Implementing EVA

• Implementing EVA in a company is more than just putting one additional row in the income statement. It is of course some kind of change process which should be given some management effort. However, if right actions are taken straight from the beginning then implementing EVA should be one of the easiest change process that a company goes through. The actions might include e.g. :
  • Gaining the understanding and commitment of all the members of the management group through training and discussing and using this support prominently during the process
  • Training of the other employees, especially all the key persons
  • Adopting EVA in all levels of organization - it should definately not be only a tool for the management group
  • Integrating EVA as a bonus base for all employees (of course this is not a must but it facilitates the process and has favourable effects after the implementation)

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