Value System & Ethics….

Concept of ValuesValues & EthicsValues & AttitudesTypes of ValuesDeterminants of ValuesImportance of Values in OB

Chapter Outline.

Values are the basic convictions that give us a sense of right and wrong, good and bad.

Thus values form the basis of ethical behaviour.

A value system is a set of consistent ethic values and measures used for the purpose of ethical or ideological integrity.

A hierarchy based on a ranking of an individual’s values in terms of their intensity forms his/her value system.

Concept of Values

Values are beliefs that affect an individual’s judgemental ideas about what is good or bad.

Ethics is the way the values are acted out.Ethical behaviour is acting in ways

consistent with one’s personal values and the commonly held values of the organization and society.

Ethics is a set of moral principles or values which is concerned with the righteousness or wrongness of human behavior and which guides your conduct in relation to others.

Ethics involves learning what is right or wrong, and then doing the right thing

Values & Ethics.

Ethics

Virtues and Rights

Standards and Policies

Morals and Values

Culture, Religion, Tradition

Values Attitudes

It represent judgement of what is right.

It represent predispositions to respond

They represent single belief that guides actions and judgement across objects and situations.

An attitude represents several beliefs relating to a specific object or situation.

Values are derived from social and cultural mores.

Attitudes are derived from personal experiences.

Values & Attitudes1. Both are learned or acquired from the same sources,

experience.2. Both affect behaviour of people.3. Both are difficult to change.

Terminal ValuesThe desirable end-states of existence; the goals

an individual would like to achieve during his/her life time.

Instrumental ValuesThe way to achieving goals.The preferable modes of behaviour or means of

achieving one’s terminal values.

Types of Values.

Terminal Values

Instrumental Values

Terminal Values Instrumental Values

1. World Peace2. Happiness3. Equality4. Beauty in nature5. Friendship6. Freedom7. Pleasure8. Wisdom9. Social Respect10.Family Security

1. Honest2. Helpfulness3. Self-Control4. Obedience 5. Open Mindedness6. Politeness7. Affection & Love8. Courage9. Responsibility10.Intelligence

Determinants of Values

Family Factors

Social Factors

Cultural Factors

Personal Factors

40% of one’s values is genetically determined.

Family Factors Practices adapted by parents to shape the personality of

their child.

Social Factors School play the most important role in developing the value

system of an individual.

Cultural factors It includes everything that is learned & passed on from

generation to generation.

Personal factors Personal attributes (characteristics quality)

Determinants of Values

Values lay the foundation of understandingAttitudes (what ought & what ought not to be)Perceptions (Right & Wrong)Motiveswhich shape the behaviour of individuals.

A system of shared values of the organizational members help in developing the organizational culture.

Organizational values which are ethical and in the interest of the society enhance the image of the organization.

Importance of Values In OB

THE END

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