1. Value-based management (stakeholder theory and theory of shareholders as primary stakeholders, shareholder revolution, value-based management concept, strategic financial management, value-based strategic management model),
2. Value measurement (performance measurement system of a joint-stock company, accounting performance measures, value performance measures, cost of capital),
3. Formulating value creation strategies (company strategy, business unit strategy, external growth strategy, restructuring strategy),
4. Application of value creation strategies (applying the value creation strategy using a list of harmonized results, the role of the business plan in value creation, the reward system in the concept of value-based management).

• Lectures
• Practical work
• Theoretical exam

To be able to manage a company that will maximize the wealth of its owners.

Mandatory reading

1. Đorđe Kaličanin, Enterprise Value Management, Faculty of Economics in Belgrade, 2006.

Additional reading

1. Biljana Pešalj, Measuring company performance, Faculty of Economics in Belgrade, 2007.
2. Blagoje Novićević, Enterprise Performance Management, Faculty of Economics in Niš, 2006.
3. Paul Niven, Balanced scorecard – step by step, Massmedia, 2010.