In Search of Shareholder Value: Managing the Drivers of Performance - Softcover

A powerful blueprint for managing the link between strategy and share price.

* Identifies the key 'value drivers' in any corporation.
* Demonstrates how to align a company's constituent parts in support of enterprise-wide strategies for maximizing shareholder value.
* Draws on the authors' extensive experience as senior partners at PriceWaterhouseCoopers.

More than ever, mastering valuation has become an essential skill for every manager making strategic decisions. In Search of Shareholder Value presents a complete framework for value creation, based on state-of-the-art work at PriceWaterhouseCoopers. This book will help strategic decision-makers understand their organization's key 'value drivers' — and discover how to align every part of the enterprise in support of an effective strategy for maximizing shareholder value. It presents a systematic philosophy and approach to value creation, explains the key measures of shareholder value, and delivers a practical, robust framework for their application in driving company performance.

Endorsed by company leaders from Frito-Lay to Lloyds of London, this book offers clear-eyed analyses of the tradeoffs between risk and shareholder return. Then, the book develops powerful techniques for value-based management, showing how they can be customized and deployed across many global markets and business sectors. The authors outline techniques that can be applied to evaluating mergers and acquisitions; and strengthening value creation in underperforming business. They also introduce breakthrough value reporting performance metrics for evaluating value creation.

Dr. Andrew Black is the director of the PriceWaterhouseCoopers business analysis and target networking teams, which is part of the organization's business development effort. He has worked extensively on shareholder value models and their application to corporate clients.

Philip Wright is the European Leader of the Financial Advisory Services Group at PriceWaterhouseCoopers.

John E. Bachman is the leader of the PriceWaterhouseCoopers US ValueBuilder team. He assists senior management in top-tier companies in a variety of industries in analyzing and enhancing shareholder value.