Value Based Management for Organizational Excellence

Value Based Management refers to the tools that managers can use to plan, organize and control a firm's operations in the ways that enhance shareholder's value. A value driver is any variable that affects the value of organizations. To be useful, however, value drivers need to be organized so that managers could identify those which have the greatest impact on the values and assign responsibility for them to the individuals who can help the organization to meet its targets. It is the management approach which ensures that organizations are important and are managed consistently on values to achieve the organizational excellence. For value based management to be successful, high level of initiative, creativity, leadership, training and implementation of ideas are required. The book contains some of the selected papers presented during the 39th ISTD National Convention on Value Based Management for Organizational Excellence. The papers in this book deal with topics like Enriching Organizational Culture and Values, Business Values for Organizational Growth, Ethical Human Resource Management, Corporate Social Responsibility and Organizational Excellence and Spirituality versus Consumerism. The papers have been contributed by HR directors, practicing managers, academicians, scholars and management students highlighting the issues and suggesting ways to enhance organizational effectiveness by using value based management. Executives of various enterprises, management consultants, policy makers, management teachers and researchers will find these papers meaningful for application. The book will also provide new vistas for further research.