Summary : the Eva Challenge - Joel Stern and John Shiely

Summary : the Eva Challenge - Joel Stern and John Shiely

Implementing Value-Added Change In An Organization

eBook - 2014
Rate this:
This work offers a summary of the book "THE EVA CHALLENGE: Implementing Value-Added Change In An Organization" by Joel Stern and John Shiely. Joel Stern is cofounder and Managing Partner of Stern Stewart Co. John Shiely is President of Briggs Stratton Corporation, the world's largest producer of air-cooled gasoline engines. This company is one of the most successful implementors of EVA. Economic Value Added (EVA) is the best and most direct measure of whether a business is creating wealth when the cost of its capital has been taken into account. EVA also aligns precisely the interests of the company's owners with the interests of the managers in a way that is free of the distortions and vagaries of accounting conventions. The challenge is to harness EVA effectively to increase true economic profitability. According to Stern and Shiely, that will require three components - a measurement system, an incentive system and a financial management system which are all EVA based. Without those components, it will be impossible to tell whether or not a business is succeeding in making its capital worth more over time. The Eva Challenge demonstrates that EVA is the best and most definitive financial performance measure. In this valuable guide, the authors master the art of explaining EVA in a simple way.
Publisher: [United States] : Primento Digital : Made available through hoopla, 2014
ISBN: 9782511021699
Characteristics: 1 online resource
Additional Contributors: hoopla digital


From the critics

Community Activity


Add a Comment

There are no comments for this title yet.

Age Suitability

Add Age Suitability

There are no age suitabilities for this title yet.


Add a Summary

There are no summaries for this title yet.


Add Notices

There are no notices for this title yet.


Add a Quote

There are no quotes for this title yet.

Explore Further


Subject Headings

No similar edition of this title was found at GSPL.

Try searching for Summary : the Eva Challenge - Joel Stern and John Shiely to see if GSPL owns related versions of the work.

Suggest For Purchase

To Top