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"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." "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." "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." "Accountingspecialists 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." 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.
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