Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Question
Define value-based management
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Step 1
SOLUTION:-
VBM is a concept whih refers that management should firstly consider the interest shareholders in its enterprise actions. This framework encompasses the tactics for creating, handling and measuring value. It is essential to note that VBM differs from profit focused approach of managing business. Specifically VBM refers that the decisions made today are not only driven by short term profits rather they are driven by long term effects that decisions will have on organizational sustainability and profitability.
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