1st Edition

Value-Based Management in an Open Economy Optimizing Strategy to Improve Business and Performance

By Walter Amedzro St-Hilaire Copyright 2023
    472 Pages 3 Color & 1 B/W Illustrations
    by Apple Academic Press

    472 Pages 3 Color & 1 B/W Illustrations
    by Apple Academic Press

    This book investigates the relationship between strategy optimization mechanisms and the efficiency (performance and productivity) in the digital and open economy. The aim of this question on the interactions between strategies, performance, and market forms is to understand how, at the level of value-based management, productivity determines the optimized strategies and how the optimization process is modified according to the performance of the firm.

    Value-Based Management in an Open Economy: Optimizing Strategy to Improve Business and Performance outlines the conditions under which this relationship is negative, neutral, or positive in the banking sector. Applying economic and managerial principles, the book demonstrates that problems related to the competitive advantage can be successfully analyzed like all other business problems, using traditional tools of economics, finance, and strategy (provided that the dynamics of industry-specific interactions are considered). The author argues that the ability of firms to improve their performance depends on the structure in which these organizations compete and their ability to optimize their value-based management.

    Key features:

    • Captures the diversity and the interconnection of management control and firm performance issues
    • Analyzes the challenges of contemporary management control in order to provide transversal and sustainable strategic solutions
    • Promotes understanding of the prospects of optimizing mechanisms

    This volume is intended primarily for those who will be called upon to work as researchers or professionals in the fields of corporate governance and value-based management. The book identifies the technical practices and proposes mechanisms to encourage growth and improve performance. The book will be helpful for renewing strategic approaches and value-based mechanisms in a digital and open economy.

    1. The Concepts of Optimization and Efficiency in Digitalized Economy

    2. The Main Models of Value-Based Management and Their Application to Empirical Studies

    3. Strategy Optimization, Project Productivity, and Business Performance in an Open Economy

    4. The Role of Performance and Profitability in Optimizing Strategies

    5. Empirical Mechanisms for Identifying the Role of Strategies Optimization in Determining Comparative Advantage: Does Better Strategy Optimizing Result in Higher Levels of Company Performance and Productivity?

    6. Economic and Management Theories for Controlling Opened Business Context

    7. An Operating Framework for Clarifying the Relationship Between Strategy Optimization and Improve Performance in Digitalized Business Context

    8. The Quality of Strategies and the Structural Effect of Competitive Advantage

    9. Optimization Mechanisms When Confronted with the Variability of Sectoral Performance Factors

    10. The Standardization of the Measurement of the Effects of Optimization on Management Practices

    11. The Impact of Internal and External Strategy Optimization Mechanisms on the Productivity of Banking Institutions Using Firm-Level Data

    12. The Linearity of the Links Between Financial Tools and Operational Efficiency

    13. Rationalization Factors of Research Approach for Business Improvement Process Deployment

    14. Results for Banking Sector: Descriptive and Inferential Statistics to Test the Hypotheses, Using Econometric Tools

    15. Multi-Level Perspective for Analyzing the Impact of Strategy Optimization on the Business Improvement in the Banking Sector and the Digital Era

    16. Key Determinants for Operational Interactions Between Strategy Optimization and Business Performance

    17. Modeling the Organizational and Structural Determinants of the Value-Based Management

    18. Transforming the Value-Based Strategy: A Reinterpretation of Structural Constraint in Action Coordination


    Prof. Post-Dr. Walter Amedzro St-Hilaire is the author of more than 20 books and around 40 scientific articles. His specialization areas include portfolio management (bank, telecom, health, energy, and agribusiness), project management, entrepreneurship policies, corporate and technology governance, business technology, strategic management, business economics, risk management, economic infrastructures, public administration, international development, and applied economics. He has taught at various universities: HEC-Montreal (Canada), University of Ottawa (Canada), Northwestern University (USA), and George Washington University (USA). He has served as Chief Resources Economist and Principal Officer of Procurement Operations for UEB United European Bank and as a Technical Advisor on Economic Strategies and Policy Development for the World Bank. He is also a project economics and financial business expert for several institutions and international organizations.