The Global Competitiveness Report 2006-2007 (Global Competitiveness Report)
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    The Global Competitiveness Report 2006-2007 (Global Competitiveness Report)

    Manufacturer: Palgrave Macmillan
    ProductGroup: Book
    Binding: Paperback

    Strategy & CompetitionStrategy & Competition | Management & Leadership | Business & Investing | Subjects | Books
    ComparativeComparative | Economics | Business & Investing | Subjects | Books
    Economic ConditionsEconomic Conditions | Economics | Business & Investing | Subjects | Books
    Exports & ImportsExports & Imports | Economics | Business & Investing | Subjects | Books
    MacroeconomicsMacroeconomics | Economics | Business & Investing | Subjects | Books
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    GeneralGeneral | International | Business & Investing | Subjects | Books
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    Similar Items:
    1. The Global Competitiveness Report 2004-2005 (World Economic Forum Reports) The Global Competitiveness Report 2004-2005 (World Economic Forum Reports)
    2. The Global Information Technology Report 2005-2006: Leveraging ICT for Development (World Economic Forum Reports) The Global Information Technology Report 2005-2006: Leveraging ICT for Development (World Economic Forum Reports)
    3. World Development Report 2007: Development and the Next Generation (World Development Report) World Development Report 2007: Development and the Next Generation (World Development Report)
    4. Doing Business in 2007 (Doing Business) Doing Business in 2007 (Doing Business)
    5. Global Information Technology Report 2006-2007: Connecting to the Networked Economy (Global Information Technology Report) Global Information Technology Report 2006-2007: Connecting to the Networked Economy (Global Information Technology Report)

    ASIN: 1403996369
    Release Date: 2006-11-14

    Book Description

    The World Economic Forum continues its tradition of excellence with the 27th edition of the annual Global Competitiveness Report featuring the latest national statistics and results of the Executive Opinion Survey, which captures the perception of over 10,000 business leaders. The report provides the most comprehensive assessment of 117 developed and emerging economies. Produced in collaboration with a distinguished group of international scholars and a global network of over 100 leading national research institutes and business organizations, the report presents individual detailed country profiles highlighting the competitive strengths and weaknesses of each economy as well as an extensive section of data tables containing country rankings for over 160 indicators. The report also showcases the latest thinking and research on issues of immediate relevance for business leaders and policy-makers. The forthcoming Report is scheduled to include thought-provoking papers by Jagdish Bhagwati, Nicholas Eberstadt, Michael E. Porter, Kenneth Rogoff, Beatrice Weder and John Williamson.
    The New Knowledge Economy in Europe: A Strategy for International Competitiveness and Social Cohesion
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      The New Knowledge Economy in Europe: A Strategy for International Competitiveness and Social Cohesion

      Manufacturer: Edward Elgar Pub
      ProductGroup: Book
      Binding: Paperback

      GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
      InternationalInternational | Economics | Business & Investing | Subjects | Books
      TheoryTheory | Economics | Business & Investing | Subjects | Books
      GeneralGeneral | Business & Investing | Subjects | Books
      Regional PlanningRegional Planning | Politics | Nonfiction | Subjects | Books
      All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
      ASIN: 1843764687

      Book Description

      Knowledge is fast becoming one of the main sources of wealth, yet it can also become a source of inequalities. The New Knowledge Economy in Europe, now available in paperback, attempts to determine whether it is possible to hasten the transition towards a knowledge-based economy and enhance competitiveness with increased employment and improved social cohesion across Europe.

      The book is an amalgamation of the scientific and political agendas which led to the European strategy for the knowledge-based economy adopted by the European Union. Its authors illustrate their own influence on European policy-making with contributions on a broad range of subjects, including:

      • the potential for the growth of a knowledge-based global economy
      • new challenges for the welfare state
      • emerging trends in employment
      • the role of international benchmarking as a policy learning tool
      • the construction of European identity
      • the building of multilevel governance required to undertake reforms.

      The results of the European strategy for the knowledge economy have become apparent throughout the EU in policy areas including research, innovation, single markets, education and employment, among others. This is the new blueprint for economic and social modernization in the EU.

