Managing for Profit : The Added Value Concept book cover
1st Edition

Managing for Profit
The Added Value Concept

ISBN 9781138566392
Published November 4, 2019 by Routledge
168 Pages

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Book 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

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