Question: Value based management (VBM) emphasizes shareholder value. There are three approaches to VBM described in one of the article readings Creating Shareholder Value: 1) Total

Value based management (VBM) emphasizes shareholder value. There are three approaches to VBM described in one of the article readings Creating Shareholder Value:

1) Total shareholder return

2) Market value added

3) Economic value added

Explain how value is measured under two of these approaches to VBM. (5 marks) Note: if multiple responses are included, only the first two response will be marked.

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