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Strategic planning for value‐based management An empirical examination

Strategic planning for value‐based management An empirical examination This paper developed a model to identify empirically the critical strategic variables for value‐based management. Since “value” is abstract in its nature, managers need to know more concrete and clear target measures that derive the value of their business. In this model common financial variables and their variations are used as input variables to synthesize the market value added (MVA). The model used an artificial intelligence technique that is non‐parametric by nature and intended to capture a dynamic relationship between input and output variables. The study results show that this model is able to identify a set of strategic variables that are linked directly to the MVA of companies involved. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Decision Emerald Publishing

Strategic planning for value‐based management An empirical examination

Management Decision , Volume 42 (8): 11 – Sep 1, 2004

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Publisher
Emerald Publishing
Copyright
Copyright © 2004 Emerald Group Publishing Limited. All rights reserved.
ISSN
0025-1747
DOI
10.1108/00251740410555434
Publisher site
See Article on Publisher Site

Abstract

This paper developed a model to identify empirically the critical strategic variables for value‐based management. Since “value” is abstract in its nature, managers need to know more concrete and clear target measures that derive the value of their business. In this model common financial variables and their variations are used as input variables to synthesize the market value added (MVA). The model used an artificial intelligence technique that is non‐parametric by nature and intended to capture a dynamic relationship between input and output variables. The study results show that this model is able to identify a set of strategic variables that are linked directly to the MVA of companies involved.

Journal

Management DecisionEmerald Publishing

Published: Sep 1, 2004

Keywords: Strategic planning; Value added; Management activities

References