VBM concerns analysis and management to free cash flow, risk and time adjustment, and concerns updating of workers 'ideas from short - time profit to long - time creation of value.

价值基础管理(VBM)，涉及对自由现金流量、风险以及时间调整的分析和管理，涉及对公司人员从短期利润视角到长期价值创造的观念更新。

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Analysis of free cash flow also facilitates management's comparisons of our operating results to competitors' operating results.

ENGADGET: Google's Q4 2011 results: $2.71 billion profit, $8.13 billion in revenue, Wall Street disappointed