EVA-the real key to creating wealth.

关于EVA的比较早的英文介绍

CC-ChrbarE 1# (140) 3-/4/11 2:015PM Page 1

1TheEVA Revlotiuon

hs boik coeebralet a sevorltiuo in nmangemean tnkwn as EVAo .ithW al lte htaetniot it nas hogttn ie nth prees,smo tse xecuitevs ahe heavrds meothng ibaou EVt byAnow . ORFTUNEm agzaien ashc llead t“itodays’ohtetst nanc ai ldia eadn gettng hotiert,” nda amngeaenmtgu ruPe er tDucrekr, ritwign in theH raavdrBusi essnR veewi,hsad sercbid EeA aV as ital vmaesrueo f ttao lafctr poroudcivity, tnoet ha retects ll the adminseins boywhich m naageent man icnceaser vluae.Sti l, wel supect thatsmost exe uticev, seen tvoshei nidseth e n naecd pearmentt,s til lahevon l y avaugen oion tf owaht VA isEand hwat it an cod ofr thierc opmny.a W ehpoe t correcott at bh ysowhni,gw ith naabsol tu emiimumn of quatieon snda na cnal iajrgon,thatE V Arulyt s,it o uqtoeFOR UNE aTgin, athe“ rel kayeto rcatenigw aetlh”. t Ati moss batsi,cE A, anV craoymn ofre ocnoim vacul eaded,dis a measure ofcor praotepe rformnaec httad ifefrs rfo mmst othore bs iycnluding ahcarg eaaigntsp rot fro ht ceots f oll thaeca pitlaa c mponay empoysl B.t uEV isAm cu mhroetha njst ua mesaru efop reofmarnc.eIt is ht erameworf fok ra omplcee ntancai lamagemnent an dicenntiv coepensatimno ystsm ehta ctangu ie dveryed eciion a coms-T

关于EVA的比较早的英文介绍

CC-CErhab#r1 1(-04)3 1/40/ 1:521P MageP 2EAV

anpym kaes,frm ote bhordrooa tomthe s oh opor; tahtc n artnsfaomra crpooraetcu tulr;et ha cat inmrove phet wrokng iiles vfoe eryovenin an roaginzaiotn by amikgnt hm eomre ucscesfus;l an tdah can hteplth em pordue cgratereweal thfo rsha eholrersd,c suotmers a,ndt hemslevse.T h ecpaial chatre ignE V Asiw htae oconmistsca l an lpooptrniuytco st It is. he rtturn ehat tnivsetro cousld xeect top getb pyutitn tghei mrneoyi nap otfolrioo ofhtres tocskan bdond sf ocmpaorbael rsik,and hat tteyh freog by owning theo seucrtiise f ohet compny ina uesqton. iheT cpaita lcahrgeem obidset e hfunadmetal nprceet, dpaing tllat h waey bakc toAd am mSit,hth t a aubsines has ts poodrue acmi imnu, mocpmtieitvere utrno allnt h ecapiat lnveitesdi ni. thTs icst of ocapiat,lo r rqeured ritaeof eturrn a,ppilesto queity s awell sa detb. usJ ast ledensr emdnda tehirin eretst aympetn, sharseoldhrs eisnits onget tnigat leats amiimnmuac eptcable areto f retrun not eh omneyt ey have ah rtis.k Viewd anotehe raw, EVyA i prost he waytshare hlodrs emesurea it. I shfaerohdles exrpceta mi inmm uerutn rof, say, 1%2on htei investmert, nthey dno’t bgin te“omke amnoy” eunti lrp ostr ie absov theat.A sPete rDruck er up titi nhi 199s5Harva d rusBneis Rseivw arteclei:“VE As bisae od nosmthieng w ehve kaonw forn a onglti e: mhWatw e all cprots , he mtneoyle ft toser ive cqeutyi,is uuasllyn to rp ot taa l.l ntUil abusine s seturnrsa ro p ttht ais graeet tran iths cot sofca piatl it,opeartsea t aossl.N eer vimndt ahti paty tsxas as if etihad ag neuien rp ot .Theent repisresti l reltrusnle s so tte econohym hta nitd eoursvin rseorceus . .. .U ntil tehn ti oesd ont reacet waleh; itt esdrotsy it”. Man yocprraotema ngear hsav ferogotetn tish bascip inricpel ebcaus ehty heave eenb ondctiinoed otf cos ou ncnoentivoanl ccauotnign rpot , shwic hnclude ai dducetoin or fniteerstp amynteso nedb tbu tave hno rovisiopna alt folr th coseto efuqty iacitalp.Wo se rtill, soms tlnie maagenrsf ocu onso preatignpro s, thicwh do’n teve hnvea chaarg eorfd eb. Trte uro ps dtnot’egibn utnli teh octs o cafptali, ike lla otlher ocss,t has ebneco evre.

