This volume bridges the gap between management strategy, management accounting, and strategic human resource management to analyze the link between organizational strategy and systems of planning and control. Taking a managerial approach, particularly suited to MBA students, it helps students to identify problems and construct solutions based on proffered theory and industry practice. The problem-based approach adopted by the book engages students and challenges them to consider the range of factors required for the development of a performance management system and asks them to evaluate the use of different systems in different organizations. There is an on-going case which is developed across a range of chapters, helping students to develop a complete performance management system across the company.
Most clients understandably find planning concepts and strategies confusing, but most also have a fairly sound understanding of who and what is most important to them. These are the priorities from which to build the foundation of a successful estate plan. The seven principles explored in this book use personal values as a basis to form The Legacy Planning System
TM. With this approach, advisors can:
- Help clients discover and solidify their deepest values, convictions, and objectives relative to their money
- Help clients express those values and objectives in a clearly written Family Financial Philosophy mission statement
- Serve as the team leader in advising clients and clients other advisors on how to use the mission statement to direct the planning process
Clarifying your clients priorities and personal goals will enable you, as a trusted advisor, to simplify the planning process for clients, ensure their lifetime financial independence, and help them control their ultimate family and social capital legacies. Confronting issues of family dynamics, taxes, and financial situationsnot to mention accepting ones own mortalityis difficult for many people. In addition, since estate planning often requires a shift in ownership of assets, clients feel an unsettling loss of privacy and control over their financial resources. Help your clients to overcome these obstacles and achieve their highest financial and philanthropic aspirations. Theyll thank you for generations to come.
Praise for Values-Based Estate Planning
"Scott Fithians book provides planning professionals with new insights into the estate planning process. Most importantly, he stresses the individual and family benefits of philanthropythrough the concept of social capitalwhich should be a key element to the planners inventory of client questions."âCharles W. Collier, Senior Philanthropic Advisor, Harvard University
"This exceptional book empowers planners with a well- organized roadmap to lead wealthy clients to implementation of an estate plan expressing the clients own values. Scott Fithians Legacy Planning System focuses the advisor on the critical importance to the estate planning process of helping clients identify and articulate their values and objectives. This useful volume makes those ideas available to a much broader audience, while broadening the subject with illustrations of effective employment of the methodology he has developed."âDavid Wheeler Newman, JD, LLM, Mitchell, Silberberg & Knupp LLP
"Fithians view of the complete person helps the advanced advisor avoid the typical limitations (hazards) of planning for wealthy families. The easy-to-understand and easy-to-follow methods help determine in-depth values of the clients total financial goals. His methods result in cementing valuable relationships with the most prized clients. Critical reading for CPAs, attorneys, insurance agents, or other advisors." & mdash;Jessica M. Bibliowicz, President and CEO, National Financial Partners
"Scotts wealth optimization system is truly revolutionary. For the first time, affluent clients and their advisors can rely on a fully integrated system that spans all phases of wealth accumulation, management, and transfer over time. An outstanding reference!"âRobert Keys, The Private Client Group
Customer Reviews:
Honoring Your Values via Gifts and Bequests.......2000-06-01
Many estate planners fail to adequately understand a client's personal values and priorities and merely plug into a standardized will and trust setup. This book provides a systematic method for analyzing and implementing needs for personal financial security, gifts to family, and charitable giving. The audience for the book is clearly professional financial planners, but wealthy individuals will find the author's approach helpful.
Book Description
Value Based Management brushes aside the often-confusing amalgam of quick-fix management potions, and gives you tested tips and strategies designed to turn your company into an equity-enhancing machine. This long-awaited book describes how, once you have seen and tried the hundreds of different management theories that abound today, one goal will always remain: Enhancing Shareholder Value. Companies that focus on creating and building value become focused, goal-oriented, and successful at building the powerful business machines that are required in todayÕs give-no-quarter competitive environment. Performance measurement consultant James A. KnightÕs eye-opening book provides convincing proof that strategies designed to maximize shareholder value can benefit everyone involved. With its clear-cut diagrams, explanations, and case histories, Value Based Management demonstrates how every decision your management team makes can consistently create shareholder value. Its comprehensive benefits include a clear definition of the nature of corporate value, and how the act of enhancing it can create positive reverberations throughout the entire company; examples of companies that have successfully managed for value and how they have done it, alongside examples of companies that failed to manage for value and how you can avoid their pitfalls; and explanations of how Value Added Management creates the optimal balance between short and long term decisions, and helps your managers balance the trade offs between improved levels of profit and greater growth. Like so many journeys, the toughest step when focusing your company on Value Management is the first step. Take that first step today! Read Value Based Management, focus on the strategy and business questions it raises, then think about how its solutions can be tailored to fit your company. Once you have begun to implement Value Based Management your shareholders, along with your customers and employees, will recognize and reap the profitable benefits of a value based corporate mindset.
