The value mindset

About this book

"As creator of the Wealth Added Index (WAI) - a performance metric that allows you to manage all aspects of value - Stern Stewart's Erik Stern has become a beacon for creating shareholder value in the current storm of corporate malfeasance and poor performance. In The Value Mindset: Returning to the First Principles of Capitalist Enterprise, Stern and coauthor Mike Hutchinson show you how to develop this way of thinking and the willingness to create value over the long term, whatever your role within an organization. Working in finance is not a prerequisite - all individuals have the potential to create lasting value." "The Value Mindset takes the principles behind the creation of value, including those that underpin Economic Value Added (EVA), further than they have ever been taken before. Through real-world success stories, such as those of Isadore Sharp of the Four Seasons hotel chain and the late Roberto Goizueta of Coca-Cola, you'll gain a firm understanding of how companies should strategically reconfigure to release hidden value. Such reconfiguration goes well beyond outsourcing and demands a complete reassessment of the idea of the company." "The Value Mindset will help you focus more fully on value creation, whether you work in the private or public sector."--Jacket.