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John Wiley & Sons The EVA Challenge Cover The EVA Challengeoutlines how to implement EVA?from training employees to answering the most frequen.. Product #: 978-0-471-47889-8 Regular price: $25.14 $25.14 In Stock

The EVA Challenge

Implementing Value-Added Change in an Organization

Stern, Joel M. / Shiely, John S. / Ross, Irwin

Cover

1. Edition January 2004
256 Pages, Softcover
Wiley & Sons Ltd

Short Description

The EVA Challengeoutlines how to implement EVA?from training employees to answering the most frequently encountered implementation problems faced by companies. EVA converts will come to this book for detailed "how to" advice. The EVA Challengecontains completely new material on real options, leveraged stock options, and other concepts critical to corporations in both new and old economy industry sectors. This book isn't just for companies and executives trying to turn things around, but also for market leaders looking to reinforce competitive advantage in a corporate environment where technology changes everything.

ISBN: 978-0-471-47889-8
John Wiley & Sons

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Further versions

The co-founder of EVA shows how to apply it in today's new economy
EVA-economic valued added-is a measure of the true financial performance of a company, and a strategy for creating corporate and shareholder wealth. It is also a method of changing corporate priorities and behavior throughout a company, right down to the "shop floor." In The EVA Challenge, the authors outline how to implement EVA-from training employees to answering the most frequently encountered implementation problems faced by companies.
This detailed "how-to" guide represents the second phase in the "EVA Revolution", showing executives around the world how to customize and implement EVA at their companies. Here, EVA converts learn how to work some "EVA magic" through company-specific initiatives and case study examples. Coverage includes completely new materials on "real options", leveraged stock options, and other concepts critical to corporations in both new and old economy industry sectors.

1. The Problem.

2. The Solution.

3. The Need for a Winning Strategy and Organization.

4. The Road Map to Value Creation.

5. The Changes Wrought by EVA.

6. Extendinge EVA to the Shop Floor.

7. Getting the Message Out: Training and Communications.

8. EVA and Acquisitions.

9. EVA Incentives.

10. How EVA Can Fail.

11. New Frontiers: Real Options and Forward-Looking EVA.

12. 25 Questions.

13. Recipe for Success.

Epilogue: EVA and the "New Economy," by Gregory V. Milano.

Acknowledgments.

Index.
JOEL M. STERN has been Managing Partner of Stern Stewart & Co. since its founding in 1982. He currently serves on the faculties of five graduate business schools all over the world. A widely published writer, he has been a financial policy columnist for the Sunday Times of London. A recognized authority on financial economics, corporate performance measurement, corporate valuation, and incentive compensation, Mr. Stern is a leading advocate of the concept of shareholder value.

JOHN S. SHIELY is President of Briggs & Stratton, one of the most successful implementers of EVA. He began his career as a tax accountant at Arthur Andersen & Co., then served as a lawyer, first with the Hughes Hubbard & Reed law firm, later at Allen-Bradley/Rockwell Automation, and joined Briggs & Stratton in 1986 as general counsel.

IRWIN ROSS was retained by Joel Stern to assist in the writing of The EVA Challenge. He has written a number of books, including The Loneliest Campaign, The Image Merchants, and Shady Business. He is a former roving editor of Reader's Digest and over the years has written for a variety of other magazines, including Fortune and Harper's.