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Abstract:
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Learning organizations’ enable companies to remove hierarchical levels and to
introduce a flatter organizational structure, which can lead to reduced costs and increased
productivity. A recent Danish study has proved coherence between a flat, integrative
organizational structure and an increased productivity. This enables a kind of
management in which the managerial form is not as direct as it is in more traditional
structured companies. Value-based management is advanced as a possible answer to the
question of which managerial form that is appropriate for these kind of companies.
In the article, value-based management is described as well as the underlying factors that
are affected by such a managerial form. Required managerial elements in relation to
value-based management are advanced. Examples from Hewlett-Packard are used to
illustrate both the use of value-based management in practice and the underlying factors. |
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