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To view this page ensure that Adobe Flash Player version 9.0.124 or greater is installed. ..Employee satisfaction – One of the chief drivers of shareholder value, although also one of the hardest to measure, is employee satisfaction. Our research shows that companies focusing on employee needs establish a culture of loyalty, higher productivity and superior morale, and this is a primary engine of value creation. Smart companies utilize their aircraft to increase employee satisfaction by improving the work environment and quality of life. This translates into higher productivity returns and thus higher value. ..Innovation – Innovation is the act or process of inventing or introducing something new and valuable, and may include product innovation, process innovation or the act of remak-ing an industry. Measurement is difficult, but possible through analyzing return on R&D, revenues from new products, market share and the like. Innovation used to be defined by new products, technology, quality and cost control. Today’s innovation requires even more, often driving organizational efficiency, optimal design of growth, operational improvements, networking (e.g., between marketing & engineers) and creative branding. ..Risk management and compliance – The post-Sarbanes Oxley world more than ever re-quires companies to remain compliant and vigilant on new rules of the road. Operational risk management rewards companies for strict compliance with Federal, SEC and foreign regulations and safeguards against waste, fraud and abuse. The current environment has raised the bar for business aircraft operators as there is increased scrutiny of compliance across a wide spectrum of regulated business activities. STUDY METHODOLOGY In assessing the potential financial benefits of operating business aircraft to companies and their shareholders, we examined peer groups of companies distinguished by their use or nonuse of busi-ness aircraft. Such an approach was pioneered in a study performed for NBAA and GAMA, pub-lished in 1993, followed by subsequent shareholder value analysis in 2001. The study looked at the companies comprising the S&P 500 list, which comprises relevant.large-cap.American companies covering about 75 percent of the American equity market by capitalization for the period 2003-2007, the most recent 5-year period for which complete data was available. Preliminary analysis of 2008-2009 data revealed similar trends. 中国公务机网 www.gongwuji.com 公务机翻译 www.aviation.cn 本文链接地址：BUSINESS AVIATION – AN ENTERPRISE VALUE PERSPECTIVE 2003 – 2009(19) |