      The New Knowledge Economy in Europe will be of great interest to academics, managers, public administrators and professional organizations involved in studies of Europe or innovation.
      Trade-Offs: Negotiating the Omnibus Trade and Competitiveness Act
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        Trade-Offs: Negotiating the Omnibus Trade and Competitiveness Act
        Susan C. Schwab
        Manufacturer: Harvard Business School Press
        ProductGroup: Book
        Binding: Hardcover

        Exports & ImportsExports & Imports | Economics | Business & Investing | Subjects | Books
        GeneralGeneral | Business & Investing | Subjects | Books
        InternationalInternational | Harvard Business School Press | By Publisher | Business & Investing | Subjects | Books
        GeneralGeneral | International | Business & Investing | Subjects | Books
        Civil ProcedureCivil Procedure | Procedures & Litigation | Law | Subjects | Books
        GeneralGeneral | Law | Subjects | Books
        GeneralGeneral | Taxation | Law | Subjects | Books
        CommercialCommercial | English Law | Law | Subjects | Books
        Civil ProcedureCivil Procedure | Procedures & Litigation | Law | Professional & Technical | Subjects | Books
        Federal GovernmentFederal Government | Levels of Government | Political Science | Social Sciences | Nonfiction | Subjects | Books
        ASIN: 087584510X

        Book Description

        At a time when public discussion of trade policy is often clouded by rhetoric and misinformation, this book offers an accurate and balanced chronicle of the complexities of trade politics, featuring a detailed case study of the Omnibus Trade Act of 1988. This trade law was a milestone in U.S. trade policy, setting the stage for both NAFTA and the Uruguay Round of GATT. In Trade-Offs, Schwab offers a dramatic insider's account of the events, individuals, and policy decisions leading to enactment of this law, with key insights into how U.S. trade policy is made.
        Emissions Trading and Competitiveness: Allocations, Incentives and Industrial Competitiveness under the EU Emissions Trading Scheme (Climate Policy)
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          Emissions Trading and Competitiveness: Allocations, Incentives and Industrial Competitiveness under the EU Emissions Trading Scheme (Climate Policy)

          Manufacturer: Earthscan Publications Ltd.
          ProductGroup: Book
          Binding: Hardcover

          Strategy & CompetitionStrategy & Competition | Management & Leadership | Business & Investing | Subjects | Books
          GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
          Natural ResourcesNatural Resources | Economics | Business & Investing | Subjects | Books
          Environmental ScienceEnvironmental Science | Earth Sciences | Science | Subjects | Books
          GeneralGeneral | Science | Subjects | Books
          GeneralGeneral | Environmental | Civil | Engineering | Professional & Technical | Subjects | Books
          Environmental ScienceEnvironmental Science | Earth Sciences | Professional Science | Professional & Technical | Subjects | Books
          Public PolicyPublic Policy | Political Science | Social Sciences | Nonfiction | Subjects | Books
          All TitlesAll Titles | Qualifying Textbooks - Fall 2007 | Stores | Books
          ASIN: 184407403X

          Book Description

          ** Tightening of CO2 emission allocations in the EU may mean big bills for industries affected--what impacts will this have on their competitiveness?
          ** Leading experts analyze the consequences on competitiveness and profitability for a range of industrial sectors and the responses available to them
          ** First ever in-depth study of this critical dimension of carbon emissions trading schemes

          This special issue of the Climate Policy journal examines the impacts on the competitiveness and the commercial incentives available from the CO2 allowance allocations under the EU Emissions Trading Scheme, and discusses appropriate allocation methodologies, and whether–and if so at what stage–the ETS itself may need to be amended.

          The study is multidisciplinary, combining economic, legal and policy analysis with specific studies of impacts on electricity, cement and other industrial sectors and allocation issues. It brings together the results of research conducted over the past two years from various research centers and consultancies in Europe, and in particular work commissioned by the Carbon Trust and Climate Strategies Network. Through these, it presents the most comprehensive and detailed set of analyses of allocation and competitiveness yet conducted.

