Value-based management is an approach to operations that seeks to align organizational aspirations with analytical techniques and oversight processes, with the aim of making decisions that increase value. Unlike older styles of management, this approach is not driven by top-down control structures; rather, it gives managers at all levels of the organization the tools and information they need to make the best decisions. With value-based management, the decision-making process depends on short- and long-term goals, as well as the balance sheet and the income statement.