All the while someone is comfortable in their political allegiance (which in nearly every case in the USA, means an allegiance to the Republican or Democratic party), then, their political paradigm (values, favored policies) is very hard to break, so getting the person to adopt an entirely new one (as libertarians must do if they are to succeed) is next to impossible.
Thereby, the paradigm of value-based management implies that also long-term effects are considered in the valuation.
In accordance with the paradigm of value-based management, the consideration of costs, benefits and risks when deciding on an investment is necessary, plausible, and an accepted standard.
This model focuses on a three-dimensional paradigm including values, skills and knowledge that permeate teacher education program and curricula (Tan et al. 2012).
Yet, in business context this is especially challenging as the economic dimension is of particular importance in conformity with the paradigm of value-based management.
Considering the paradigm of value-based management in business context, economic effects of the transformation towards sustainability have to be regarded.
It is thus the question how sustainability actions should be implemented in accordance with the paradigm of value-based management, i.e., considering economic effects.
Our approach thereby represents a first step to align decisions regarding the transformation towards sustainability with the paradigm of value-based management, taking into account the ambiguous role of the economic dimension in business context.
Furthermore, we propose a decision model to determine how sustainability actions should be implemented in accordance with the paradigm of value-based management, i.e., considering their economic effects.
On the one hand, it is one of the three sustainability dimensions, but at the same time in conformity with the paradigm of value-based management emerges as an additional organizational incentive when engaging in sustainability transformation.
