Transcript
  • 00:00    |    
    Initial credits
  • 00:06    |    
    Introduction
  • 02:56    |    
    Focus groups
  • 04:24    |    
    Economic Value Added (EVA) implementation in Europe
  • Methodology
  • 07:15    |    
    EVA changes
    • Dividends
    • Balance sheets
  • 09:13    |    
    Personal story
    • Basic accounting
    • Intangibles
  • 12:57    |    
    Equity
  • 13:57    |    
    Out of sight, out of mind
  • 14:41    |    
    Partners in the creation of value
  • 18:30    |    
    Role of the Chief Executive Officer
  • 20:03    |    
    Salesforce incentives
  • 20:28    |    
    Diagram 1
  • Benchmark
  • 24:49    |    
    Diagram 2
  • 27:11    |    
    Category 3: investments
  • 28:48    |    
    EVA formula
  • 31:46    |    
    Employee capitalism
  • 32:54    |    
    Personal story
    • Efficiency maximization
    • Offense salesforce
  • 41:40    |    
    EVA decisions
    • Grow the business
    • Improve performance
    • Quotes n , Joel M. Stern
      • John Shiely's experience
      • EVA implementation
    • Harvest losers
  • 50:37    |    
    Incentive contracting
  • 51:09    |    
    Properties
    • Simple calculation
    • Significant payments
    • Definitive
  • 55:23    |    
    Conditions
    • Improvements
    • No caps
    • Bonus bank
    • Free rider problem
    • Collaboration
    • Objectivity
  • 01:01:29    |    
    Budget negotiation
  • Budget issues
  • 01:06:44    |    
    Financial control
  • 01:08:03    |    
    Fixed and variable pay
  • 01:10:50    |    
    Value creation techniques
  • 01:12:36    |    
    EVA system
    • Bonus
    • Possible difficulties
    • Program mistakes
    • Negative personal results
    • Staff support
  • 01:27:04    |    
    Negative aspects of EVA
  • 01:29:55    |    
    Successful cases of EVA
  • 01:31:52    |    
    Question and answer period
    • How do you estimate and distribute EVA among the employees?
    • 80/20 rule
    • Do you take into account NAB in the final balance sheet?
    • Do you include human capital as an intangible asset?
    • How do you manage the constant change in the benchmark due to variations in the capital structure?
    • Would this become a retention bonus?
    • How do you manage to keep productive the research and development departments?
    • How do you maintain a sustained growth in the bonuses?
    • EVA ratios
    • Team incentives
    • Motivation and moral
    • What do you do after you harvest something?
  • 01:52:51    |    
    Final words
  • 01:54:00    |    
    Final credits


Incentive Plans Based on Economic Value Added (EVA)

New Media  | 17 de octubre de 2011  | Vistas: 250

Spreadsheets and balances contain important information for decision makers, which is useful for planning and determining certain aspects, crucial to a venture; nonetheless, these layouts may not include the data that is actually relevant for them. Joel M. Stern speaks about this hidden aspect of company measurements and explains how they can affect a corporation's productiveness, if not thoroughly examined. Stern focuses on the workforce and describes how a correct incentive plan, based on Economic Value Added (EVA), can maximize profit and productiveness in numerous ways. He mentions several relevant cases in which he has applied this methodology and encourages the implementation of this functional tool in every single aspect of a business plan.




Conferencista

Joel M. Stern is the creator and developer of Economic Value…

IDEAS DE LA LIBERTAD

Nuestra misión es la enseñanza y difusión de los principios éticos, jurídicos y económicos de una sociedad de personas libres y responsables.

Universidad Francisco Marroquín