Managing for Profit: The Added Value Concept, 1st Edition (Hardback) book cover

Managing for Profit

The Added Value Concept, 1st Edition

By R. R. Gilchrist

Routledge

164 pages

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Paperback: 9781138566392
pub: 2019-11-06
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Description

In this book, first published in 1971, the author develops and tests a productivity system based on Added Value as the measure of company income and output. The theory behind the system is that the behaviour of a company can best be explained in terms of its need to create an income. From this, it follows that its effectiveness depends on the efficiency with which it uses all the resources at its disposal to create this income. If it is accepted that the need is to create an income, then the efforts of the employees, the objectives of individuals, the pricing procedures, and the control systems must be co-ordinated to achieve this end. This title will be of interest to students of management, economics, and business studies.

Table of Contents

Preface; 1. The Nature of Company Income 2. Men, Motivation and Money 3. Incomes and Employment 4. Prosperity and Productivity 5. The Added Value Concept 6. The Productivity of Labour 7. The Employee’s Share of Company Income 8. The Productivity of Capital 9. Costing and Cost Standards 10. Budgeting 11. Budgetary Control 12. Pricing for Profit 13. Incentives for Profit 14. Prosperity and the Executive 15. Company Income and the Value Added Tax; Further Reading; Glossary; Index

About the Series

Routledge Library Editions: Management

The 53 volumes in this set, originally published between 1955 and 1996, draw together research by leading academics in the area of management and provides a rigorous examination of related key issues. The volumes examine management techniques, managing for profit and non-profit organisations, and management training and development. This set will be of particular interest to students of Business Studies.

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Subject Categories

BISAC Subject Codes/Headings:
BUS000000
BUSINESS & ECONOMICS / General
BUS041000
BUSINESS & ECONOMICS / Management