飞行翻译_公务机_公务航空_Business Jet_Business Aviation

NONFINANCIAL RESULTS 2008-2009
BUSINESS AVIATION WITHIN THE “BEST OF THE BEST”
As mentioned earlier in this report, key drivers of enterprise value include financial and nonfinan-cial measures. Figure 4 on page 12 illustrates the value drivers important for maximizing enterprise value. While this report uses S&P 500 data to analyze the financial drivers of revenue growth, profit growth and asset efficiency of business aircraft users, a different approach is used to cor-relate such companies with the nonfinancial value drivers.
Why are nonfinancial value drivers important? Companies seek long-term value creation as a priority. Success delivers higher market capitalization (EV) ensuring superior shareholder return and unfettered access to capital markets for further growth. Since enterprise value is market driven and based on share price, it cannot be directly controlled. But most EV drivers can be managed to build future value. This orientation enables top executives to seek an efficient alignment of their company’s employees, processes and systems needed to promote increased shareholder value. The market sets share price based upon future expectations. Value-based management seeks to improve a company’s operating performance and deliver the promise of that activity to the market in terms it will understand and accept.
　
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本文链接地址：BUSINESS AVIATION – AN ENTERPRISE VALUE PERSPECTIVE 2003 – 2009(40)