Eva. The Real Key to Creating Wealth

  • ID: 2210152
  • Book
  • 256 Pages
  • John Wiley and Sons Ltd
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Called "today′s hottest financial idea and getting hotter" by fortune magazine, Economic Value Added (EVA) is the topic of conversation in financial circles around the world, from Germany and Japan to Singapore and South Africa. A revolutionary strategy for creating corporate and shareholder wealth that measures a company′s real profitability, it has been adopted by such prominent corporations as Coca–Cola, Eli Lilly, and Siemens AG–with spectacular financial results. Yet, despite its increasing visibility, most executives still only have a vague notion of what EVA is and what it can do for their company. This groundbreaking book explains and clarifies all. Written by Al Ehrbar, a leading business journalist and senior vice president at EVA inventor Stern Stewart & Co., EVA: The Real Key to Creating Wealth provides a complete, accessible overview that examines how exactly EVA works, how it is measured, what it can do to structure incentives for employees, and why it is as potent as it is.

At its most basic, Economic Value Added is a measure of corporate performance that differs from most others by charging profit for the cost of all the capital a company employs, including equity. To help translate principle into real–world practice, Ehrbar presents revealing case histories of EVA success stories, including those of Briggs & Stratton, the U.S. Postal Service, and Coca–Cola, which was catapulted from mediocrity to the number one wealth creator in the world with the addition of EVA.

An in–depth look at a breakthrough idea whose impact is being felt from corporate boardrooms to Wall Street, this indispensable book is must reading for business leaders looking to fully grasp–and profit from–"the real key to creating wealth."
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The EVA Revolution.

Revving the Engine at Briggs & Stratton.

The Right Way to Keep Score.

How EVA Reshaped Armstrong World Industries and Boise Cascade.

Earnings Per Share Don′t Count–EVA Does.

Serving the Service Industries.

Making Managers into Owners.

Banking on EVA.

The EVA Financial Management System.

Breaking the Regulatory Mould.

Closing the GAAP between Earnings and EVA.

SPX: Using EVA and Stretch Goals to Turn a Sputtering Jalopy into a Formula One Winner.

Afterword: Becoming an EVA Company by G. Bennett Stewart III.

Index.
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Al Ehrbar
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