Victories in product market competitions are not automatically translated into stock market value. And conventional accounting methods alone don't necessarily reveal true value. If managers want to link product market success with stock prices, they must also look at economic factors such as...

The major objective of any business organization should be to create value for its stockholders or owners. If the stock of a publicly held corporation does not provide its shareholders with a return that increases their wealth, that corporation is not meeting its most fundamental obligation.

Most top executives of major public corporations insist that they manage their firms in the best interests of their share‐holders. In fact, during the carefree Fifties and the go‐go Sixties most of them did indeed concentrate on earnings growth, and the stock market rewarded them...

Strategic management gives an organization the power to “create its own future.” This was the gist of H. Igor Ansoff's message to management more than two decades ago. Yet, in spite of the obvious appeal of this idea, few, if any modern companies have been able to realize the full benefits...