Value Based Management
Shareholder value creation is stated as the main goal of the Value Based Management process. Considering this intention of value creation throughout the organization we believe that the VBM ideology is prevailing in Hydro Oil & Energy today. We have seen very clear resemblance of the BSC implemented and the guidelines of normative literature. In the literature there are few specific directives on how to set relevant KPIs, this problem can bee seen in Hydro O&E as the managers believe that one of their main challenges is - how to set well stretched and influence able measures. We have seen that in some places the BSC in Hydro O&E is mainly used for directing focus rather than settings fully influence able KPIs.