Naslov
Impact of Balanced Organizational Values on Organizational Effectiveness: Evidence from Business Practice

Autori
Malbašić, Ivan

Vrsta, podvrsta i kategorija rada
Sažeci sa skupova, sažetak, znanstveni

Izvornik
4th Dubrovnik International Economic Meeting (DIEM 2019) - Global Trends and Challenges in the Era of the Fourth Industrial Revolution (The Industry 4.0): Book of Abstracts / Vrdoljak Raguž, Ivona ; Krželj-Čolović, Zorica ; Milić-Beran, Ivona - Dubrovnik : Sveučilište u Dubrovniku, 2019, 104-104

Skup
4th Dubrovnik International Economic Meeting: Global Trends and Challenges in the Era of the Fourth Industrial Revolution: The Industry 4.0 (DIEM 2019)

Mjesto i datum
Dubrovnik, Hrvatska, 27.09.2019. - 28.09.2019

Vrsta sudjelovanja
Predavanje

Vrsta recenzije
Međunarodna recenzija

Ključne riječi
organizational values ; balanced values ; organizational effectiveness

Sažetak
Organizational values are a part of the core ideology of any organization ; therefore, managing organizational values is one of the preconditions for achieving business success. However, the question arises of how to manage organizational values to increase overall business success. The main research question asked in this paper is whether organizations with balanced values, i.e., those with an equal representation of values from different categories with a common focus, are more effective than those with imbalanced values. To test the research question, a study of 24 Croatian companies was conducted. The level of balanced values was measured with the Mission-based model of organizational values, distinguishing between four basic value categories-business values, relational values, development values, and contribution values. In addition to researching the impact of balanced organizational values on the overall level of organizational effectiveness, the impact of that balance was also investigated for the five different perspectives of organizational effectiveness based on the Balanced Scorecard approach. The findings indicate that organizations with balanced organizational values are, in general, more effective than organizations with imbalanced values. This paper therefore contributes to a better understanding of the role of organizational values in modern business and particularly to an understanding of the importance and role of balanced organizational values.

Izvorni jezik
Engleski

Znanstvena područja
Ekonomija

POVEZANOST RADA