Hi! Thanks for the question.
Our first link provides a definition of value based management.
"The Strategic Alignment Handbook defines value-based management as a
system that strategically aligns company units with company goals by
focusing on value drivers (a value driver is a measurable and
responsive operating variable or activity which, when changed, has a
significant impact on value; defined to a level of detail appropriate
for each management level), company-specific programs, initiatives,
and plans that tend to improve operating cash flow. Value-base
management drives the decision criteria and behavior of managers.
value-based management defined value-based defined value driver
defined value drivers "
Glossary
http://www.findmehere.com/search/dictionary/v_index.htm
Value Based Mangement is used so as to keep the companies on track of
management goals and objectives such as:
"Value Based Management is the management approach that ensures
corporations are run consistently on value (normally: maximizing
shareholder value). It is useful to understand that Value Based
Management includes all three of the following:"
1. "Creating Value (ways to actually increase or generate maximum
future value ¡Ö strategy)."
2. "Managing for Value (management, organization, culture, government,
communication), and"
3. "Measuring Value (valuation)."
"What is Value Based Management? Definition. Measuring Value, Managing
for Value and Creating Value"
http://www.valuebasedmanagement.net/faq.html
Our next link provides the importance of having value based management
in organizations.
"Why Value Based Management (VBM)?"
http://www.valuebasedmanagement.net/faq_why_value_based_management.html
Search terms used:
"what is value based management" glossary
I hope these links would help you in your research. Before rating this
answer, please ask for a clarification if you have a question or if
you would need further information.
Thanks for visiting us.
Regards,
Easterangel-ga
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