Abstract
This section describes practical experience, with how value-based management can be an effective lever, when working with the company’s legitimacy. First, the key concepts are defined: values, value-based management, and business legitimacy. Next, an important tool – the scorecard – is shown. The decisive matter about the scoreboard is that it must be used in a certain way to get effect. Therefore, ten brief instructions on how the tool should be used follow. It is absolutely crucial that the instructions are followed. Finally, a brief summary of a research case is given. The case is from a company that has secure legitimacy through value-based management and has done it extraordinarily well. The reference list contains a link for downloading the case.
| Original language | English |
|---|---|
| Title of host publication | Handbook of Business Legitimacy : Responsibility, Ethics and Society |
| Editors | Jacob Dahl Rendtorff |
| Number of pages | 13 |
| Place of Publication | Cham |
| Publisher | Springer |
| Publication date | 2020 |
| Pages | 1247-1259 |
| Chapter | 66 |
| ISBN (Print) | 9783030146214 |
| ISBN (Electronic) | 9783319688459, 9783030146221 |
| DOIs | |
| Publication status | Published - 2020 |
Bibliographical note
Published online: 26 February 2019.Keywords
- Individual responsibility
- Brotherhood of honor
- Mutual trust
- Self-regulation
- Win-win situations
- Coordination of conduct
- Internal consistency
- Value dialogues
- Inner motivation
- Active involvement