Value based management

Concepts to manage values Financial accounting Profit and cost controlling Value-based management ... 

Values in the industry value chain are subjects of financial accounting, profit and cost controlling as well as value-based management research. Out of the scope is the value chain support function of corporate finance concerned with getting required or investing excess financial resources in financial markets, which is not a core activity in the industry value chain and out of the scope in this work. The integration of value chain management with corporate finance is a potential area for further research. 

Value-oriented management concepts evolved from cost and profit controlling towards value based management concepts. Transparency on profitability of invested capital for the company and its shareholders is an objective of value-based management. Profitability indicators are related to capital indicators. Common indicators are Return on Assets (ROA), Return on Capital Employed (ROCE) and Economic Value Added (EVA ) as presented in table 3 (Hostettler 2002 Revsine et al. 2004). 

Project Management Techniques 4 0.87 Value Based Management 1 0.24... 

Supply Chain Management 6 1.39 Value Based Management 1 0.23... 

Weissenrieder, F. (1998) Value Based Management Economic Value Added or Cash Value Added Technical report. Department of Economics Gothenburg University, Sweden. 

Young, S. D., O Byrne, S. F. EVA and Value-Based Management. New York McGraw-Hill. ISBN 0-07-136439-0. (2001). 

---