Performance-Based Reporting: New Management Tools for Unpredictable Times - Hardcover

Johnsson, Hans V.A.; Kihlstedt, Per Erik

Hardcover

ISBN 10: 0471735434 ISBN 13: 9780471735434

Publisher: Wiley, 2005

Synopsis

The successfully proven alternative system for relevant business reporting through performance management

Performance-Based Reporting shows businesses how traditional accounting fails to provide meaningful measures for performance and presents radically innovative and thoroughly tested methods for performance-oriented management, assessment, and reporting. Twenty-five years in the making, this helpful book also presents The Baseline Approach to management, assessment, and reporting-composed of eighty-percent accounting-free methods.

Performance-Based Reporting presents the culmination of intense experiments involving more than 1,500 businesses and over 4,000 executives. It definitively proves the need for new tools for realistic business planning and management in an unpredictable world. These tools already exist, and this helpful guide walks readers through the process of implementing them to help firms improve their ability to predict the direction they should take in the future.

About this title

About the Author

Hans V. A. Johnsson is President of Sound Communications, a partner in RealBiz International AB, and Senior Advisor at Kreab, a leading consulting firm in Europe. His background includes leading positions in international banking and engineering industries, with the last twenty years spent mostly in the United States. He served three years on the board of the Advertising Research Foundation in New York and three years as president of the Connecticut Chapter of the BMA.

Per Erik Kihlstedt is the founder of RealBiz International AB, a company that provides virtually accounting-free methods and tools for strategic business analyses. RealBiz's portfolio of clients includes major companies in the automotive, power equipment, industrial tool, insurance, international business development, railroad, telecom, and retail industries, as well as hundreds of small and medium-sized companies.

From the Back Cover

"This is an impressive step in the development of company reporting. The proposed reporting system, based on business definition, business position, business reputation, and advanced cash flow, is actually a revelation. It shows a new way to expand today's business reporting systems, matching development trends in society. I see it as a welcome and even necessary step to bring company reporting in line with today's requirements."
Pierre Berhin, international fund manager

"I just read Chapter Four . . . extremely interesting and very much in tune with the needs of companies today. Especially the parts about baseline reporting, business definition, and client relationships. It is amazing how many important international companies that I have done consulting for have such internal disasters going on and apply very little of the concepts that you speak of. I believe your book will be received very well and hopefully be placed on required reading lists for business students around the world."
Christian G. Foucher, international business consultant performance management specialist

"A true enterprise risk management process. Not only should this book have an impact on how society and commerce look upon how we create, preserve, lose, or destroy value and how we account for our business activities, but also on the way we perceive and react to risks and opportunities. Through their teachings and business practices, the authors have significantly changed my own perception of the vast variety of factors and circumstances (risks) that may threaten the health and well-being of organizations."
Per E. Aakenes, Chairman The Swedish Risk Management Association

"Accounting specialists know that traditional accounting concepts are no longer adequate to describe today's companies, but for the most part they, and corporate managements themselves, have nothing to replace the current system. Now, along come Hans V. A. Johnsson and Per Erik Kihlstedt with Performance-Based Reporting, a clear and convincing description of why the old system can't work and what system can."
Peter J. Wallison, Resident Fellow American Enterprise Institute

The successfully proven alternative system for relevant business reporting through performance management

Performance-Based Reporting shows businesses how traditional accounting fails to provide meaningful measures for performance and presents radically innovative and thoroughly tested methods for performance-oriented management, assessment, and reporting. Twenty-five years in the making, this helpful book also presents The Baseline Approach to management, assessment, and reporting composed of eighty-percent accounting-free methods.

Performance-Based Reporting presents the culmination of intense experiments involving more than 1,500 businesses and over 4,000 executives. It definitively proves the need for new tools for realistic business planning and management in an unpredictable world. These tools already exist, and this helpful guide walks readers through the process of implementing them to help firms improve their ability to predict the direction they should take in the future.

From the Inside Flap

Performance-Based Reporting presents radically different and thoroughly tested methods for performance-oriented management, assessment, and reporting. Twenty-five years in the making, this helpful book presents the culmination of intense experiments involving more than 1,500 businesses and over 4,000 executives to develop practical uses of business-based alternatives to accounting methods.

Performance-Based Reporting shows businesses how traditional accounting fails to provide meaningful measures for performance. It definitively proves the need for new tools for realistic business planning and management in an unpredictable world. These tools already exist, and this helpful guide walks readers through putting them into use immediately with The Baseline Approach to management, assessment, and reporting, composed of eighty-percent accounting-free methods.

The Baseline Approach gives companies the ultimate competitive advantage the maximum freedom to act by addressing the fundamental forces and factors that play decisive roles in creating strengths and weaknesses in any company. Any limitations to the freedom to act, inside the company structure or the company's environment, limit its chances of success, in terms of survival, growth, and earnings.

Packed with real-life examples and case studies, as well as comparisons of the traditional approach and The Baseline Approach, six management situations are covered in Part II:

• Business planning
• Corporate governance
• Due diligence
• Fair and meaningful disclosure
• Auditing and risk management
• Bank lending, investment, and financing

Tying in EVA, Balanced Scorecard, and other methodologies to business reporting, Performance-Based Reporting helps controllers, finance managers, CFOs, compliance officers, and project managers in charge of Sarbanes-Oxley compliance implement effective risk management and develop an improved ability to predict the direction their business should take in the future.

Edition details

• Publisher: Wiley
• Publication date: 2005
• Language: English
• ISBN 10: 0471735434
• ISBN 13: 9780471735434
• Binding: Hardcover
• Edition number: 1
• Number of pages: 240