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"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.
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