IDENTIFYNG VALUE –BASED ORGANIZATIONS

Abstract

Owing to the day-by-day development of technology, global communication, and information networks, the dynamicity of investment and work forces has increased and the organizations such as join stock companies have no choice but to a new organizing era. Value-based organizations are one of the newest forms of today's organizations in which customers are as affecting the production and providing services, working and process strategies, and developing knowledge and competitive power, alongside with the members. "The organizations are always looking for the new methods and creating innovation, and they even name the value of the customer as their 'future source of competitive advantage'" (Kandampully & Khahn, 2004, p.398). Management based on value and value-based organizations are now affecting today's organizations, and values are regarded to be an undeniable source of competitive advantage. Hence, effectively managing the relationship with the customer, and creating and presenting values are the main mission of such organizations. This paper is attempting to provide a definition for the concept of value, and discuss the nature, their features and aspects, the importance, the advantages, key factors in their success, the phases of creating a value-based organization, expanding the values, the future of such organizations, their challenges, and also the role of the leaders in institutionalizing the valuesValue, Value-based Organizations, Value-based Management