Purpose: The purpose of the present article was to refine the definition of management by values for production organizations in high-tech and automotive industries, based on a systematic literature review. Design/methodology/approach: An inductive approach in grounded theory was used. The study had two main stages. In the first stage, the PRISMA protocol was used to conduct a systematic review of the literature on the subject. In the second, critical content analysis was used to develop own definition, taking into account the specificity of production organizations in high-tech and automotive industries (Managing by Values, MBV). Findings: The authors’ definition of MBV for production organizations in high-tech and automotive industries was formulated. The research methods used in MBV research in various industries were reviewed and the directions of future research were presented. It was determined that there had been no previous research in the area of MBV for production organizations in high-tech and automotive industries. The analysis of abstracts allowed to determine that using keywords such as “management by values” and “managing by value” one obtains publications in which the concept of MBV does not appear and the values themselves are understood as creating the value of a product or company or creating value for the customer. Originality/value: The content concerning the concept of MBV was structured, the authors’ definition of MBV was developed and a scientific problem was identified.
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