Český finanční a účetní časopis 2006(2):73-83 | DOI: 10.18267/j.cfuc.150

Value Based Management

Libuše Šoljaková
Ing. Libuše Šoljaková, Ph.D. - odborná asistentka; Katedra manažerského účetnictví, Fakulta financí a účetnictví, Vysoká škola ekonomická v Praze, nám. W. Churchilla 4, 130 67 Praha 3; <soljak@vse.cz>.

Activity (Value) Based Management systems provide more accurate information about business activities and processes. ABM systems focus on organizational activities as the key element for analyzing cost behavior in companies and reason for spending of resources. The main goals of implementation ABM is reducing the costs required to produce products and to service customers through elimination of activities with no value added for products and customers. Information about costs of activities is useful for product profitability analyses and customer profitability analyses.

Keywords: Activity; Classification of activities; Fixed and variable costs; Customer and product profitability analyses.
JEL classification: M41

Published: June 1, 2006  Show citation

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Šoljaková, L. (2006). Value Based Management. Czech Financial and Accounting Journal, 2006(2), 73-83. doi: 10.18267/j.cfuc.150
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