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Management by values (MBV): a new philosophy for a new economic order

Management by values (MBV): a new philosophy for a new economic order Purpose – This paper is aimed at presenting a conceptual model of managing by values (MBV) as an important philosophical and practical framework for leaders and managers of organizations use in today’s work environment. We briefly discuss the evolution of management from that of management by instruction (MBI) to management by objectives (MBO) and finally management by values (MBV). We outline the trends and examples of two influential organizations focusing on values and finally provide a MBV as critical and needed method that has been used in Spain and extensively in Cuba. Design/methodology/approach – Although this is a conceptual article, we have included some practical examples where MBV has been used and also some research that has been conducted using this model on MBA students across business schools across the globe. Findings – We present the three major dimensions of MBV (economical‐pragmatic, ethical, and emotional‐developmental). These dimensions were derived from research and practice using MBV in organizations and business schools. Originality/value – In this article, we present a new management philosophy and practice that is pertinent to organizational leaders and managers in the twenty‐first century. We believe that MBA is not only an important method but also one that is very needed for organizations today. We believe this system of values is core to organizational success and development as it is critical to both practitioners and researchers. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Handbook of Business Strategy Emerald Publishing

Management by values (MBV): a new philosophy for a new economic order

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Publisher
Emerald Publishing
Copyright
Copyright © 2006 Emerald Group Publishing Limited. All rights reserved.
ISSN
1077-5730
DOI
10.1108/10775730610618873
Publisher site
See Article on Publisher Site

Abstract

Purpose – This paper is aimed at presenting a conceptual model of managing by values (MBV) as an important philosophical and practical framework for leaders and managers of organizations use in today’s work environment. We briefly discuss the evolution of management from that of management by instruction (MBI) to management by objectives (MBO) and finally management by values (MBV). We outline the trends and examples of two influential organizations focusing on values and finally provide a MBV as critical and needed method that has been used in Spain and extensively in Cuba. Design/methodology/approach – Although this is a conceptual article, we have included some practical examples where MBV has been used and also some research that has been conducted using this model on MBA students across business schools across the globe. Findings – We present the three major dimensions of MBV (economical‐pragmatic, ethical, and emotional‐developmental). These dimensions were derived from research and practice using MBV in organizations and business schools. Originality/value – In this article, we present a new management philosophy and practice that is pertinent to organizational leaders and managers in the twenty‐first century. We believe that MBA is not only an important method but also one that is very needed for organizations today. We believe this system of values is core to organizational success and development as it is critical to both practitioners and researchers.

Journal

Handbook of Business Strategy – Emerald Publishing

Published: Jan 1, 2006

Keywords: change management; strategic management; Leadership; Organizational culture

References

  • Managing by values: cultural redesign for strategic organizational change at the dawn of the twenty‐first century
    Dolan, S.L.; Garcia, S.
  • Understanding and managing chaos in organizations
    Dolan, S.L.; Garcia, S.; Auerbach, A.
  • Validation of ‘triaxial’ model of values‐based management: towards new perspectives to manage culture in organizations
    Dolan, S.L.; Garcia, S.; Díez Piñol, M.
  • Making a life or making a living? Exploring the value system of MBA students and their respective schools
    Dolan, S.L.; Garcia, S.; Soto, E.; Díez Piñol, M.
  • Los Diez Mandamientos Para la Direccion de Personas
    Dolan, S.L.; Martin, I.; Soto, E.
  • La Direccion por Valores (DPV): gobierno de cambio en la empresa de s. XXI
    Garcia, S.; Dolan, S.L.
  • La Direccion por Valores
    Garcia, S.; Dolan, S.L.