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Category: Business
Word Count: 1274
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value based management

Value Based Management practices – some evidence from the field

1. Introduction

Value Based Management is a management approach for measuring and managing businesses with the explicit objective of creating superior long-term value for shareholders (Ittner and Larcker, 2001).

VBM's leading principle is that all the decisions at all organizational levels should be made according to their impact on value (Copeland et al., 1996).

VBM provides managers with two principal tools: the firs
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