Value Creation Thinking

Pt. 1. Economic Progress And Management's Core Responsibilities -- 1. Capitalism And Economic Progress -- Ceos Carrying A Torch For Free-market Capitalism; John Allison, T.j. Rodgers, John Mackey -- Is Capitalism A Moral System -- 2 The Firms' Competitive Life Cycle -- Eastman Kodak's Failure To Adapt -- 3m's Managerial Skill -- The Capitalist's Dilemma -- 3. The Firm's Purpose And Management's Core Responsibilities -- Management Should Stop Playing Wall Street's Quarterly Earnings Game -- Pt. 2. A Knowledge-building Culture Is Critical To A Firm's Long-term Survival And Success -- 4. The Pivotal Role Of Wold Views In Building Knowledge -- Why Michelin Run-flat Tires Failed -- Firm's Foundational Culture And Business Performance -- Toyota Kata -- Cleveland Clinic -- Can America Sustain A Culture Supportive Of Free-market Capitalism; Koch Industries , Vision, Virtue And Talents, Knowledge Processes, Decision Rights, Incentives -- Pt. 3. The Firm's Performance And Valuation -- 6. Valuation Insights, Life-cycle Reviews And Integrated Reporting -- 7. Valuation Of Firms Should Be A Continual Learning Process -- 8. The Quest For High Performance And Concluding Thoughts -- Jcpenney's Life-cycle Transition Bartley J. Madden. Includes Bibliographical References (pages 211-223). "In a world where short-term thinking has taken hold for too many managers and investors, Value Creation Thinking provides a much needed perspective on the key drivers of long-term value. Madden unites the fundamentals of financial valuation with a unique emphasis on corporate purpose, culture, and knowledge. Based on decades of research and practice, Value Creation Thinking sheds light on enduring sources of competitive advantage and exposes how traditional business thinking and accounting practices often distract managers and investors from sustained performance. By speaking the language of both shareholders and stakeholders, Madden provides an important contribution to our understanding of capitalism at a critical moment, and an illuminating roadmap for the future of business." Dominic Barton, Global Managing Director, McKinsey & Co.