Value-based management - positioning of claimed merits and analysis of application
(2006)- Abstract
- Value-based management has attracted considerable interest among organizations and academics in recent years. Responding to calls for case-based research, this thesis describes, analyses and conceptualizes value-based management as a management accounting construct.
While previous research has focused on the measures (eg. EVA) advanced in the normative literature, this analysis demonstrates that value-based management can be understood to concern more than just measurement. Beyond a revision of measurement aspects, it is shown that the supply-side advocates argue for an alteration of management process aspects as well. From this, it follows that a one-dimensional focus on measurement aspects results in a too narrow... (More) - Value-based management has attracted considerable interest among organizations and academics in recent years. Responding to calls for case-based research, this thesis describes, analyses and conceptualizes value-based management as a management accounting construct.
While previous research has focused on the measures (eg. EVA) advanced in the normative literature, this analysis demonstrates that value-based management can be understood to concern more than just measurement. Beyond a revision of measurement aspects, it is shown that the supply-side advocates argue for an alteration of management process aspects as well. From this, it follows that a one-dimensional focus on measurement aspects results in a too narrow understanding of value-based management. Case-based evidence from six self-proclaimed adopters leads to the conclusion that value-based management benefits from a consideration of measurement and management process aspects in tandem. Depending on the design characteristic revisions brought about by the adoption, it is suggested that value-based management can result in four different orientations ? a measurement orientation, a reengineering orientation, a status quo orientation and a management orientation.
The results show that the adoption of value-based management, with few exceptions, has resulted in more extensive design characteristic revisions than reported in previous research. Even so, it is demonstrated that there are reasons for moderating the merits ascribed to value-based management in the normative literature. (Less) - Abstract (Swedish)
- Popular Abstract in Swedish
Värdebaserad styrning har på senare tid tilldragit sig mycket intresse från såväl akademiker som praktiker. På basis av fallstudiemetod beskrivs, analyseras och konceptualiseras värde¬bas¬erad styrning utifrån ett ekonomistyrningsperspektiv.
Medan tidigare forskning har fokuserat på de presstationsmått som lanseras i den normativa litteraturen visar denna avhandling att värdebaserad styrning vinner på att betraktas som mer än summan av sina mått. Utöver en revidering av mätaspekter visar en literaturgranskning att utbudssidans förespråkare föreslår en revidering av ett antal olika management processer. Fallstudiebaserade resultat från sex användare leder fram till slutsatsen... (More) - Popular Abstract in Swedish
Värdebaserad styrning har på senare tid tilldragit sig mycket intresse från såväl akademiker som praktiker. På basis av fallstudiemetod beskrivs, analyseras och konceptualiseras värde¬bas¬erad styrning utifrån ett ekonomistyrningsperspektiv.
Medan tidigare forskning har fokuserat på de presstationsmått som lanseras i den normativa litteraturen visar denna avhandling att värdebaserad styrning vinner på att betraktas som mer än summan av sina mått. Utöver en revidering av mätaspekter visar en literaturgranskning att utbudssidans förespråkare föreslår en revidering av ett antal olika management processer. Fallstudiebaserade resultat från sex användare leder fram till slutsatsen att värdebas¬erad styrning vinner på ett ömsesidigt beaktande av mät- och management processaspekter. Beroende på de designkaraktäristiskrevidering som ett anammande medför föreslås att värdebaserad styrning kan manifestera sig i en av fyra orienteringar ? mätorientering, reengineeringorientering, status quoorientering och managementorientering.
Jämfört med tidigare forskning ger resultaten att adoptionen av värdebaserad styrning med få undantag resulterat i en mer omfattande designkaraktäristikrevidering. Likväl illustreras det att det finns anledning att moderera de förtjänster som tillskrivs värdebaserad styrning i den normativa litteraturen. (Less)
Please use this url to cite or link to this publication:
https://lup.lub.lu.se/record/25552
- author
- Jönsson, Peter W LU
- supervisor
-
- Olof Arwidi LU
- Stefan Yard LU
- opponent
-
- Professor Bromwich, Michael, London School of Economics
- organization
- publishing date
- 2006
- type
- Thesis
- publication status
- published
- subject
- keywords
- adoption, management process aspects, objective, performance measurement, strategic planning, remuneration, MVA, EVA, TBR, CFROI, Accounting, TSR, measurement aspects, management accounting constructs, Value-based management, management accounting, Redovisning
- pages
- 363 pages
- publisher
- Institute of Economic Research
- defense location
- EC3:207
- defense date
- 2006-12-15 10:15:00
- ISBN
- 91-85113-12-3
- language
- English
- LU publication?
- yes
- id
- 7500b3d6-e7a7-4a22-882a-9f52d3770bef (old id 25552)
- date added to LUP
- 2016-04-04 12:19:33
- date last changed
- 2018-11-21 21:10:18
@phdthesis{7500b3d6-e7a7-4a22-882a-9f52d3770bef,
abstract = {{Value-based management has attracted considerable interest among organizations and academics in recent years. Responding to calls for case-based research, this thesis describes, analyses and conceptualizes value-based management as a management accounting construct.<br/><br>
<br/><br>
While previous research has focused on the measures (eg. EVA) advanced in the normative literature, this analysis demonstrates that value-based management can be understood to concern more than just measurement. Beyond a revision of measurement aspects, it is shown that the supply-side advocates argue for an alteration of management process aspects as well. From this, it follows that a one-dimensional focus on measurement aspects results in a too narrow understanding of value-based management. Case-based evidence from six self-proclaimed adopters leads to the conclusion that value-based management benefits from a consideration of measurement and management process aspects in tandem. Depending on the design characteristic revisions brought about by the adoption, it is suggested that value-based management can result in four different orientations ? a measurement orientation, a reengineering orientation, a status quo orientation and a management orientation.<br/><br>
<br/><br>
The results show that the adoption of value-based management, with few exceptions, has resulted in more extensive design characteristic revisions than reported in previous research. Even so, it is demonstrated that there are reasons for moderating the merits ascribed to value-based management in the normative literature.}},
author = {{Jönsson, Peter W}},
isbn = {{91-85113-12-3}},
keywords = {{adoption; management process aspects; objective; performance measurement; strategic planning; remuneration; MVA; EVA; TBR; CFROI; Accounting; TSR; measurement aspects; management accounting constructs; Value-based management; management accounting; Redovisning}},
language = {{eng}},
publisher = {{Institute of Economic Research}},
school = {{Lund University}},
title = {{Value-based management - positioning of claimed merits and analysis of application}},
year = {{2006}},
}