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Value-Based Management As The Innovating Paradigm Of Contemporary Governance – A Theoretical Approach

Author

Listed:
  • Camelia Mihaela Oane (Marinescu)

    (Bucharest Academy of Economic Studies, Romania)

  • Klaudia Smol¹g

    (Czestochowa University of Technology, The Management Faculty)

  • Emanuel Stefan Marinescu

    (Danubius University Galati, Romania)

  • Romuald Szopa

    (The Jerzy Kukuczka Academy of Physical Education in Katowice, The Management Faculty)

Abstract

The magnitude and the dynamism of economic, political and social phenomena and the spectacular challenges of the 21st century have led to new approaches of the corporate performance management and to the development of new paradigms. Valuebased management (VBM) has emerged as a viable alternative to the various management systems focused on increasing performance which have not recorded the aimed results subsequent to shortcomings of conceptualization, evaluation mechanisms or the concrete possibility of implementation. This article aims to present a theoretical approach of VBM as the complex management philosophy able to offer a holistic solution for achieving performance.

Suggested Citation

  • Camelia Mihaela Oane (Marinescu) & Klaudia Smol¹g & Emanuel Stefan Marinescu & Romuald Szopa, 2015. "Value-Based Management As The Innovating Paradigm Of Contemporary Governance – A Theoretical Approach," Polish Journal of Management Studies, Czestochowa Technical University, Department of Management, vol. 12(1), pages 106-120, DEcember.
    • Handle: RePEc:pcz:journl:v:12:y:2015:i:1:p:106-120
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    References listed on IDEAS

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    Keywords

    VBM; performance; value creation;
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