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Managing by values in the next milenium: Cultural redesign for strategic organizational change

Shimon L. Dolan and Salvador García

Economics Working Papers from Department of Economics and Business, Universitat Pompeu Fabra

Abstract: 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 (search for similar items in EconPapers)
JEL-codes: D23 M14 O33 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ind and nep-lab
Date: 2000-06
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