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  • Management by Value: - A Management Approach That Ensures That Corporations Are Run Consistently On Value

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    Management By Value (MBV) is an approach that ensures corporations are consistently run to create value. MBV aims to provide guidance for a company's mission, strategy, governance, culture, communication, decision-making, performance management, and rewards. It has major dimensions that are economical, ethical, and emotional. The core elements of MBV are creating value for stakeholders like customers, employees, community, government, and shareholders while also making a profit. It promotes visionary thinking, credibility with the public, and adapting to challenges while motivating public participation in the economy.

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    Management By Value (MBV) is an approach that ensures corporations are consistently run to create value. MBV aims to provide guidance for a company's mission, strategy, governance, culture, communication, decision-making, performance management, and rewards. It has major dimensions that are economical, ethical, and emotional. The core elements of MBV are creating value for stakeholders like customers, employees, community, government, and shareholders while also making a profit. It promotes visionary thinking, credibility with the public, and adapting to challenges while motivating public participation in the economy.

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    11 views6 pages

    Management by Value: - A Management Approach That Ensures That Corporations Are Run Consistently On Value

    Uploaded by

    anshul25
    Management By Value (MBV) is an approach that ensures corporations are consistently run to create value. MBV aims to provide guidance for a company's mission, strategy, governance, culture, communication, decision-making, performance management, and rewards. It has major dimensions that are economical, ethical, and emotional. The core elements of MBV are creating value for stakeholders like customers, employees, community, government, and shareholders while also making a profit. It promotes visionary thinking, credibility with the public, and adapting to challenges while motivating public participation in the economy.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as PPTX, PDF, TXT or read online from Scribd
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    of 6

    ANS 3

    Management By Value
    • A management approach that ensures that
    corporations are run consistently on value.
    Creating
    Value

    Measuring
    Value

    Managing
    Vale
    MBV Aims to provide
    • The corporate mission
    • The corporate strategy
    • The corporate governance
    • The corporate culture
    • The corporate communication
    • Organization of the communication
    • Decision process and systems
    • Performance management process
    • Reward process
    Major Dimensions of MBV

    Major Dimensions

    ECONOMICAL ETHICAL EMOTIONAL


    Core Elements of MBV
    Value based management can be simply stated as a management system in
    which the entire organization is focused, measured, compensated for creating
    value for stakeholders

    SocialCommunity
    Responsibility
    Community

    National Interest
    Government

    Quality of Goods and Services


    Customers
    Customers

    Understanding
    Employees
    needs and rights
    Employees

    Safeguarding interests
    Members
    Organization Working Climate
    Elements…
    Value based management also includes
    making money. It is not a question of either
    man or money- Quest for both happiness and
    profit.
    Research shows that visionary companies
    perform on a markedly higher level.

    Cooperative activities need to be carried out


    with credibility- win the confidence of the
    public.
     Taking note of the emerging problems and
    realities- equipping oneself to cope up with
    such challenges effectively and with
    confidence.

     The general public should be motivated to


    join the cooperative movement- strengthen
    the economy

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