In the seminal work "Creating Shareholder Value," Alfred Rappaport delivers a masterful guide for managers and investors keen on mastering the art of corporate strategy that is squarely aimed at amplifying shareholder wealth. With the precision of an economist, the insight of a seasoned consultant, and the clarity of a Wall Street Journal contributor, Rappaport equips his readers with the analytical tools and practical tests needed to navigate the complex terrain of value creation. The book stands as a beacon of rational strategy, challenging the wave of downsizings and short-termism often misattributed to the pursuit of shareholder value, and instead, redefining the narrative with a robust, in-depth exploration of its rationale and benefits. Rappaport doesn't just stop at theory; he propels the reader into the heart of application, offering provocative insights and real-world solutions across crucial domains such as business planning, performance evaluation, executive compensation, and mergers and acquisitions. Through the meticulous deconstruction of high-profile cases like the acquisition of Duracell International by Gillette, he lays bare the essentials of risk and reward assessment from both sides of the negotiating table. "Creating Shareholder Value" emerges not just as a treatise on corporate strategy but as a critical, must-read playbook for those aiming to thrive in the competitive global economy, making it an indispensable resource for achieving cutting-edge success.