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week 21 Value player (value & Innovation) - Coggle Diagram
week 21 Value player (value & Innovation)
value -worth of something
innovation -linked increasing value
Marx 1859
exchange value
how much it can get as a social object of exchange, e.g. its market worth (Marx, 1859)
use value
positive function it serves
value creation
Organisations & Value
policies that consider short and long-term value creation
please stakeholders
companys Social Value Proposition
coporate social activisim
innovation - ideas
generation
conversion
diffusion
six critical activities (internal, cross-unit, and
external sourcing; idea selection and
development; and spread of the idea)
performed across those phases.
institutional entrepreneurs
activities of actors who have an interest in particular institutional arrangements and who leverage resources to create new institutions or to transform existing ones’ (Maguire et al., 2004, p. 657)
becoming value players
evolution of relationships with employees(Farnham, 2015).
traditional approach
stakeholders interest of org
HRM approach
focus on loyalty managerial authority
partnerships and mutuality between the employer and the union
trust and mutual respect between management and unions
economic perspective
macro- and micro-level analysis between employer & employee.
individual hiring practices & relative power of employers and employees within org
legal perspective
individual and collective legal contracts between employers & employees
regulation perspective
negotiate/overcome tensions between employers & employees
negotiating employment relations
between managers
grievance handling
bargaining
group problem solving
employee voice
unions
more levarge in gap between emp and employers
positive expressions of voice
hybrid voice
direct channels
Employee participation
employees input and influence organisation-wide decision-making
approaches for understanding this issue of relationships
traditional approach
the human resource management (HRM) approach
partnership approach