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Balanced Organizational Values: From Theory to Practice

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  • Ivan Malbašić
  • Carlos Rey
  • Vojko Potočan

Abstract

Theories of organization and management have offered several concepts and models which indicate that organizational values are an important factor for running organizations successfully. A still unexplained question concerns the creation of balanced organizational values, which can support the achievement of several different and even conflicting goals of modern organizations. To explore balanced organizational values in contemporary business practice, we tested different models of organizational values on a sample of Fortune 100 companies. Research results demonstrate that none of the proportions/ratios of balance proposed by the main models of organizational values from existing literature possesses/presents the ideal balance that is currently pursued in the business field. As a conclusion, a new model of balanced organizational values is proposed. Copyright Springer Science+Business Media Dordrecht 2015

Suggested Citation

  • Ivan Malbašić & Carlos Rey & Vojko Potočan, 2015. "Balanced Organizational Values: From Theory to Practice," Journal of Business Ethics, Springer, vol. 130(2), pages 437-446, August.
    • Handle: RePEc:kap:jbuset:v:130:y:2015:i:2:p:437-446
    DOI: 10.1007/s10551-014-2238-0
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    References listed on IDEAS

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    Cited by:

    1. Rita Klapper & Lindsay Berg & Paul Upham, 2020. "Probing Alignment of Personal and Organisational Values for Sustainability: An Assessment of Barrett’s Organisational Consciousness Model," Sustainability, MDPI, vol. 12(18), pages 1-20, September.
    2. Law, Kris M.Y. & Breznik, Kristijan, 2018. "What do airline mission statements reveal about value and strategy?," Journal of Air Transport Management, Elsevier, vol. 70(C), pages 36-44.
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    5. Li Qu & Cuiyi Liu & Jielin Yin, 2023. "Effects of Person–Environment Fit on Users’ Willingness to Contribute Knowledge in Virtual Brand Communities," Sustainability, MDPI, vol. 15(18), pages 1-17, September.
    6. Peter G. Dominick & Dimitra Iordanoglou & Gregory Prastacos & Richard R. Reilly, 2021. "Espoused Values of the “Fortune 100 Best Companies to Work For”: Essential Themes and Implementation Practices," Journal of Business Ethics, Springer, vol. 173(1), pages 69-88, September.
    7. Ivan Malbasic & Nikolina Posaric, 2017. "A Comparison of the Organizational Values of the World's Largest Companies with the Organizational Values of Large Croatian Companies: A Balanced Approach," MIC 2017: Managing the Global Economy; Proceedings of the Joint International Conference, Monastier di Treviso, Italy, 24–27 May 2017,, University of Primorska Press.
    8. Krzysztof Machaczka & Maciej Stopa, 2022. "Social Values as One of the Crucial Determinants of Efficient Strategic Management of an Energy Sector Company," Energies, MDPI, vol. 15(10), pages 1-19, May.
    9. Godoy, Sarah & Kainz, Kirsten & Brevard, Kanisha & Keyes, Oprah, 2022. "A conceptual model to guide collaborative reflective practice and values-driven child welfare decision-making," Children and Youth Services Review, Elsevier, vol. 143(C).
    10. Mohammad A. Rickaby & Jacqueline Glass & Scott Fernie, 2020. "Conceptualizing the Relationship between Personal Values and Sustainability—A TMO Case Study," Administrative Sciences, MDPI, vol. 10(1), pages 1-22, March.
    11. repec:mje:mjejnl:v:12:y:2017:i:2:p:81-92 is not listed on IDEAS
    12. Ivan Malbasic & Carlos Rey & Nikolina Posaric, 2018. "Congruence Between Personal And Organizational Mission: The Role Of Balanced Organizational Values," Economic Thought and Practice, Department of Economics and Business, University of Dubrovnik, vol. 27(2), pages 545-563, december.
    13. Rick C. Warne, 2021. "Using Utility Theory To Frame Challenges And Solutions To Employee Meaningfulness," Review of Economic and Business Studies, Alexandru Ioan Cuza University, Faculty of Economics and Business Administration, issue 27, pages 77-93, June.
    14. Jolita Vveinhardt & Evelina Gulbovaite, 2017. "Congruence of Personal and Organizational Values: Moving Beyond Practice," Montenegrin Journal of Economics, Economic Laboratory for Transition Research (ELIT), vol. 13(2), pages 81-92.
    15. Ivan Malbasic & Bruno Beluzic & Nikolina Posaric, 2018. "Organizational Values as the Basis for Business Excellence," Management, University of Primorska, Faculty of Management Koper, vol. 13(3), pages 265-279.
    16. Monique L. Bell, 2023. "Thinking Outside of the Firm: Self-Transcendence Values’ Effects on Corporate Reputation," Corporate Reputation Review, Palgrave Macmillan, vol. 26(2), pages 150-165, May.
    17. Maureen Gelle-Jimenez & Hector M. Aguiling, 2021. "Leveraging human resources management (HRM) practices toward congruence of values," International Journal of Research in Business and Social Science (2147-4478), Center for the Strategic Studies in Business and Finance, vol. 10(1), pages 85-94, January.

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