Stern Value Management

THE SCOOP

The EVA specialists…and more

With a lineage dating back to 1982, Stern Value Management is a boutique management consulting firm with a proud history. Under founder Joel Stern, the firm-then known as Stern Stewart & Co.-developed the Economic Value Added® (EVA®) methodology. Following a rebranding in 2013, Stern Value Management retained both Joel Stern's leadership and the EVA trademark. However, the Stern Stewart name lives on: a group of offices, headquartered in Europe, opted to retain the Stern Stewart name and operate as a separate firm following the rebrand. Presently, the two firms are not affiliated.

As of 2014, Stern Value Management's capabilities can be broadly grouped into 4 main categories: operations, strategy, finance and governance. Because its major focus is on creating value, the firm methodologies apply to clients in a broad range of industries-in fact, SVM has served more than 800 clients in both the public and private sectors, as well as in government including  AB Inbev, Best Buy, Briggs & Stratton, Credit Suisse, Coca Cola, Goldman Sachs, Herman Miller, Hertz , Morgan Stanley, Siemens, Sony, the U.S. Postal Service, Whole Foods and the Williams Companies.

As founder and chairman Joel Stern writes on the firm's site, "if firms maximize value over time, the surplus they will create will be invested elsewhere in society and this will create additional job opportunities and income for people who would not otherwise be able to earn it. My focus is on creating value in order to enhance the general welfare." Research conducted by the firm claims that those that have implemented its Value Based Management system have created more jobs while delivering superior returns to shareholders than a control group.

 

Finance roots with a generalist approach

SVM has its roots in the revolutionary finance thinking that started at the University of Chicago in the 1950's. Today, the firm emphasizes recruiting generalist problem solvers who also have a foundation in corporate finance. The firm today recruits from top undergraduate and MBA programs, including Columbia University, the University of Chicago, the University of Virginia, and New York University, among other top programs.

 

It's about value

While the firm may have started with EVA, its list of methodologies and proprietary tools doesn't end there. Stern's commitment to value creation can also be found in tools such as Market Value Added (MVA), Future Growth Value (FGV), Current Operations Value (COV), Wealth Added Index (WAI), and Relative Wealth Added (RWA).

In addition, the firm also conducts industry research and publishes books and whitepapers detailing its research. More regular contributions can be found at the SVM blog.

 

New brand - extended focus

Over the last few years, the firm has focused on operationalizing value creation, extending its concepts beyond the C-Suite and the Board and into operations. This extended focus is one of the key drivers behind the rebranding according to Erik Stern, the firm's President and COO. 

 

Global consultancy with a family feeling

With clients around the world but fewer than 100 employees, SVM is a rare breed: a global consulting firm that aims to retain the close-knit, family feeling among employees that is the hallmark of many boutique firms. Accordingly, the firm considers its flat organizational structure to be one of it keys assets, along with a diverse  workforce and the opportunity for consultants at all levels of the business to interact with its clients' senior officers.  

 

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Stern Value Management


75 Broad Street
29th Floor
New York, NY 10004
Phone: (212) 261-0600
Fax: (212) 581-6420
www.sternvaluemanagement.com

STATS


Major Office Locations

  • New York, NY (HQ)

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