The Value Mindset

Erik Stern & Mike Hutchinson

Physical

In Circulation

This is a groundbreaking book on building long-term wealth for stakeholders. As creator of the Wealth Added Index (WAI), Stern Stewart's Erik Stern has become a beacon for creating shareholder value within the current storm of corporate malfeasance and poor performance. "The Value Mindset" shows readers how to develop this way of thinking by blending individual manager incentives with the proper corporate structure and the willingness to pursue value discipline over the long term. Filled with practical concepts that have proved themselves in the real world, this book shows readers how they can transform a company into an organization that can deliver value and returns to its shareholders.

"The Value Mindset" helps readers develop this mindset - as well as implement it - by detailing the metrics that are necessary for any manager to measure and monitor value creation within the firm. Erik Stern (London, UK) is a Senior Vice President at Stern Stewart & Co., based in London. He has designed and implemented programs for companies in several industries in the United States and Europe. Mike Hutchinson (London, UK) is a Vice President at Stern Stewart & Co., based in London. He worked previously for the BBC and the Consumers' Association.

What will you learn from this book

  1. Value Creation: The book likely emphasizes the importance of creating value, both in business and personal endeavors. It might explore strategies for identifying, creating, and delivering value to customers or stakeholders.

  2. Customer-Centric Approach: Stern and Hutchinson might stress the significance of understanding and meeting customer needs. This could involve strategies for building products or services that address specific pain points.

  3. Innovation and Adaptability: The book might highlight the role of innovation and adaptability in creating value. It could discuss fostering a culture of innovation to stay relevant in a changing landscape.

  4. Efficiency and Effectiveness: Efficient use of resources and effective management practices might be emphasized to maximize value creation. This could include strategies for streamlining processes and improving productivity.

  5. Long-Term Perspective: The authors might advocate for a long-term perspective in value creation, encouraging sustained efforts rather than short-term gains.

  6. Measuring Value: Stern and Hutchinson might discuss methodologies for measuring and assessing value creation, whether it's through financial metrics, customer satisfaction, or other performance indicators.

  7. Leadership and Vision: Effective leadership and having a clear vision for value creation might be central themes. The book could offer insights into leadership qualities that drive value-oriented organizations.

  8. Value-Based Decision Making: The authors might discuss decision-making frameworks that prioritize value creation, encouraging readers to align choices with value-driven objectives.

  9. Collaboration and Partnerships: Building alliances and collaborations that contribute to value creation might be discussed, exploring the benefits of strategic partnerships.

  10. Continuous Improvement: The book might advocate for a culture of continuous improvement, where individuals and organizations consistently seek ways to enhance value creation processes.

Language English
ISBN-10 0-471-65029-3
ISBN-13 9780471650294
No of pages 452
Font Size Medium
Book Publisher John Wiley & Sons
Published Date 17 Mar 2004

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