医疗行业BNZX--业绩评估（英文版）(ppt 106页)

医疗行业BNZX--业绩评估（英文版）目录：
一、Executive Summary
二、Objectives
三、Background
四、Performance Measurement Framework
五、Market Value Added (MVA)
六、Economic Profit (EP)
七、Cash Flow Return on Investment (CFROI)
八、Exercises
九、Case Study - Diageo

 

医疗行业BNZX--业绩评估（英文版）内容提要：
Both ROE and EP are business metrics, tools used to measure the performance of the business
separate from fundamental business drivers, the actual factors that influence shareholder value, and output measures the backward-looking records of overall company performance
……

End goal of EP exercises is consistent with traditional Bain focus of maximising shareholder value
Bain has measured historical performance with Total Shareholder Return
Stern Stewart devised Market Value Added (MVA)TM as means of measuring market expectations of EP that managers will add in the future
managers’ objective should be to maximise MVA
……

Bain was the first of major consulting firms to focus on creating shareholder value
To achieve this, Bain has used the output measure of Total Shareholder Return and the accounting measures of ROE and ROI
Modified accounting measures, such as EP, provide an alternative means of measuring the creation of shareholder value.

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