VALUE-BASED MANAGEMENT - MANAGEMENT SYSTEM OF MODERN ECONOMY

Assist. Angela Ogarc Ph. D Student
Additional contact information
Assist. Angela Ogarc Ph. D Student: University Spiru Haret Faculty of Finance and Banking Bucharest, Romania

Annals of University of Craiova - Economic Sciences Series, 2011, vol. 2, issue 39, 147-150

Abstract: The dynamism of the current economic environment requires companies a new way of approaching business, especially given that the traditional management fails to provide a clear and accurate picture of actual performance achieved. It is necessary thus implementing a value-based management, oriented to maximize the shareholders wealth, the value of the company. This management system uses specific management techniques and specific performance measurement tools, elements of organizational culture, contributing to good internal and external communication of the company. The value-based management principles must include all aspects of the company life, for it to adapt to changes in economic and financial environment. The value-based management focuses on improving decision-making process at all levels of a company, asking managers to use performance measurement tools based on the value to make the best decisions.

Keywords: traditional management; performance; value created; stakeholders; decision- making process; value-based management (search for similar items in EconPapers)
JEL-codes: G39 M21 (search for similar items in EconPapers)
Date: 2011
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
http://feaa.ucv.ro/AUCSSE/0039v2-017.pdf (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:aio:aucsse:v:1:y:2011:i:4:p:147-150

Access Statistics for this article

Annals of University of Craiova - Economic Sciences Series is currently edited by Sorinel Domnisoru

More articles in Annals of University of Craiova - Economic Sciences Series from University of Craiova, Faculty of Economics and Business Administration Contact information at EDIRC.
Bibliographic data for series maintained by Anca Bandoi ( this e-mail address is bad, please contact ).