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Alfred Rappaport. Whatever we select for our library has to excel in one or the other of these two core criteria:. We rate each piece of content on a scale of 1—10 with regard to these two core criteria. Our rating helps you sort the titles on your reading list from adequate 5 to brilliant Here's what the ratings mean:. Innovative — You can expect some truly fresh ideas and insights on brand-new products or trends. We look at every kind of content that may matter to our audience: books, but also articles, reports, videos and podcasts.
What we say here about books applies to all formats we cover. Alfred Rappaport's brainchild, the Shareholder Scoreboard. This special section lists 1, of the largest U. This journalistic feature popularizes Rappaport's "Shareholder Value" SV theory among institutional and individual investors.
Investors use this theory to make equity commitments that reflect the author's economics-based criteria. Frankly, the lay reader who has not majored in economics, or in corporate accounting and finance, will find Rappaport's book abstruse.
But it leads the way for the informed, inquisitive investor who seeks "business enlightenment" and Wall Street success. Do not be thrown off by the original print date. A classic is just that, a book that can be read and wisely used for decades. The small, silent shareholder revolution that Rappaport started is far from over.
By now, shareholder analysis has become part of the mainstream for hundreds of big companies though they accepted it gradually.
SV is far from perfect as a corporate strategy indicator. The true worth of this book for CEOs and other executives resides in its lessons for implementing the SV approach throughout a corporation. He has written three business books. The idea that a public corporation's main task is to make its shareholders wealthier caught on in the last generation and it is likely to become a universal practice in the next generation. This orientation, known as the "Shareholder Value" SV approach, weakens corporate managers' old, established habit of focusing on generating rapid quarter-by-quarter earnings results.
Instead, it forces them to look ahead to fulfill their stockholders' best interests. This change was driven by the s wave of corporate mergers and consolidations, where managerial mistakes created red-hot opportunities for cheap takeovers by raiders and other jackals. Shareholders have even voted out shortsighted CEOs who won quarterly skirmishes, but lost big-time battles.
Such shop cleaning effectively dethroned ranking executives at more than a half dozen Dow Jones Index companies. Consequently, to save their jobs and serve their shareholders, executives increasingly have turned to longer-term strategies that offer the most logical tactics for their companies and, as a consequence, increasingly satisfy the investment criteria of their shareholders ISBN: Pages: Start getting smarter: Email:.
Rating 8 The rating — what does it mean? Here's what the ratings mean: 5 —Solid. For instance, it may be offer decent advice in some areas but be repetitive or unremarkable in others. Often an instant classic and must-read for everyone.
While the rating tells you how good a book is according to our two core criteria, it says nothing about its particular defining features. Qualities Innovative Applicable. About the Author Dr. Summary Where Are the Shareholders' Yachts? Read on. Instant access to over 20, book summaries Email: Don't fill this:. More on this topic Customers who read this summary also read. Investor Relations. Comment on this summary contact us here if you have any questions.
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Ten Ways to Create Shareholder Value
Ground-braking classic book on Corporate Strategy in relation to creating shareholder value A true classic on Shareholder Value and Value Based Management, that remains very worthwhile to read even today. Alfred Rappaport is one of the founders of the creating shareholder value mindset , which gained importance in the '80s and still growing and increasingly accepted worldwide. Rappaport also Co-founded L.
Creating Shareholder Value: A Guide for Managers and Investors
Creating shareholder value : the new standard for business performance. Alfred Rappaport. The ultimate test of corporate strategy, the only reliable measure, is whether it creates economic value for shareholders. Now, in this substantially revised and updated edition of his business classic, Creating Shareholder Value, Alfred Rappaport provides managers and investors with the practical tools needed to generate superior returns. After a decade of downsizings frequently blamed on shareholder value decision making, this book presents a new and indepth assessment of the rationale for shareholder value. Further, Rappaport presents provocative new insights on shareholder value applications to: 1 business planning, 2 performance evaluation, 3 executive compensation, 4 mergers and acquisitions, 5 interpreting stock market signals, and 6 organizational implementation.
Creating Shareholder Value : A Guide for Managers and Investors
Companies profess devotion to shareholder value but rarely follow the practices that maximize it. What will it take to make your company a level 10 value creator? Executives have developed tunnel vision in their pursuit of shareholder value, focusing on short-term performance at the expense of investing in long-term growth. In this article, Alfred Rappaport offers ten basic principles to help executives create lasting shareholder value. For starters, companies should not manage earnings or provide earnings guidance; those that fail to embrace this first principle of shareholder value will almost certainly be unable to follow the rest. Additionally, leaders should make strategic decisions and acquisitions and carry assets that maximize expected value, even if near-term earnings are negatively affected as a result.
Creating Shareholder Value: A Guide For Managers And Investors
Michael J. Investment Strategist at Credit Suisse. Michael joined CS in as a packaged food industry analyst. Michael has been an adjunct professor of finance at Columbia Business School since and is on the faculty of the Heilbrunn Center for Graham and Dodd Investing. BusinessWeeks Guide to the Best Business Schools highlighted Michael as one of the schools Outstanding Faculty, a distinction received by only seven professors. Michael earned an A. He is also affiliated with the Santa Fe Institute, a leading center for multi-disciplinary research in complex systems theory, and is on the board of directors of Sermo, an online community for physicians.