Competing Values Framework Essay Example | Topics and Well Written Essays - 1500 words

Competing Values Framework - Essay Example However, for successful implementation of this strategy, leaders have to do so by keeping the organizational culture in mind as well as understanding that the daily tensions that exist in the within their organization greatly affect their plans (Hartnell & Kinicki, 2011). The competing values framework comprises of these competing positive tensions, divided into four quadrants. For over 5 years of research and testing, results prove that competing values framework is a successful way of fostering good leadership, improving organizational effectiveness and promoting value creation. According to model, the four quadrants comprise of four hotly competing values within every organization which include collaborate, create, compete and control. In an organization’s limited resources including time, finances and labour, these four values really compete with each (Thakor, 2010). How effectively the leaders of the organization allocate for these resources determine their level of succe ss as business leaders. Their ability to respond to the tensions created by these competing values shapes the organization’s culture, practices, products and its efficiency in growing its operations (Rai, 2011). AÂ   Competing Values Framework Questionnaire developed for this purpose measures three important organizational aspects; purposes, people and practices. Purpose measures the future outcomes that a company hopes to achieve in future, practices measures the current organizational practices while people determine the individual leadership approach.... Their ability to respond to the tensions created by these competing values shapes the organization’s culture, practices, products and its efficiency in growing its operations (Rai, 2011). A Â  Competing Values Framework Questionnaire developed for this purpose measures three important organizational aspects; purposes, people and practices. Purpose measures the future outcomes that a company hopes to achieve in future, practices measures the current organizational practices while people determine the individual leadership approach of all members of the organization in their respective capacities (Moore, Kizer, & Jeon, 2011). According to Sharimllah et al (2011),the developers of the model urge business leaders to use the CVF model in measuring their level of effectiveness. Although there are different ways of defining organizational effectiveness as the competitive value model points out, companies ought to align themselves in the right definition of effectiveness. After align ing themselves, companies can thereby find an innovative potential in achieving their desired growth and outcomes. There are two ways of measuring the competing values assessment. One is at the individual level and the other at the team level. Individually, assessment focuses on the personal development and career planning ability while at the team level assessment focuses on the team development and creating a shared vision and shared valued among the group members. The initial step in competitive value framework is completion of the competing value assessment, which takes place either by the entire organizational members or by strategic business units. After