The Economics of Values-Based Organisations by Luigino Bruni

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The Economics of Values-Based Organisations by Luigino Bruni

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.
Luigino Bruni is a Full Professor at LUMSA University, Rome, Italy. Alessandra Smerilli is an Associate Professor at PFSE-Auxilium University, Rome, Italy.
SKU Unavailable
ISBN 13 9780415723350
ISBN 10 0415723353
Title The Economics of Values-Based Organisations
Author Luigino Bruni
Series Routledge Advances In Social Economics
Condition Unavailable
Binding Type Hardback
Publisher Routledge
Year published 2014-07-28
Number of pages 150
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.