Primary Business Value System and Disclosures Paradigm Shift: A Literature Review
Abstract:
The study sought
to contribute to the general body of knowledge and research work in primary business
value system (PBVS). The research work also aimed to establish the most prominent
types of values from the literature and ascertain how PBVS elements are interconnected, their disclosure
and impact on business performance. The concept of business values as a system is
relatively new. However, this paper’s purpose is to bridge the various pieces of
PBVS knowledge in literature by systematically reviewing a collection of articles
on the subject and drawing valuable conclusions relating to the various paradigms
or schools of thought. The researcher, for this study, identified and critically
reviewed thirty (30) old and recent articles on PBVS that were gathered from highly
recognized and profiled research databases, including Google Scholar, Research Gate
and Elsevier (database), Persistent themes on the prevalent forms of BVS, their
interconnectedness in a business establishment. It became clear that defining PBVS
exists because of the systematic connectedness of the core values. There is enough
evidence from the literature that when implemented well, PBVS yields effective connectedness
of the core values to render a company a unity whole and consequently, make business
sense.
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