Customer Reviews:
Excellent introduction with detailed solutions.......1999-04-27
I've watched the words "Shareholder Value" creep into our business vocabulary over the past decade or so, and I've heard many explanations of how to optimize it. Unfortunately, there about as many definitions and techniques for measuring and managing it as there are books on the subject. I've read many of these other texts and worked with the other consultants Mr. Knight mentions in his book. But none of them have approached the precision and clarity of this book. Mr Knight starts with why management should understand the shareholder's needs and the proper methods for addressing those needs, then he takes the reader logically through all the steps (including the subtle nuances) of implementing such a program. There is no more comprehensive nor better written book on this subject on the market. If only Mr. Knight had written his book 10 years ago, many of us would have been saved from endless hours of vague and confusing meetings about what we were really trying to accomplish.
A very basic point of view.......1999-03-10
I expected much more of it. Very basic in it's assesments and definition. I cannot get a real signification of EVA until chapter 6. Good for earliers beginners not awaiting for much academic support
A must read book for companies striving for value creation.......1998-07-14
This book shows how to develop and implement strategies regarding value creation for shareholders. It has a very good mix of theory and business cases. The core aspect of this book is the theory behind the imperative link of: Strategic Planning, Budgeting, Financial Reporting and Incentive Compensation. This theory is tested against many sucessful business cases. The author also shows why some companies fail after incomplete or wrong assumptions on the value based management implementation.
Average customer rating:
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Management planning and control, a managerial approach to industrial accounting (Business and economics publications)
Billy E Goetz
Manufacturer: McGraw-Hill Book Co
ProductGroup: Book
Binding: Unknown Binding
 Management & Leadership
| Business & Investing
| Subjects
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| Business Ethics
| Consolidation & Merger
| Decision-Making & Problem Solving
| Distribution & Warehouse Management
| Industrial
| Information Management
| Leadership
| Management
| Management Science
| Motivational
| Negotiating
| Operations Research
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| Pricing
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ASIN: B0007DFDHK |
Average customer rating:
- Good step by step guidelines
- Finally, something PRACTICAL on shareholder value
- A blueprint for creating a value management system!
- One of the best management books ever written
|
Value Planning: The New Approach to Building Value Every Day
Lawrence B. MacGregor Serven
Manufacturer: Wiley
ProductGroup: Book
Binding: Paperback
Strategy & Competition
| Management & Leadership
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ASIN: 0471438103 |
Book Description
"If each individual in your organization became Shareholder Value-focused and made all of their decisions accordingly, you would have an almost incomprehensible competitive advantage." -Lawrence B. M. Serven.
For some time now, the conviction has been growing that traditional business planning methods are flawed and inefficient. At many companies, attempts have been made to address the problem with new budgeting systems, complete benchmarking studies, and reorganizations of finance functions. Unfortunately, while such initiatives may help reduce planning time, fundamentally they do little or nothing to make the planning process more effective. In this groundbreaking book, Lawrence Serven exposes the real reasons why planning so often fails to get results, and shows you how to transform the planning process from an "exercise in minimization" into a potent, results-driven management system that consistently creates shareholder value.
While most books on the subject discuss value creation in terms of grand strategic moves made by upper management, Value Planning takes a bottom-up approach. Lawrence Serven demonstrates how it is the cumulative effect of all of the little decisions made by individuals throughout an organization, every day, that makes or breaks shareholder value. More importantly, he shows you how to capitalize on that fact, and use business planning as a strategic management tool for aligning all levels of an organization-from the executive suite to the mail room-behind the common goal of increasing shareholder value.
Short on theory and long on step-by-step practical guidance, Value Planning gives you a complete blueprint for implementing a comprehensive value planning management system in your enterprise. Each chapter isolates a key aspect of value-driven business planning and contrasts it with traditional business planning models. Within each chapter you will also find valuable, easy-to-perform self-diagnostics that help you to assess your company's current status in the area under discussion, and a set of "Improve-ment Steps" that can easily be tailored to fit the realities of your organization.
Value Planning is an indispensable working resource for controllers, CFOs, finance directors, and budget directors, as well as for all upper-level managers involved in the planning process.
His work has been profiled in CFO magazine and Controller's Magazine, and he is the author of several articles that have appeared in Chief Information Officer and Technical Analysis of Stocks and Commodities. An award-winning public speaker, he has been the featured speaker at the AICPA and chaired a World Research Group international conference on reengineering the planning process.
