Values-based management

Abstract

Executive Overview Despite discussion in the popular and academic press, the connection between value judgments and economic success is still unclear in the minds of many executives. Management grounded in value choices for the organization that build compatibility between the individual and the organization is fundamental to decision making. Values-based management lays the foundation for the development of mission and subsequent corporate and individual plans and goals by enabling managers to address and resolve unavoidable dilemmas. Values-based management serves as an essential first step toward building a high growth organization in which individual performance improves and heightened individual achievement drives economic success.