -- Share options -- Motivating all employees to create value -- The benefits of variable pay -- Part V - taking strategic reconfiguration further - the public sector -- The state we're in -- How did the state grow so large? -- Let us build up a decent world -- Reconfiguring global relations (I) -- Reconfiguring the state -- Reconfiguring global relations (II) -- Opportunity for all -- A final word. Erik Stern, Michael Hutchinson. Published simultaneously in US and Canada. Economic value added Corporations Valuation Industrial management Corporate profits Corporations Growth HG4028.V3 S825 2004 658.15 0471650293 (cloth) 2003021760 DLC 150309 20150309101708.0 7085