Praise for Value Planning
"Serven demystifies shareholder value creation and provides a pragmatic, actionable guidebook for executives. Value Planning's step-by-step management system focuses business planning on delivering, not just predicting results. The book's self-diagnostic measures should prove especially useful in charting and assessing organizational progress." -Henry A. McKinnell President, Pfizer Inc.
"Value Planning addresses today's number one management issue - building a value management system-and provides a systematic approach with clear guidance that will be helpful to any company in creating shareholder value. I really enjoyed reading this book and highly recommend it."- John B. Menzer Executive Vice President and Chief Financial Officer, Wal-Mart Stores, Inc.
"Mr. Serven's approach is insightful and uncomplicated. Rather than simply focusing on theory, he has offered compelling real-life examples of how well-known leaders and their companies have built value for their shareholders." -Keith Rauschenbach Second Vice President, TIAA-CREF.
Customer Reviews:
Good step by step guidelines.......2000-07-04
I am in the process of implementing some of what this suggested, and the step by step approach makes it a lot easier.
Finally, something PRACTICAL on shareholder value.......1998-12-24
Every book I have read about shareholder value has been long on theory and short on application, but Value Planning is different. It provides a hands on blueprint for creating a value management system to grow shareholder value. It's about time!
A blueprint for creating a value management system!.......1998-12-01
A lot has been written about shareholder value, but there has been little written about how to put theory into practice, which is what this book does. I highly recommend it.
One of the best management books ever written.......1998-11-03
I am sure any number of businesses will benefit greatly from his book. Mr.Servens keen insight into the corporate world has proven invaluable. I especially recommend this book to budding entreprenuers, social climbers and misanthropes.
Average customer rating:
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A balanced scorecard approach to performance measurement: The balanced scorecard provides a useful framework for focusing performance measurement efforts ... An article from: Government Finance Review
Larry Maholland , and
Patrick Muetz
Manufacturer: Government Finance Officers Association
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ASIN: B0008F5BKQ
Release Date: 2005-07-30 |
Book Description
This digital document is an article from Government Finance Review, published by Government Finance Officers Association on April 1, 2002. The length of the article is 3553 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: A balanced scorecard approach to performance measurement: The balanced scorecard provides a useful framework for focusing performance measurement efforts on the critical drivers of success.(Brief Article)
Author: Larry Maholland
Publication:
Government Finance Review (Magazine/Journal)
Date: April 1, 2002
Publisher: Government Finance Officers Association
Volume: 18
Issue: 2
Page: 12(5)
Article Type: Brief Article
Distributed by Thomson Gale
Book Description
This digital document is an article from CMA Management, published by Society of Management Accountants of Canada on December 1, 2001. The length of the article is 1096 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: Cultivating Careers: The RSC Group tosses out the traditional notion of human resources to take an innovative approach to personal career development. (Case Study).
Author: Brad Bushelt
Publication:
CMA Management (Magazine/Journal)
Date: December 1, 2001
Publisher: Society of Management Accountants of Canada
Volume: 75
Issue: 9
Page: 36(2)
Distributed by Thomson Gale
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How much retirement can you afford? As retirement approaches, financial planning shifts from resource accumulation to resource use. A good retirement planning ... : An article from: Government Finance Review
Gordon Tiffany
Manufacturer: Government Finance Officers Association
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Release Date: 2005-09-01 |
Book Description
This digital document is an article from Government Finance Review, published by Government Finance Officers Association on August 1, 2005. The length of the article is 1545 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.
Citation Details
Title: How much retirement can you afford? As retirement approaches, financial planning shifts from resource accumulation to resource use. A good retirement planning budget is the last piece of the retirement planning puzzle--one that deserves significant attention.(Management & Careers)
Author: Gordon Tiffany
Publication:
Government Finance Review (Magazine/Journal)
Date: August 1, 2005
Publisher: Government Finance Officers Association
Volume: 21
Issue: 4
Page: 54(3)
Distributed by Thomson Gale
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- Martin Pring's Introduction to Technical Analysis: A CD-ROM Seminar and Workbook
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- Mergers, Acquisitions, and Other Restructuring Activities (Academic Press Advanced Finance Series)
- Microsoft Office OneNote 2003 Step by Step (Step By Step (Microsoft))
- Monte Carlo Methods in Financial Engineering (Stochastic Modelling and Applied Probability)
- Office 2007 All-in-One Desk Reference For Dummies (For Dummies (Computer/Tech))
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