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- W2112115696 abstract "This chapter illustrates the challenges to management which derive from the normative side of the firm. The focus is on transaction- and organization-specific governance structures through which the moral dimension of economic transactions in and by firms are implemented. It is argued that the realization of moral-economic transactions is based on the management of values in an organization. In this sense values are the basic unit of the normative governance of a firm. After introducing the value square, which states that besides moral values, performance, communication and cooperation values are of interest, the options for the management, the characteristics and the functions of values are examined. The chapter offers a detailed description of the systematic and logic of modern values management systems and examines the structural and procedural organization of integrity, compliance and corporate social responsibility management which forms part of values management systems. The basic requirement of value management systems is that economic value creation and the maintenance of moral values must be related to one another in such a way that they are not contradictory but provide the preconditions for their mutual realization. The chapter closes by covering the question of the universalistic or transcultural character of values which has grown in importance in the course of globalization. In this context it discusses the challenges and requirements of transcultural management and refers to the “Manifesto Global Economic Ethics”." @default.
- W2112115696 created "2016-06-24" @default.
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- W2112115696 date "2014-01-01" @default.
- W2112115696 modified "2023-10-02" @default.
- W2112115696 title "The Local and Global Governance of Values" @default.
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- W2112115696 doi "https://doi.org/10.1007/978-3-319-07923-3_10" @default.
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