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2008 | 2(697) | 83-88

Article title

Pitfalls of Value Based Management (VBM)

Authors

Title variants

Languages of publication

PL

Abstracts

EN
The paper evaluates the practice of value-based management (VBM). Two fields of potential weaknesses are studies: (1) implementation and (2) effects of VBM in the company. The author's findings show a number of pitfalls in applying VBM. The most relevant are: impossibility of objective determination of the best value measure, technical difficulties in implementation of value measures (related to identification of capital cost and value of capital employed), myopia and focus on effectiveness at the expense of creativity, what leads to a decrease of efficiency in the long term.

Keywords

Year

Issue

Pages

83-88

Physical description

Document type

ARTICLE

Contributors

author
  • L. Pietrewicz, Instytut Nauk Ekonomicznych PAN, ul. Nowy Swiat 72, 00-330 Warszawa, Poland

References

Document Type

Publication order reference

Identifiers

CEJSH db identifier
08PLAAAA04238241

YADDA identifier

bwmeta1.element.b452e0bc-24e1-387a-bcb2-d165ca022917
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