Enterprise Value Management, The Application Of Eva Theory Study

EVA as early as 2001 Stern Stewart & Company entered the Chinese market,was introduced into China. Stem Stewart & Company to promote its economic value added (Economic value Added,referred EVA) as the core of management consulting,in the stock market,financial media,company management theory and practice community has caused a sensation.By 2003,the EVA evaluation system of soil and water against the country,Stern Stewart make no noise leave,Stern Stewart EVA in China,announced the promotion failed.Although the application of EVA in China unsatisfactory,but the sector in our country,the development of EVA is very good.This paper seeks to EVA in the effective application of China's enterprise management ways and methods.Article will maximize shareholder wealth as the ultimate goal of the enterprise,the enterprise is defined as the net value of the resources used by the opportunity cost and the remaining profits.This paper focuses on the value of EVA theory in the application management system,first through the enterprise value management and the theory of economic value added EVA are introduced,a clear business value management theory and the calculation of EVA and the essence of the theory expounded EVA Application status at home and abroad,by foreign enterprises on the successful application of EVA,that it is in our country the necessity and feasibility of enterprise applications,as well as the experiences of reference.This paper introduces the EVA Management System in China's enterprises is how to build,according to the introduction and establishment of EVA steps of the EVA based analysis of business value drivers and corporate budget management,but also on corporate performance evaluation systems and Reward and punishment system of businesses has been improved,and finally through the case to illustrate the theory of EVA as an advanced business management application in practice,describes the introduction of EVA in the enterprise specific steps and methods,and the enterprise through the data to prove that enhance the value of EVA Role.In short,EVA is a consistent value management a new management philosophy,which has injected fresh blood to the enterprise,giving companies a new way of thinking.