Abstract:
The aim of this research was to explore the role of personal values and
their relationship to the management behaviour and performance
outcomes of multiple small, UK licensed on-trade, businesses. Few studies
of this nature exist that explore personal values and relate them to
management behaviour in this way, in this specific context.
Project I develops its contribution through the identification of seven core
personal values, the inconsistency of language and meaning around these
values and highlights five owner/manager types based upon the ways in
which values are interpreted and operationalised. A series of typologies
and role ordered matrix is developed to assist practical application. Project
II identifies two ‘most valuable’ categories and deepens the understanding
of their intrinsic motivators and the values they deploy. Personal values
combined with risk, momentum and tangible outputs are found to
underpin entrepreneurial and enterprising behaviours to varying degrees.
Both projects used semi-structured interviews (n = 33) and textual
analysis to arrive at their findings.
Having identified five owner/manager groups project III establishes new
approaches to working with entrepreneurial and enterprising people and
builds a new relationship model and potential to strengthen the
psychological contract. Support and momentum for change are developed
using an Action Research method, specifically, Appreciative Inquiry (AI).
The research has engaged participants in ways not previously undertaken
through making extensive use of their preferred communication method.
The work supports the notion of instrumental and end-state values in
human behaviour and relates these to management behaviours in the
small/medium sized business setting. The work challenges the idea of
value congruence between organisations’ and the individual at anything
more than a superficial level and proposes individual meaning and
interpretation as critical dimensions in values communication. The work
also contests popular and academic definitions of the entrepreneur as a
fiercely independent individual who is unlikely to work well and cooperate
with others.
The study adopts a critical realist perspective using appropriate and
differing methods of research within its overall scope. The marriage of
semi-structured interviews with individuals followed by the bringing
together of owner/manager groups in an appreciative inquiry environment
proved to be a valuable in terms of sharing findings, creating a positive
framework for discussion and achieving commitment to change. The
research has developed an intervention for bigger businesses that have
arms length relationships with multiple small/medium businesses and
provides indications as to how the psychological contract within such
relationships might be further strengthened.