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Value Driven Management: How to Create and Maximize Value over Time for Organizational Success

Magazine article Online

Value Driven Management: How to Create and Maximize Value over Time for Organizational Success

Article excerpt

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Value Driven Management; How to Create and Maximize Value Over Time for Organizational Success

by Randolph A. Pohlman & Gareth S. Gardiner

ISBN: 0-8144-0485-5 Published: 2000

Pages: 240pp.; hardcover Price: $24.95 Available from: AMACOM, American Management Association, 1601 Broadway, New York, NY 10019; 212/903-8087 or 800/714-6395; http://www.amanet.org

This book is based on a very simple premise: "The Value Theory: What people value drives their actions." The authors believe that a successful organization is no longer seeking just short-term profits, but is attempting to maximize the value for all those involved with the organization, be they customers, employees, suppliers, shareholders, etc.

The first part of the book points out the importance of identifying the eight "value drivers" that must be understood and absorbed into the corporate strategy for the company to achieve sustainable success. And, wisely, in part two, the authors point out the necessity to reevaluate these values continuously as they change over time. …

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