000			02269naa a2200217uu 4500
001			9917
003			OSt
005			20190211154851.0
008			020108s2005 xx ||||gr |0|| 0 eng d
100	1		_aROGERS, Paul _99139
245	1	0	_aValue acceleration : _blessons from private-equity masters
260			_cjun.2002
520	3		_aPrivate-equity firms routinely achieve eye-popping returns ont eh business they operate. Their secret? A relentless focus on four management disciplines. Tough-minded mand highly disciplined, the best private-equity firms deliver returns on investment of more than 50
520	3		_aannually. Their success hingers on four straightforward management practices - ones that you can put to work at your own company. This article describe the four management disciplines vital to the success of the best PE firmes. First, for each business, they define an investiment thesis: a brief, clear statement of how to make the business more valuable within three to five years. The thesis, which guides all actions by the company, usually focuses on growth. PE firms know that the demonstration of a path to strong growth produces the ig returns on investiment. Second, they don't measure too much. They zero in on a few financial indicators that most clearly reveal the business's progress increasing its value. They watch cash more closely than imposing one set of measures across their entire portfolio. Third, they work their balance sheets, mining undervalued assets, turning fixed assets into sources of financing, and agressively managing their physical capital. Last, they make the center the shareholder. Corporate staffs in PE firms make unsentimental investment decisions, buying and selling businesses when the price is right and bringing in new management when perfomrance falters. These firms also keep their corporate centers extremely lean. By adopting these four disciplines, executives at public companies shoud be able to reap significantly greater returns from their own business units
700	1		_aHOLLAND, Tom _919255
700	1		_aHAAS Dan _919256
773	0	8	_tHarvard Business Review _g80, 6, p. 94-101 _d, jun.2002 _w
942			_cS
998			_a20020108 _bLucima _cLucimara
998			_a20060602 _b1454^b _cQuiteria
999			_aConvertido do Formato PHL _bPHL2MARC21 1.1 _c10056 _d10056
041			_aeng