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B3: S3 & S4 (Value (Consider (Where value come from, Stakeholders view…
B3: S3 & S4
Value
Difficult to
Define
Measure
Players
Who
Empoyers
Employees
Empower
Stakeholders
Create a value- orientated workforce
Leaders
Open to
Different
Set of values
Diverse ways of doing things
Institutional entrepenures
Maguire et al., 2004
Important
To
Org's
Create value
Innovate
#
Consistant
Own op's & policies develop
Problem solve
#
Resolve existing issue
Encouraging culture
Nourish creativity
Collaborative working
#
Update
Processes
Products
Services
Turn into
Transformation
Purpose
Of change
Product
⬆️ value
#
New
Process
Worth of something
Depends on
Cultural context
Marx, 1859
Value
Exchange
Use
Contrast
#
Creation
#
Objective
Not
Socially constructive
Success
Based on
Interpretation
Business functions
Different
Criteria
Org's
Employer
Employee
#
Want
⬆️ wages
Job autonomy
Stakeholders
Support
Short-term returns
Types
Invester/ lenders
Suppliers
Gov
Other interest groups
Client/ customer
Wide range
Agendas
Balance
Stakeholder desires
Timescales
#
Long-term
Short-term
Create
Policies
For both
#
#
Value creation
Consider
Where value come from
Stakeholders view on org's values
External values influence
How to spur innovation
What is considered valuable
Cuture
Develop
Challenge
Replace
Existing
Norms
Procedures
Reflect
Individuals
Strengths
#
Open to
New approaches
Employment relations
Between
Employees
Employers
Interaction
#
Power
#
Perspectives
Legal
Regulations
Economic
Negotiations
Grievance handling
Bargaining
Between managers
Group problem solving
Outcome/ situations
Lose-lose
Win-lose
Win-win
Workforce shaped ®luated
Employee
Inclusion
Participation
📖 6️⃣
Employee voice
Dimesion
Procedural
Substantive
Channel
Indirect
Through
Intermediary
Direct
Outcomes
Impacted
Shaped
By
#
Job satisfaction
#
Better relationship climate
#
Employee
Trust
Management
Influence
Job rewards
Innovation
Improvement
Must be
Effective
Unions
#
Hybrid
#
Voice gap
Positive expressions on voice
Improve
Job design
Important
Feel valued
Relationship
Between
Union
Employee
Employer
Nature
Experience
Able to speak up
Ethical