Economic value and its impact on management

Understanding some concepts used in management, requires understanding value issues. Value seems a philosophical concept, but the impact of value in the business, emerge a new management style. The article presents the concept of value meaning by philosophers, economists and managers, and the solutions to achieve the value of a product, asset, and business. Are analyzed also how to measure business value. Practice shows that shareholders are interested for short term of dividends, but for long term of the enterprise value. So, there is the need for value-based management, which means that company policy is oriented for this purpose and hence derive the objectives and actions related to value.