MTU Library Catalogue

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Becoming a better value creator : how to improve the company's bottom line--and your own / Anjan V. Thakor.

By: Thakor, Anjan V.
Material type: materialTypeLabelBookSeries: University of Michigan Business School management series: Publisher: San Francisco : Jossey-Bass, c2000Edition: 1st ed.Description: xvi, 256 p. : ill. ; 24 cm.ISBN: 0787953083 (acidfree paper); 9780787953089.Subject(s): Industrial management | Value analysis (Cost control) | Gestion d'entreprise | Business & Management | Analyse de la valeur | International business | Management & management techniques | Business strategy | Business and ManagementDDC classification: 658.15 THA
Contents:
The five secrets of great value creators -- Understanding value and value creation -- Putting value creation into practice strategy, success measures, and speed -- Improving value creation in procurement and manufacturing -- Improving value creation in marketing, sales, distribution, and new product development -- Improving value creation in human resources -- Improving value creation in finance.

Enhanced descriptions from Syndetics:

Why do some companies perform beyond expectation year after year while others start out strong but quickly fizzle? The answer lies in their ability to create long-term value. In this book, a leading professor at the top-ranked University of Michigan Business School presents five keys to creating value by incorporating the efforts of marketing, manufacturing, human resources, and finance in a strategy for continuing bottom-line success. His fresh look at what makes companies work shows managers how they can identify the factors that create value and use them to benefit their organizations and their own careers.

Includes bibliographical references (p. 243-246) and index.

The five secrets of great value creators -- Understanding value and value creation -- Putting value creation into practice strategy, success measures, and speed -- Improving value creation in procurement and manufacturing -- Improving value creation in marketing, sales, distribution, and new product development -- Improving value creation in human resources -- Improving value creation in finance.

Table of contents provided by Syndetics

  • Foreword (p. xi)
  • Preface (p. xiii)
  • 1 The Five Secrets of Great Value Creators (p. 1)
  • 2 Understanding Value and Value Creation (p. 31)
  • 3 Putting Value Creation into Practice: Strategy, Success Measures, and Speed (p. 69)
  • 4 Improving Value Creation in Procurement and Manufacturing (p. 107)
  • 5 Improving Value Creation in Marketing, Sales and Distribution, and New Product Development (p. 131)
  • 6 Improving Value Creation in Human Resources (p. 165)
  • 7 Improving Value Creation in Finance (p. 201)
  • Afterword (p. 239)
  • Notes (p. 243)
  • The Author (p. 247)
  • Index (p. 249)

Reviews provided by Syndetics

CHOICE Review

Thakor (banking and finance, Univ. of Michigan Business School) argues that contemporary business success requires a corporate culture in which creating value is the keystone of the managerial paradigm. The volume's seven succinct chapters provide readers with guidelines for drafting and implementing value-oriented strategic plans for all areas within a company. In chapter 1 the author presents the "five secrets of great value creators," which include understanding the meaning of value and value creation, understanding organizational and personal strategies for success, measuring success, and mastering speed. Thakor then describes how value creation can be applied to various operations such as procurement and manufacturing; marketing, sales, and distribution; new product development; human resources; and finance. An interesting writing style combined with excellent use of examples and unique typography enhances the presentation. A summary and suggestions for self-evaluation and implementing value-creating activities conclude the chapters. Although oriented toward management professionals, this work, a volume in the new "University of Michigan Business School Management Series," should be required reading for prospective business practitioners. Recommended for upper-division undergraduate through professional collections. S. R. Kahn; University of Cincinnati

Author notes provided by Syndetics

Anjan V. Thakor is the Edward J. Frey Professor of Banking and Finance at the University of Michigan Business School.