Purpose – The purpose of this paper is to deal with the conceptualization and measurement of the economic value of what we have termed “human capital of the third kind”, i.e. corporate culture. It also seeks to draw upon empirical research from the field of culture management to show how...

Although there has been a great deal of interest in the idea of accounting for human resources and considerable theoretical discussion of the problems of measuring human resource value and cost, there has been virtually no empirical research on the validity of proposed methods and models. This...

‘Human resource accounting’ (HRA) is a term of relatively recent origin: research on HRA only began during the 1960s. Initially, the objective was to improve corporate financial reporting by accounting for ‘human assets’ and, in turn, to increase the representational validity of income...

A recent paper by Flamholtz and Wollman described the conceptualisation, development, and implementa‐tion of the stochastic rewards model for human resource valuation (SRVM) in a human capital intensive firm. An essential prerequisite before such models can actually be implemented in...

Contents; Preface; 1. Corporate Culture: The Invisible Asset; 2. Culture Management Foundations; 3. Culture Management Process and Tools; 4. Managing the Customer Orientation Dimension of Culture; 5. Managing the People Orientation Dimension of Culture; 6. Managing the Performance Standards and...

A framework -- The evolution of family businesses -- Strategic planning -- Organizational structure and roles -- Performance management -- Culture management -- The dark side -- Leadership -- Succession.

Argues that firms succeed or fail in their industries according to the degree to which they are able to change to meet changing market decisions. The authors present a framework for managing the process of organizational transformation, and the tools that are necessary to manage that change