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International Business – Baltic Business Development- Tallinn 2013

Tallinn 2013

Edited By Gunnar Prause, Urve Venesaar and Wolfgang Kersten

This volume is a collection of the research papers presented at the colloquium Baltic Business Development, which took place in the environment of the 3rd international conference Economies of Central and Eastern Europe (ECEE) in Tallinn in 2012. The colloquium was organised by Tallinn School of Economics and Business Administration of Tallinn University of Technology in cooperation with Hamburg University of Technology and the Baltic-German University Liaison Office in Riga. The colloquium offered a great platform for promoting cooperation and for disseminating knowledge and experience on the development of international business in the Baltic Sea Region in the frame of the Baltic Sea Strategy and the Agenda EU2020.

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Post-recession Values in Estonian Organisations. Eneken Titov, Karin Kuimet and Mari Meel

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93 Post-recession Values in Estonian Organisations Eneken Titov1, Karin Kuimet1 and Mari Meel2 Abstract Researchers have proved that sticking to core values is the key issue in an organisation’s sus- tainability. Equally important is the persistence of core values, but also the ability of the lead- ers to make the employees follow these values. Nevertheless, all organizations have not real- ized the importance of organizational values and their role in ensuring the sustainability of the organization. The paper deals with the investigation of the values characterising post- recession (2009–2010) Estonian organisations and with the analysis whether these values support sustainability of the organisations. The aim of our study was to find out whether the values characterising the Estonian or- ganisations are in accordance with the values predicting the success and sustainability of an organisation. The research method used was qualitative method of data analysis. The paper enables to get information about alternations of organisational values under the conditions of economic crisis. As the main result the profiles of values due to the size and type of Estonian organisations were identified. One of the main results was that in all types of organisations the human-central values which support the organisational sustainability were in the focus. JEL classification codes: L2, M1, D0 Key words: core values; economic crisis; organisational values, Estonia 1. Introduction Nowadays organisations have the experiences from a whole economic cycle, its impacts and dangers (Arrak 2010), as well as how to connect the core values in the economic...

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