          Lead authors include: Damien Demailly, Michael Grubb, Angus Johnston, Karsten Neuhoff, Jos Sijm and Robin Smale.
          Catch-Up and Competitiveness in China: The Case of Large Firms in the Oil Industry (Routledge-Curzon Studies on the Chinese Economy, 8)
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            Catch-Up and Competitiveness in China: The Case of Large Firms in the Oil Industry (Routledge-Curzon Studies on the Chinese Economy, 8)
            Jin Zhang
            Manufacturer: RoutledgeCurzon
            ProductGroup: Book
            Binding: Hardcover

            GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
            GeneralGeneral | Business & Investing | Subjects | Books
            GeneralGeneral | International | Business & Investing | Subjects | Books
            New Business EnterprisesNew Business Enterprises | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
            GeneralGeneral | Industries & Professions | Business & Investing | Subjects | Books
            Oil & EnergyOil & Energy | Industries & Professions | Business & Investing | Subjects | Books
            GeneralGeneral | China | Asia | History | Subjects | Books
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            ASIN: 0415333210

            Book Description

            This book examines the role of corporate structure, including the role of corporate headquarters, in the success of large firms. It considers these issues in relation to large global corporations, thereby providing a 'benchmark', which is then used as a contrast in a discussion of corporate structure and the role of corporate headquarters within large Chinese firms, many of which have evolved from former government ministries. It includes a detailed case study of firms in the crucially important oil and petro-chemical sector. Overall the book shows what a hugely competitive battle China's emerging 'national champions' face with their global competitors, and puts forward policy implications for both large Chinese firms and the Chinese government concerning how business systems should be reformed further still in order to construct globally competitive large industrial corporations.

            Global Competitiveness in the Pharmaceutical Industry: The Effect of National Regulatory, Economic, and Market Factors
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              Global Competitiveness in the Pharmaceutical Industry: The Effect of National Regulatory, Economic, and Market Factors
              Madhu Agrawal
              Manufacturer: Haworth Press
              ProductGroup: Book
              Binding: Hardcover

              Exports & ImportsExports & Imports | Economics | Business & Investing | Subjects | Books
              GeneralGeneral | Business & Investing | Subjects | Books
              GeneralGeneral | International | Business & Investing | Subjects | Books
              EntrepreneurshipEntrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
              GeneralGeneral | Industries & Professions | Business & Investing | Subjects | Books
              GeneralGeneral | Pharmacology | Medicine | Subjects | Books
              GeneralGeneral | Pharmacology | Medical | Professional & Technical | Subjects | Books
              PharmacyPharmacy | Pharmacology | Medical | Professional & Technical | Subjects | Books
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              Similar Items:
              1. Pharmaceutical Economics and Policy Pharmaceutical Economics and Policy
              2. Inside the Minds: The Pharmaceutical Industry: Leading CEOs on Drug Development, Product Differentiation and the Future of Specialty Pharma (Inside the Minds) (Inside the Minds) Inside the Minds: The Pharmaceutical Industry: Leading CEOs on Drug Development, Product Differentiation and the Future of Specialty Pharma (Inside the Minds) (Inside the Minds)
              3. Pharmaceutical Marketing: Principles, Environment, and Practice Pharmaceutical Marketing: Principles, Environment, and Practice

              ASIN: 0789007150

              Book Description

              Through Global Competitiveness in the Pharmaceutical Industry: The Effect of National Regulatory, Economic, and Market Factors, educators, graduate students, and public policymakers will examine the global pharmaceutical industry and the effect of national, regulatory, economic, and market environments on the competitiveness of the industry. This unique book is the only empirical study that examines the effects of the national environment on the competitiveness of a country's pharmaceutical industry. With this informative book, you will explore such topics as the types of comparative advantages that firms use for developing competitive advantages and what strategic choices firms should make when collaborating with international firms. Public policy implications with respect to the economic environment are also explored to give you a complete look at the international pharmaceutical industry.
              Foreign Investment and National Security: Getting the Balance Right (Bernard and Irene Schwartz Series on American Competitiveness)
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                Foreign Investment and National Security: Getting the Balance Right (Bernard and Irene Schwartz Series on American Competitiveness)
                Alan P. Larson , and David M. Marchick
                Manufacturer: Council on Foreign Relations Press
                ProductGroup: Book
                Binding: Paperback

                GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                InternationalInternational | Economics | Business & Investing | Subjects | Books
                GeneralGeneral | Business & Investing | Subjects | Books
                GeneralGeneral | International | Business & Investing | Subjects | Books
                RelationsRelations | International | Politics | Nonfiction | Subjects | Books
                International SecurityInternational Security | Freedom & Security | Politics | Nonfiction | Subjects | Books
                Finance & InvestingFinance & Investing | Finance | International | Accounting & Finance | Professional & Technical | Subjects | Books
                ASIN: 0876093640
                Japan's Computer and Communications Industry: The Evolution of Industrial Giants and Global Competitiveness (Japanese Business and Economics)
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                  Japan's Computer and Communications Industry: The Evolution of Industrial Giants and Global Competitiveness (Japanese Business and Economics)
                  Martin Fransman
                  Manufacturer: Oxford University Press, USA
                  ProductGroup: Book
                  Binding: Hardcover

                  EconomicsEconomics | Business & Investing | Subjects | Books | Agricultural | Commercial Policy | Comparative | Consolidation & Merger | Cooperatives | Debt & Deficits | Development & Growth | Econometrics | Economic Conditions | Economic History | Economic Policy & Development | Exports & Imports | Free Enterprise | Inflation | International | Labor & Industrial Relations | Macroeconomics | Microeconomics | Money & Monetary Policy | Natural Resources | Privatization | Public Finance | Statistics | Sustainable Development | Theory | Unemployment | Urban & Regional
                  GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                  GeneralGeneral | Business & Investing | Subjects | Books
                  MISMIS | Industries & Professions | Business & Investing | Subjects | Books
                  High-TechHigh-Tech | Industries & Professions | Business & Investing | Subjects | Books
                  GeneralGeneral | International | Business & Investing | Subjects | Books
                  Manager's Guides to ComputingManager's Guides to Computing | Business & Culture | Computers & Internet | Subjects | Books
                  GeneralGeneral | Oracle | Databases | Computers & Internet | Subjects | Books
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                  CommunicationCommunication | Business & Finance | New & Used Textbooks | Stores | Books
                  ASIN: 0198233337

                  Book Description

                  Computers, telecommunications equipment, semiconductors - the products and technologies of the information and communications (IC) industry have transformed our world. Most of these products were initially developed in Western countries, but by the early 1990s some of the world's largest companies in the field were Japanese. This book explains the resurgence of Japan's IC giants, their global status, and their strengths and weaknesses. Empirical scrutiny of their evolution is the author's own theory of the most appropriate method for studying the dynamics of long-term industrial change. While the Japanese motor vehicle and consumer electronics industries have been relatively well analysed, there are no comprehensive up-to-date studies of the Japanese IC industry. This book addresses the questions consequently left unanswered: How were Japanese IC companies able to catch up with their western rivals--and in some cases overtake them? How have Japanese IC companies responded to the post-IBM world of computing? Why do they remain primarily dependent on the Japanese market? Why do they combine competences in computers, semiconductors, and telecommunications equipment, while their US counterparts are far more specialized? What role has been played by the Japanese government and the system of controlled competition in their success? Will Japanese IC companies become increasingly competitive internationally in the future? The author extends the evolutionary approach to the organization of the firm and industry developed by such writers as Schumpeter, Nelson, Winter, and Chandler. He argues that in order to understand the evolution of companies and industries, it is necessary to create a theory of the firm capable of encompassing the development of real firms in the real world in real time. This approach stresses the importance of the beliefs that are constructed in the firm under conditions of 'interpretive ambiguity', which guide the firm's decisions and its reactions to new technologies. Lengthy analyses of NEC and NTT (by far the world's largest company in terms of market value; its future currently under government scrutiny), and of the computing, switiching, and optical fibre industries, illustrate these concepts. Based on over 600 personal interviews over eight years with Japanese leaders, this book provides important new material on the past, present, and future of Japanese industry.
                  Managing Global Innovation: Uncovering the Secrets of Future Competitiveness
                  Average customer rating: 5 out of 5 stars
                  • The best I read on innovation management
                  • Excellent book!
                  Managing Global Innovation: Uncovering the Secrets of Future Competitiveness
                  Roman Boutellier , Oliver Gassmann , and Maximilian von Zedtwitz
                  Manufacturer: Springer
                  ProductGroup: Book
                  Binding: Hardcover

