ASIGNATURA Value Based Management

ASIGNATURA
Value Based Management
Máster Universitario en
Management y Gestión del Cambio
Universidad de Alcalá
Curso Académico 2016/17
GUÍA DOCENTE
Nombre de la asignatura:
Código:
Titulación en la que se imparte:
Value Based Management
201746
Master Universitario en
Management y Gestión del Cambio
Departamento y Área de
Conocimiento:
Economía y Dirección de Empresa
Carácter:
Créditos ECTS:
Elective
6
Curso y cuatrimestre:
Profesorado: Dr. Robert Fieten,
Director Management Research
Team, Cologne (Germany)
2nd year
Horario de Tutoría:
To be arranged
students
Idioma en el que se imparte:
English
Coord. Teresa del Val
between
professor
and
English
1. PRESENTACIÓN
The governing objective of the modern company is to maximize value for the
stakeholders (shareholders, employees, customers and the community). In order to
achieve this objective and sustain it into the future modern companies must develop
an integrated management framework that aligns strategy, people and systems. In
this context value based management (VBM) is the overarching comprehensive
framework that can be used to foster focus on value maximisation of all parts of the
company with economic profit ((EVA) as a key financial metric.
2. COMPETENCIAS
General Skills:
1. Analysis and synthesis capacity
2
2. Ability to apply the knowledge acquired and capacity to solve problems in
new or little known environments in broader contexts (multidisciplinary)
within one’s field of study.
3. Ability to analyze and seek information from diverse sources.
4. Capacity to take decisions
5. Capacity to transmit information, ideas, problems and solutions to both
specialised and non-specialised audiences.
6. Ability to manage with accuracy concepts and business information to
identify and diagnose management problems, model them and propose
solutions in a reasoned way.
Specific Skills.
1. Understanding the philosophy and objectives of value based management
esp. in the manufacturing industries
2. Knowledge of the value drivers: Growth, margins, operational excellence, risk
management, capital expenditures
3. Knowledge of practical applications of value based management in wellknown industrial groups
4. Understanding the impact of value based management on goal setting,
decision making, controlling and performance measurement
5. Understanding the impact of value based management on operational
excellence and incentive systems
3. CONTENIDOS
Total de clases,
créditos u horas
Bloques de contenido (se pueden especificar los
temas si se considera necesario)
Definition/anatomy of value based management

0,5
Defining the system of value drivers and elaborating how
to actively manage them

1
Value based management: framework for strategic and
operational management: Cases
Closing the loop between VBM and operational
excellence

4
Roadmap for the VBM journey: Change management
within the organization. How to change the mindset and
how employees can become entrepreneurs

1,5
4. METODOLOGÍAS DE ENSEÑANZA-APRENDIZAJE.-ACTIVIDADES
FORMATIVAS
3
4.1. Distribución de créditos (especificar en horas)
Número de horas presenciales:
36
Número de horas del trabajo
propio del estudiante:
114
Total horas
150
4.2. Estrategias metodológicas, materiales y recursos didácticos
On-site classes
Lectures
Cases
Videos
Presentation
Tutorial
Evaluation
Lecture of textbooks and internal papers
Internet research
Autonomous – Individual and team work Easy
5. EVALUACIÓN: Procedimientos, criterios de evaluación y de calificación
a.
b.
c.
Assistance and active participation10%
Cases, Presentation, innovative ideas. 50%
Written exam o a case exam: 30%
In case you do not pass in the regular session then you have the opportunity to retake the final exam
in July or September (written exam or case).
.
6. BIBLIOGRAFÍA
Copeland, T.; Koller, T.; Murrin, J.: Valuation: Measuring and Managing the Valuen of
Companies. 3rd Ed., New York 2000
Knight, J. A.: Value Based Management. Developing a Systematic Approach to
Create Shareholder Value. New York 1997
Rappaport, A.: Creating Shareholder Value. The New Standard for Business
Performance. New York 1986
4
Stewart, B.; Stern, J.: The Quest for Value. The EVA Management Guide. New York
1991
5