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State the approaches of value management recommended by The Institute of Management

      

State the approaches of value management recommended by The Institute of Management

  

Answers


Faith
-Make the link between corporate strategy and the ethical values and vision of the
organisation Ensure you have top team commitment and that managers are prepared to ‘walk the
talk’ Make sure there is clarity throughout the company about what the values really mean

-Incorporate the values into a performance appraisal system Develop open channels of communication, so employees can give and receive confidential advice and information

-Measure and report on business performance in relation to the values of the organisation
Update and review the values regularly, through an inclusive process of dialogue with
all employees; values must be shared if they are to be effective.
Titany answered the question on November 9, 2021 at 06:31


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