Economics of Values, Ideals and Organizations

Values-based organizations are institutions, communities, and non-governmental organizations (NGOs) that are inspired by a mission or vocation. This book provides a short introduction to the economics of values-based organizations, exploring the motivations of their members, how they retain their most motivated people, and the decisions made by those in charge. It also discusses the narrative dimensions of values-based organizations, narrative capital, and the gaps between people, their ideals, and the organizations.

Format: Hardback
Length: 102 pages
Publication date: 19 March 2021
Publisher: Taylor & Francis Ltd

Values-based organizations are institutions, communities, and non-governmental organizations (NGOs) driven by a mission or vocation, placing their ideals at the forefront of their priorities. Economics, however, lacks a framework to incorporate these values into its analysis. This book offers a concise introduction to the economics of values-based organizations.

The book begins by examining phenomena common to all organizations, such as managing vulnerabilities in relationships and the role of incentives, particularly in fostering loyalty. It then delves into the motivations of values-based organization members, strategies for retaining their most motivated individuals, the consequences when the organization's ideals are perceived to decline, and the decisions made by leaders who prioritize efficiency, often at the expense of values and identities.

The second part of the book explores the narrative dimensions of values-based organizations. Narrative capital, a valuable resource in these organizations, particularly during periods of crisis and change, is discussed. However, issues can arise when subsequent generations continue to rely on the original narrative without sufficient innovation. The book also addresses the gaps between individuals' ideals, the organizations they belong to, and how these disparities can be managed.

Written for academics, students, and individuals interested in the role of values and ideals in organizations, this book appeals to economists, sociologists, business scholars, theologians, and philosophers. It provides valuable insights into the economic aspects of values-based organizations and their impact on individuals, communities, and society as a whole.

Weight: 260g
Dimension: 143 x 222 x 13 (mm)
ISBN-13: 9780367762612