What is Values-Based Management

Management by values (MBV) is a new form of management that creates a collective spirit and provides value-oriented work by combining people in an organization on common grounds. Even though existing research recognizes the importance of MBV in companies, less is known regarding MBV in educational organizations. This study provides an implementation of MBV at Istanbul Technical University (ITU) with an aim to increase the sense of belonging, create common organizational culture, reach targets, and perform higher so that the current engineering education provided is improved. The current situation of management at ITU was analyzed and an application method was developed, which was later implemented at Faculty of Management at ITU. Primary data used were collected from students, academicians, and managers of ITU via online surveys and face-to-face interviews. The results indicate that MBV, which has various benefits, should be used in educational organizations to build a more qualified educational environment, to raise more qualified students, and to have more satisfied members.