managing by values

[...]... for ‘Organizational Development’ Trend towards autonomy and professional responsibility MBI ϭ Management by Instructions; MBO ϭ Management by Objectives; MBV ϭ Management by Values Figure 1.1 Evolution of three ways of managing companies: by instructions, by objectives and by values4 1 ᭤ MANAGING BY VALUES: ITS FOUNDATION AND EVOLUTION 7 These four interconnected trends, in turn, heighten organizational... always been marked by human values A leader’s job is to compel the organization to move in alignment with its strategic direction and its core The essence of true leadership has values This is done by creatalways been marked by human values ing a shared culture of value creation that implicitly and explicitly guides the daily activities of employees at all levels and in all functions By ‘humanizing’ its... whole meal, too xvi FOREWORD BY JOHN ABRAMS It really is all about values It doesn’t matter if the organization is big or small It only matters what drives us And Managing by Values makes it clear that this is not about what we say, but about what we do The authors say that ‘the single most critical success factor for [Managing by Values] is congruence between what corporate leaders say they believe... company stepped up in remarkable ways I have hopes for this book I hope it will be widely read by corporate leaders and I hope they will internalize the meaning of Managing by Values, begin to change their corporate cultures, and thereby change the way we think about business and the way we do business ᭤ FOREWORD BY JOHN ABRAMS xvii I recently saw an old friend with whom I had shared some powerful times... patients, students and corporate clients that have helped him refine the concept of managing by values and made his own life philosophy richer and more fulfilling Bonnie Richley would like to thank her co-authors, Simon Dolan and Salvador Garcia, for inviting her to join them in such a rewarding endeavor as Managing by Values She had learned from their experiences and perspectives in ways that have enriched... challenges of innovation and globalization that confront so x ᭤ FOREWORD BY BELMIRO DE AZEVEDO xi many companies Many of these challenges are well described in Managing by Values, specifically the challenge of creating an organizational culture that is governed by a blend of ethical, social, strategic, economic, and emotional-psychological values Today, as I write this foreword during a short vacation in... disregard their firm’s system of established values, underestimating the substantial worth and potential contributions of this very real asset They fail to properly manage, and mine, their organization’s values system, opting to focus on more tangible pursuits, like budgets, taxes or technology Proof of the financial power inherent in managing by values is demonstrated by Siebel Systems, Inc Founded in 1993,...Foreword by Belmiro de Azevedo I was asked by Professor Dolan to write a preface for this book on Managing by Values His request reached me at a particularly perplexing moment in my professional life where I am seriously reflecting on the company that I have been managing for over 40 years with a team of exceptional colleagues and staff... experience as pleasant and intriguing as its writing has been for us Additional information about Management by Values may be found at the MBV websites: (1) www managementbyvalues.com and (2) www.mbvsuite.com Any comments you wish to make towards the development of MBV will be gratefully received by email at any one of the following addresses:simon.dolan@ esade.edu; sgarcia@psi.ub.es; or bar2@case.edu... July–August), Managing for Value: It’s Not Just About the Numbers’, Harvard Business Review, 79, pp 65–73 This page intentionally left blank Part I Management by Values: Logic and Content This page intentionally left blank 1 Managing by Values: Its Foundation and Evolution ‘Mutual trust is a critically important lubricant for the working of social systems.’ (Kenneth J Arrow, Winner of Nobel Prize . vi Contents Foreword by Belmiro de Azevedo x Foreword by John Abrams xiv The Authors xviii Acknowledgements xx Introduction xxii Part I Management by Values: Logic and Content 1 Managing by Values: Its. of many parts. Managing by Values. Is there any other way? We all manage by values, in some way, but our values diverge widely. This book is a lucid descrip- tion of a set of values that is quite. drives us. And Managing by Values makes it clear that this is not about what we say, but about what we do. The authors say that ‘the single most critical success factor for [Managing by Values] is