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Today's business world is characterized by increasing change - - technological, cultural, economic and personal changes. The net effect of these changes is increased anxiety, insecurity and stress for employees, managers, and business owners. The ability to adapt, change or even reinvent an organization is critically important to meeting the challenges of a competitive marketplace, domestic and international. How do you reduce and/or alleviate anxiety, insecurity and stress? Implement a values-based approach in the organization. Numerous studies have been conducted over the years and most have concluded a need exists for organizations to be managed by a common vision, purpose and set of values. The following is an informative discussion about a values-based intervention, Managing By Values (MBV) not to be confused with Managing By Objectives. MBO has as its primary aim aligning personal goals with business strategies by increasing communications. Although, MBO techniques are reflected in the MBV process, MBV primarily focuses on aligning personal values with daily actions and strategic decisions. The idea of Managing By Values was first conceived in the late 1980s by Ken Blanchard and Michae
The MBV strategy has been successfully implemented in many organizations, namely Norstan, a telecommunications company headquartered in Minnesota and the Holt Companies, a gas compressor manufacturer headquartered Texas. ------------------------------------------------------------------------ Aligning personal values with organizational goals, if this concept was to quickly diffuse and be implemented in organizations this could potentially influence and/or change American core values. That is to say that a shift could occur in corporate America from a bottom line perspective to a value-based perspective. Blanchard and O'Connor have a combination of elements, of the Human Resource Development concept; Cheney's democratic principles and Follett's Administrative Theory, at the basis of MVB.
Some common words found in the essay are:
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Approximate Word count = 1360
Approximate Pages = 5 (250 words per page double spaced)
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