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Author:
Joel M. Stern, John S. Shiely, Irwin Ross
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Economic Value Added (EVA) is a measure of the true economic performance
of a company and a strategy for creating shareholder wealth. It
is also a method of change corporate priorities and behaviour throughout
a company, right down to the shop floor. Properly implemented, EVA
frees the measurement of corporate performance from the vagaries
of accounting conventions and aligns the interests of managers with
those of shareholders, ending a decades-long conflict of interest.
In The EVA Challenge, the authors outline how to implement
EVA at all stages - including strategy development, organisational
design, training, and incentive compensation.
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