Many companies have introduced new value-based methods such as the EVA™ or CVA concept for strategic and operational control. However, they are still strongly focused on investment capital. This article presents a new, integrated value management concept (RAVE™) for managing human capital (Workonomics™), customer capital (Custonomics™) and supplier capital (Supplynomics), all in a value-oriented and quantitative way.
Editor’s Note: this is one of the best articles I have read recently and I strongly recommend it…
Authors: Rainer Strack, Ulrich Villis
Source: European Management Journal
Subjects: Finance, Management