The One Best Way to manage a business according to science: What science tells us about how to secure the creation of maximum shareholder value (Paperback) (ISBN-13: 9798642833100)

This book is part of our more than 100 years of search to find the one best way to manage a business to secure the creation of maximum shareholder value and sustainable profitability. It is written to answer the following questions:

1. What is the one best way to manage a business and allocate its capital to secure the creation of maximum shareholder value and sustainable profitability according to science?

2. How the perspectives of Michio Kaku and Warren Buffet about the source of economic power of US in the last 200 years provide us the scientific evidence about the power of one best way to manage a business to secure the creation of maximum shareholder value and sustainable profitability?

3. Why we are investing several trillion US dollars in Index Fund although Paul Samuelson could not explain why active fund managers cannot consistently beat the benchmark indices such as S&P 500 in the passage of time? What is the science behind the Index Fund?

4. Why many companies that achieved the creation of significant amount of shareholder value and profit for many decades in the past fail, stop growing, and end up being sold for survival? How we can manage the threat of obsolescence, saturation of demand, and socio-political discontinuity?

5. What is Objective Myopia? Why the understanding of many executives on the shareholder wealth maximization norm is somehow myopic?

6. What is strategy according to science? Why focus is necessary to create wealth and diversify to sustain it?

7. Why the outcomes of many studies conducted in the last 100 years to find the one best way to manage a business are pseudoscience despite scientific method was used in the research? What is the Nature of Science or NOS? Why our understanding of the Nature of Science is important in our scientific studies to find the one best way to manage a business to secure the creation of maximum shareholder value and sustainable profitability.

For many decades, the Shareholder Wealth Maximization norm has been vilified. Yet, if we will link the study of the World GDP from 1AD to 2006, the development of numerous products and services in the last 300 years, and the development of best management theories and practices in the last 100 years, we will find that as we seek to create wealth in the economy to improve our lives, we keep on developing products, services, and methods to do work or to manage a business that provide us all the necessities, conveniences, and amusements of human life as if we are all guided by invisible hand as Adam Smith explained. And with the use of one best way to scientifically manage a business and allocate its capital, we can expect that the human progress will be accelerated because in the economy, cash is king but it will be a great king if it is in the hands of the people who can change the world. Imagine what the world will be like today if Nikola Tesla was not deprived of the necessary capital!

Author: Marionito Marquez
ISBN-13: 9798642833100
Publisher: Independently Published
Language: English
Published: 05/03/2020
Pages: 282
Format: Paperback
Weight: 0.92lbs
Size: 9.00h x 6.00w x 0.64d