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What is management by values?

  • Management Dictionary
  • Human Resources Management, Sustainable Development and CSR
22 views

Value does not exist as such, but is expressed in a relationship between at least two people, two entities, or two actors. Historically, value in a company has been understood through an accounting or economic lens.
Since the 2000s, stakeholders in companies no longer accept value in the singular. These stakeholders have VALUES, sometimes conflicting, which need to be made explicit.
Thus, values-based management can be defined as the art of managing human relationships within a company by fostering a collective dynamic far greater than the sum of individual capabilities or criteria strictly related to economic performance.

Mots clés
  • Ethics, Values-Based Management

Auteur.e(s)

VINOT Didier
Full Professor, Executive Director of the Chair "Values of Health Care"
iaelyon School of Management

Institution(s)

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