Managing by values
Abstract
Politicians are fond of talking about a “third way” which combines most effectively a free economy with social democratic ideals. There are parallels here with the business world. Attempts must be made to alter the systems of beliefs and values that shaped management during the last century. Today’s markets are more global, complex and subject to change. The old model of hierarchical control of employees is inadequate. A new culture is required in which leaders can develop the personal and professional potential of everyone in their organization. It is an evolutionary process, in which effective “top down” mechanisms still play a part in monitoring results, rather than a revolutionary one.
Keywords
Citation
(2002), "Managing by values", Strategic Direction, Vol. 18 No. 9, pp. 22-24. https://doi.org/10.1108/02580540210793932
Publisher
:MCB UP Ltd
Copyright © 2002, MCB UP Limited