Managing by values: Cultural redesign for strategic organizational change at the dawn of the twenty-first century

Authors: Dolan S.L.; Garcia S.

Source: The Journal of Management Development, Volume 21, Number 2, 2002 , pp. 101-117(17)

Publisher: Emerald Group Publishing Limited

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Abstract:

The system of beliefs and values that shaped the model for management and organizations during the twentieth 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 and management by objectives 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 millennium.

Keywords: Management Style; Values; Change Management; Strategic Management

Language: English

Document Type: Research article

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