The Value Mindset

Praise for The Value Mindset What to focus on and what not to focus on is at the heart of successful strategies. Stern and Hutchinson attack much of the current orthodoxy and propose a simple, yet hard-to-sustain, discipline that could reshape companies, industries, and nations. Their thesis and its scope are bold and will undoubtedly generate productive debates within and across many constituencies. -Harry L. Davis Roger L. and Rachel M. Goetz Distinguished Service Professor of Creative Management, University of Chicago A thought-provoking book, that is as much about the politics of management as it is about the finance. The ideas build on the principles of economic value added, using simple market solutions to better motivate management and employees of companies. -Julian Franks Professor of Finance, London Business School The value mindset is a revolutionary concept that returns to the very roots of capitalism. It can help you-as a manager or an employee-transform your company into an organization that can deliver value as well as returns to its shareholders. As creator of the Wealth Added Index (WAI)-a performance metric that allows you to manage all aspects of value-Stern Stewart's Erik Stern has become a beacon for creating shareholder value in the current storm of corporate malfeasance and poor performance, and in The Value Mindset, Stern and coauthor Mike Hutchinson show you how to develop this way of thinking and the willingness to create value over the long term-whatever your role within an organization. Filled with real-world success stories and practical concepts that have proven themselves time and again, The Value Mindset will help you integrate a value mindset approach into your organization-so you can create real value where it matters most.