The Economics of Values-Based Organisations: An Introduction

ISBN-13: 9780415723350 / Angielski / Twarda / 2014 / 150 str.

Luigino Bruni; Alessandra Smerilli

Opis

This book looks at the governance of values-based organizations (VBOs), which are organizations with an ideal mission and identity. Examples of these VBOs include non-profit organizations, charities, NGOs, environmental, educational or cultural organizations, and social enterprises. The main objective of any VBO is to evolve and grow without losing its identity, to which its survival is linked in the middle and long run. The focus of the book is the study of the relational and motivational dynamics during identity crisis, using critical mass models and Hirschman's exit and voice framework. This book analyses the dynamics that arise in VBOs when ideal quality deteriorates. On the basis of Hirschman's exit and voice model, it analyses the mechanism that encourages the best subjects, the ones intrinsically motivated who care most about the mission and ideal quality of the organization, to leave the organization if their voice is ignored. By combining Hirschman's and a critical mass model, it is shown that the possible cumulative effects caused by the exit of the intrinsically motivated members, which can bring the organization into a deterioration process. This book offers an analysis of these phenomena, which are usually studied in sociology or political science, by using an economic approach and the language of evolutionary game theory. To combine sociological politics and economics theoretical tool in order to explore crisis in organizations can be considered the main original contribution of this book.

Spis treści

Introduction I. Market and human relations II. Care and Market III. The art of gratuity IV. When vocation matters V. Facing crises VI. All equal, all different VII. The nature of voice VIII. Semantics of the relationships within a VBO: organizations as networks IX. Conclusion: Vulnerability as a paradigm of the human

O autorze

Luigino Bruni is a Full Professor at LUMSA University, Rome, Italy.

Alessandra Smerilli is an Associate Professor at PFSE-Auxilium University, Rome, Italy.