                  Strategy & CompetitionStrategy & Competition | Management & Leadership | Business & Investing | Subjects | Books
                  ManagementManagement | Management & Leadership | Business & Investing | Subjects | Books
                  Operations ResearchOperations Research | Management & Leadership | Business & Investing | Subjects | Books
                  Exports & ImportsExports & Imports | Economics | Business & Investing | Subjects | Books
                  GeneralGeneral | Popular Economics | Business & Investing | Subjects | Books
                  GeneralGeneral | Business & Investing | Subjects | Books
                  GeneralGeneral | International | Business & Investing | Subjects | Books
                  ResearchResearch | Marketing | Marketing & Sales | Business & Investing | Subjects | Books
                  ASIN: 3540668322

                  Book Description

                  What are the secrets of competitive R&D on a global scale? The nineties have seen the largest international R&D expansion ever. Investigating more than 1000 R&D laboratories of 80 companies, this book presents the largest description of global R&D practice. Based on 240 research interviews and case studies from 18 best-practice companies, the authors introduce new concepts and trends that will shape global R&D management in the early 21st century.

                  "Managing Global Innovation is a rich compendium of new concepts of global R&D, enlivened by 18 excellent best-in-class case studies. What is especially impressive, the authors bridge seamlessly theoretical and practical issues about how companies create, transform and implement new technology in an expanding marketplace. This will be intriguing to both the industry and the academic world. The lessons learned are invaluable. The book is a real tour de force, probably destined to become a standard in this field for some time to come."
                  Professor Jeff Huang, Harvard University

                  "This excellent book demonstrates how the dynamics of innovation and creativity can be mastered. Important reading for senior management and a must for R&D leaders."
                  Karl Weinberger, Head of Corporate R&D, Schindler

                  "A feast of delights... deserves a very wide readership."
                  Phil Galen, ICI Technology - Science and Technology Policy Strategy

                  Customer Reviews:

                  5 out of 5 stars The best I read on innovation management.......2000-10-05

                  Lots of practical examples! Clear structure, no easy answers, but insightful views based on practice and supported but academic concepts.

                  This is a great book for all who drive innovation!

                  5 out of 5 stars Excellent book!.......2000-06-01

                  'Managing Global Innovation' is a must-read for anyone interested in new product development in a globalizing world. This book presents a coherent framework for international innovation strategy, global R&D organization, and the execution of transnational R&D projects. The many examples make theory and concepts easy to understand. Moreover, the book features a collection of indepth case studies of otherwise little described companies. If you ever wondered how companies like SAP, Roche, or HP compete at the forefront of technology development, then this is the book to get. All in all, a well-conceived book that immediately appeals with its balance of applicability and theory.
                  Antitrust, Innovation, and Competitiveness
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                    Antitrust, Innovation, and Competitiveness

                    Manufacturer: Oxford University Press, USA
                    ProductGroup: Book
                    Binding: Hardcover

                    GeneralGeneral | Organizational Behavior | Business & Investing | Subjects | Books
                    GeneralGeneral | Business & Investing | Subjects | Books
                    GeneralGeneral | International | Business & Investing | Subjects | Books
                    AntitrustAntitrust | Business | Law | Subjects | Books
                    GeneralGeneral | Law | Subjects | Books
                    GeneralGeneral | Taxation | Law | Subjects | Books
                    Organizational BehaviorOrganizational Behavior | Business Management | Professional & Technical | Subjects | Books
                    GeneralGeneral | Law | New & Used Textbooks | Stores | Books
                    TaxTax | Law | New & Used Textbooks | Stores | Books
                    ReferenceReference | Law | New & Used Textbooks | Stores | Books
                    GeneralGeneral | Economics | Business & Finance | New & Used Textbooks | Stores | Books
                    ASIN: 019506769X

