What is Value Driven Management?


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Effectiveness in performance of managers and workers is a function of values and skills together. A good manager has strength in both values and skills. We have management by consciousness. The purity of mind and heart guides the reasoning and intellect in all managerial functions particularly in HRM.

 

Every effort must be made by the top management in the organization to inculcate values. Values relate to the internal domain of business i.e. interactions with employees, customers, suppliers, creditors, public, etc. In the corporate mission or creed we describe values, vision, goals and objectives cherished by the organization.

 

Values should be an integral part of corporate mission, objectives. They should be expressly mentioned in the mission document. Value- orientation must be a program-based activity. It is a long-term activity with the constant follow-up and motivation through management support.

 

The members of the management team and the union leaders of workers must be regularly exposed to spiritualization, satsang of spiritual leaders, seminars and workshops, meditation, introspection, common prayers, etc. the organization should inculcate the spirit of giving rather than taking in the work life. The individuals are encouraged to subdue their ego, overcome to some extent selfishness, anger, jealousy, greediness, hatred, partiality and such other undivine elements.

 

The employees must strive internal developments rather than only specialize in skills and proficiency. They should sharpen their mind and intellect. Purer heart and mind would influence and sustain enduring values as a basis for improved effectiveness in the organization.

Let us note that success of Japan is based on values familiar to Indians, using spiritual education and practices, example concentration, meditation, lectures of spiritual leaders, mind stilling, intuition, etc., to neutralize the evil effects of reckless industrialization and to synthesize the human values into management and organization. Japan has combined spiritualism and materialism and adopted value driven holistic approach in management and organization.  Let the global management adopt this.

 


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