"Value Creation Insights" : Bartley J. Madden's New Book On How Organizations Build Knowledge and Create Value

“On first impression, Bartley Madden’s new book appears to be yet another book about how companies can create value. But it is actually something much simpler, yet more profound. A series of insights by a shrewd analyst, gained over a half century of examining what works, what doesn’t, and why. Madden’s system-based analysis makes you wish you had read this book earlier in your career, no matter where in your career you are now.”

Jon Lukomnik, Managing PartnerSinclair Capital

“Bartley Madden’s Pragmatic Theory of the Firm is aligned with how we believe great companies are built. As long-term active investors, we are committed to understanding how companies focus on the critical attributes of culture and innovation regardless of how difficult they can be to measure. We believe deep research and analysis of how a company operates and is managed provides long-term investors unique economic opportunities because they are not always obvious to see. We are also encouraged by Bartley’s ability to articulate ‘what it takes’ to be a great company. It is an excellent piece of work that helps demonstrate why we do the home work to identify these core principles and how we think about creating value in client portfolios. The investment world has become so short term and has unappreciated the importance of accountability to stewardship. This book helps bring it to life, and we applaud Bartley for making it so clear!”

Carol Geremia, PresidentMFS Investments

“Investment theories to date have largely been mathematical propositions, connecting risk and return quantitatively. What has been missing are verbal propositions that logically and intuitively connect investment returns to the drivers of those returns. Bartley Madden’s new book offers such a tangible  proposition with his Pragmatic Theory of the Firm. The theory proposes a four-dimensional firm purpose, whereby maximizing firm value is best positioned not as the purpose of the firm, but as the result of the firm successfully achieving its purpose. This integrated framework is indeed pragmatically logical and   intuitive. Even better, its insights and action implications are equally powerful for academics and students, for board members and executives, and for institutional investors and their clients.”

Keith Ambachtsheer, PresidentKPA Advisory Services