                    Book Description

                    This book explores how the U.S. antitrust laws, especially the Sherman Antitrust Act, have affected the ways in which U.S. corporations can form alliances to compete in world markets. The editors start from the premise that current antitrust laws unwisely restrain innovation by inhibiting desirable pro-competitive communication and cooperation between firms. This results in an impediment to the performance of U.S. firms competing in industries experiencing rapid technological change. Not all of the contributors agree with the editors about the degree to which the antitrust laws do indeed inhibit U.S. industry. Thus, the book represents a variety of views on a topic of increasing importance. Contributors include Phillip Areeda, William J. Baumol, Ann I. Jones, Robert P. Merges, Richard R. Nelson, Janusz A. Ordover, Thomas M. Jorde, Richard Schmalensee, Lawrence A. Sullivan, David M. Teece, Oliver E. Williamson, and Judge Frank H. Easterbrook.

                    The Value Mindset: Returning to the First Principles of Capitalist Enterprise
                    Average customer rating: 3 out of 5 stars
                    • A Solid Effort!
                    The Value Mindset: Returning to the First Principles of Capitalist Enterprise
                    Erik Stern , and Mike Hutchinson
                    Manufacturer: Wiley
                    ProductGroup: Book
                    Binding: Hardcover

                    Corporate FinanceCorporate Finance | Finance | Business & Investing | Subjects | Books
                    GeneralGeneral | Business & Investing | Subjects | Books
                    EntrepreneurshipEntrepreneurship | Small Business & Entrepreneurship | Business & Investing | Subjects | Books
                    GeneralGeneral | Finance | Accounting & Finance | Professional & Technical | Subjects | Books
                    All Amazon UpgradeAll Amazon Upgrade | Amazon Upgrade | Stores | Books
                    Business & InvestingBusiness & Investing | Amazon Upgrade | Stores | Books
                    Professional & TechnicalProfessional & Technical | Amazon Upgrade | Stores | Books
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                    Business & InvestingBusiness & Investing | Qualifying Textbooks - Fall 2007 | Stores | Books
                    ProfessionalProfessional | Qualifying Textbooks - Fall 2007 | Stores | Books
                    Similar Items:
                    1. EVA: The Real Key to Creating Wealth EVA: The Real Key to Creating Wealth
                    2. The EVA Challenge: Implementing Value Added Change in an Organization The EVA Challenge: Implementing Value Added Change in an Organization
                    3. The Quest for Value The Quest for Value
                    4. The Black Swan: The Impact of the Highly Improbable The Black Swan: The Impact of the Highly Improbable

                    ASIN: 0471650293

                    Book Description

                    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.

                    Download Description

                    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.

                    Customer Reviews:

                    3 out of 5 stars A Solid Effort!.......2005-04-11

                    To discuss how your company can create value, authors Erik Stern and Mike Hutchinson first offer a gloss on financial issues beginning with the basics. The book's point of departure is a presentation of core knowledge about efficient markets, shareholder value creation and the motivational use of compensation. The authors' primary business in the first half of the book is recapping these foundation issues in a digressive style replete with tangents and asides. In the second half of the book, they offer a stew of recommendations and suggestions that range from how to build value in your company to how government should increase overall value creation. The authors' opinions are plain, although some of their interpretations of history and finance may be open to debate. Stern created the Wealth Added Index (WAI), which measures value. He and his co-author now step forward with their explanation of how to create lasting value. The presentation is weakened by their scattered approach, but we agree with their contention that any individual can build value and appreciate their case histories. Overall, the book is better suited for those who need an overview of the basics, rather than those seeking an advanced perspective on value creation.

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