Values, Values-based Management, and Business Legitimacy

Peter Beyer

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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 languageEnglish
Title of host publicationHandbook of Business Legitimacy : Responsibility, Ethics and Society
EditorsJacob Dahl Rendtorff
Number of pages13
Place of PublicationCham
Publication date2020
ISBN (Print)9783030146214
ISBN (Electronic)9783319688459, 9783030146221
Publication statusPublished - 2020

Bibliographical note

Published online: 26 February 2019.


  • Individual responsibility
  • Brotherhood of honor
  • Mutual trust
  • Self-regulation
  • Win-win situations
  • Coordination of conduct
  • Internal consistency
  • Value dialogues
  • Inner motivation
  • Active involvement

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