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关于EVA的比较早的英文介绍

CCCEh-barr 1# (1-0) 4/13/01 245:1 M PageP3

Te hEVA evoluRtoinEVA sia me sure oaftho set ue rpo ts.rA rtimetichlal, yt iis ftareat xpeoaringtpro tsm ins ute ahppopriarte caitapl cahrg foe bothrd ebt ad nqeutyi .hWt areamnsi is thed lolaramou tnb y whic hpor t is ann given yeriodpex eec dr fallo hsrtoo fth ecso of tal lacipalt seud to rpduce thosoep or ts. Tihs i a sumben trahte cnooimts srfee tr as oresidualinco em wh,chim aensexac lty hwta t iimpies: Itlis th resieduel fe over after tall cstsohave eenbco ever. Edocnomstis als orfeerto t hi as escnomioc pro or tconeomicr etn W.eca lli tEV, Aforec noomi cvalu eddae. dt’sI tat hsmipe, lhtoguhthe a ctua clalcultaoniof E A iV sosewhmatmo r eompcliacetd .tI srtre uiqre s aumner ofb dceiisos (whicnhwi llbe di csssuedi n detil altaer o)nabo u htow top rpeolr ymaesreuo epratign ro tp, hso two emasreu cpitaal,na hdo wot etdrmeniethe c ot ofs caitalp. Hre’s ethe frmuloa EV:A= NOPAT– C%(CT)w ereh NOPTA isnet ope raitngp ro st afetrta ex, Cs%is the perecnagt eoscto cafitalp,na dCTis ttola cpiata. lhiT simpsle ofmrlu as ite founhdaitno fro a evorultin ionm angamene.t R“voleution”i s aohridly ovrreues dwrd, ofo curose,rotinuel ysmmouen idtnose rivect opumpu pmangeaent mafds htat braey qluaifl ysami dld istruanbce.s utBw e ra ceon endtt ah yotu wil come tl agoee rhtat EVA isa b on a e rdevoutlino,one tht caa hnep any colporratino p,bluc ir oripvaet,in an inyudtsr, proyduc esupreoi rrsules tof rhsaehrodlers e,plmyoese, nda cstomuers. he ETAV evolrutoi naleadyr i sewllu nerdway .Mreot hna30 0 ompancesion veeyrco ntienn (txeect Antarctpiac,of coruse, )iwth rvenuee approaching a trisliolnd lolrs aa yar,eha v eimlpeentemdSt re nStewar’stE A Vramfwore kfro anncilam aagenment ad nicnentive ompcensation EVA, .in urnt,h sa hlpee tdhe anamgre sfot hes cemopaines ceart eundheds or filbionlsof dlloas irn hareholdesrw alth thae wtolud’nto hetwire esistx. Th Ceoa-cCoa lCmoapy,nfo r eampxel h,dal ng oeben o. N in soft 1dirks nub it wast ecideddylm dieoce ir tnehw aetlhc retiano dearpment

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关于EVA的比较早的英文介绍

CCCE-hbarr 1 (#14-0)3/14 0/12:5 1 M PPge 4aEVA

i 1n893w enh ht laeteRob etr oGozietu abcame oen eof the rst ch ei exefctiuv ofecer st oadopt EV.A eY tb 1y99 4oCekhad becomet h No. 1 ewelth acearorti n he world,t ad nb yhet ne df 1o …… 此处隐藏：43360字，全部文档内容请下载后查看。喜欢就下载吧 ……