A detailed presentation on value in management.

1. VALUE IN
MANAGMENT
By -
Kriti Sachita

2. What is value?
• Values are important and lasting
beliefs or ideals shared by the
members of a culture about what
is good or bad and desirable or
undesirable.
• Values have major influence on a
person's behavior and attitude and
serve as broad guidelines in all
situations.

3. Types of
Values
1. Terminal Values.
2. Instrumental Values.

4. Value In Management
• Value in Management is an underlining
concept applied within existing
management systems and approaches
based on value and function-orientated
thinking, behaviors and methods,
particularly dedicated to motivating
people, developing skills, promoting
synergies and innovation, with the aim of
maximizing the overall performance of an
organization.

5. The three
elements of
Value Based
Management:
• Creating Value.
• Managing for Value.
• Measuring Value.

6. Value in management go through the
three-stage process:
Developing
a value
hierarchy.
Develop
the value
tree.
Develop a
decision
matrix.

7. Role of Value in
Management
Development of Employees
Motivation
Underlie Managerial Behavior
Bring creativity
Determine behavior
Helps in bringing change

8. Importance of Values in Management
• Contribute to the shared meaning in the
organization.
• Binds people together as a community.
• Provides people with a common language.
• Tell people how to behave to achieve the
organization's vision.
• Contribute to organization's vitality and
performance.
• Organizational values are unique to each company.
• Values should represent the culture of the business.
It's okay to be competitive and profit driven.

9. Advantages of Value
in Management
• Clear focus
• Effective design
• Discovery and discussion
• Remove redundancy
• Identification of method

10. Disadvantages of Value
Management
• Easily misunderstood.
• Ambiguity may arise.
• Difficult to convince.
• Incorrect assumptions can be made.
• Inadequate allocation of time.

11. THE BENEFITS OF VALUES
MANAGEMENT
• Provides good basis to management for better business
decisions.
• Improves provided services to partners/customers real needs.
• Facilitate innovation to support organization competitiveness.
• Good knowledge of business/ organization KPIs.
• Enhance communication and the efficiency of teamwork.
• Commitment from partners/customers and stakeholders.

12. RELEVANCE OF
VALUES IN
MANAGERS
Young managers
should understand
and be aware of the
reasons that underline
moral principles.
Knowledge of
business ethics will
help managers in
resolving ethical
issues/dilemmas as
they arise.
Knowledge of values
will help managers in
setting highly
responsible tone for
the organization - in
individual judgments
and decisions whether
ethical or not.
The study of business
ethics provides
conscientious
managers with
morally responsible
approach to business.

13. It helps manager to realize their social responsibility. Many organizations find it wise to go beyond
their primary mission and take into the needs of the community.
Business ethics create awareness of social and moral values through education because erosion of
essential values and increasing cynicism in society as leading to violence, superstition and fatalism.
Knowledge and awareness of the concept and practices of business ethics is equally helpful to
practicing managers in managerial conduct and decision making.
Business ethics improve the skills of reflective managers both in analyzing concrete moral issues and
in deliberating and deciding upon strategies for solving moral dilemmas.

14. RELEVANCE
• Values give direction and consistency to
behavior.
• Values help you know what to and not to
make time for.
• Values establish a relationship between you
and theworld.
• Values set the direction for one's life.

15. Conclusion
• Values are the ideals of an individual personal
importance.
• However, to be successful in an organization, managers
need to learn, adopt values, a set of values that are
part of the organisation's culture.
• When personal values (intended) and organizational
values(adopted) are congruent, these become highly
pragmatic cooperative values.
• Thus, they provide a frame of references for
consistency in making decision and relationship with
others.