Managing by Values in the Next Milenium: Cultural Redesign for Strategic Organizational Change
16 Pages Posted: 28 Jul 2000
Date Written: June, 2000
The system of beliefs and values, that shaped the model for management and organizations during the 20th century, is just not good enough today. In order to keep a business functioning well and competing successfully in markets that are increasingly more global, complex, professionally demanding, constantly changing and oriented towards quality and customer satisfaction a new model is needed. In this paper, we will propose that both Management by Instructions (MBI) and Management by Objectives (MBO) today give notoriously inadequate results. By contrast, description of a new approach labeled: Management by Values (MBV), seem to be emerging as a strategic leadership tool. The paper outlines this approach and discusses the implementation of MBV as a tool to redesign culture in organizations and prepare them for the next millenium.
Keywords: Managing by values, management in new milenium, strategic leadership.
JEL Classification: D23, M14, O33
Suggested Citation: Suggested Citation