The Economics of Values-Based Organisations: An Introduction [Hardcover]

This book looks at the governance of values-based organizations (VBOs), which are organizations with a mission and identity based on ideals. Examples of 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, which its survival is linked to in the medium and long terms.

The focus of this book is the study of the relational and motivational dynamics during identity crisis, using critical mass models and Hirschmans exit and voice framework.

This book analyses the dynamics that arise in VBOs when the quality of the ideal deteriorates. On the basis of Hirschmans exit and voice model, it analyses the factors that lead the best members  the intrinsically motivated ones who care most about the mission and ideals of the organization  to leave if their voice is ignored. We show that the possible cumulative effects caused by the exit of intrinsically motivated members can lead the organization to a process of deterioration.

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. By combining sociological politics and economics as a theoretical tool, we create a fresh approach to explore crises in organizations.

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

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 nl“