Importance of core values and how they faced the crisis

1. The Alignment Of Personal And Organizational
Values Can Positively Influence Performance:
Justify This Using Secondary Source Of Data.
GROUP 11
Gopika C K
Kalidas M S
Sabjan S N
Aparna P Menon
M S Jeevan Das
Arathi R Menon

2. VALUES
 Values are the customs or qualities within a society
 Regarded in a particular way as a guiding principles for the behaviour
and action of individuals and organizations.
 Values are a persons sense of right and wrong or what more to be.
 It has a great influence on the human behaviour and attitudes.

3. ORGANIZATIONAL VALUES
 In every organization there will be a set of values either in written form or by oral form.
 The values help to guide the perspective of the organization along with all the actions
related to the organizations
The core values of an organization are
> Self-Improvement
> Integrity
> Courage
> Honest
> Self- Discipline
Example :Adidas
Performance: Sport is the foundation for all we do and executional excellence is a core value
of our Group

4. Personal Values
 The values that expresses the worth of something and a persons likes and
dislikes
 Personal values are been developed in an individual during three periods of
life
Imprint period- From birth to 7 years
Modelling period- From 8 to years
Socialization period – From 13 to 21 years
Example : Self respect and Loyalty

5. PERSONAL-ORGANIZATION VALUES
 Integrity
 Respect for the Individual
 Diversity
 Clients Come First
 The Strategic Perspective
 Value Delivered
 Partnership
 Expanding the Art of the Possible
 Social Impact

6. VOLKSWAGEN AND ITS CORE VALUES
 INTEGRITY
 Always strive to do the right thing and commitment to the truth, both in actions and in
words.
 SERVANTS’ATTITUDE
 We only exist to serve our internal and external customers
 We will serve our clients with a genuine humility
 ACCOUNTABILITY
 To See it, Own it, Solve it, and Do it. Doing it right the first time is not our goal, but our
standard.
 We will hold ourselves responsible for this attention to detail in all of our duties.
“LESS OF A CAR MORE OF AN ARMOUR”

7.  CONTINUOUS IMPROVEMENT
 Dynamic organization that constantly seeks areas of growth and innovation.
 This growth starts at the personal level and continues into all aspects of our business.
 TEAMWORK
 Teamwork is our individual actions, brought together for a common purpose.
 We put aside our individual needs to work towards and accomplish the larger group
objective.
 We cooperate, using our individual skills, and provide constructive feedback despite any
personal conflict between individuals.
 FUN
 It creates an upbeat environment for our internal and external customers that
helps differentiate us from our competition!
“DRESSED TO PERFECTION”

8. Volkswagen desperately fit a software to 11m diesel cars that
detected emissions tests and artificially reduced the amount of
nitrogen oxide pumped out.

9. COMEBACK FROM EMISSION SCANDAL
 I accept responsibility for the irregularities that have been found in diesel
engines and have therefore requested the Supervisory Board to agree on
terminating my function as CEO of the Volkswagen Group: Martin
Winterkorn
 New CEO joined Mathias Muller made a statement “We will overcome the
crisis
 "Believe me – like you, I am impatient. But in this situation, where we are
dealing with four brands and many model variants, care is even more
important than speed.“
 Recalled the world wide sold cars and updated hardware and software
 The company set aside 6.5 billion euros ($7.3 billion) to cover the
cost of recalls and other efforts to limit the damage.

10.  Volkswagen projected sales revenue for the group to rise 4 per cent in 2017
 It offered conservative estimates for a return on sales between 6 and 7 per cent.
 Analysts have forecast a 6.9 per cent return on sales.
“ITS MORE THAN JUST A CAR
ITS JUST KEEPING OUR PROMISES”
CURRENT SCENARIO

11. CONCLUSION
 Values can be a powerful concept to help individuals in their career decisions
 The individuals experience is likely to be more positive if they can find a good values
match with their employer.
 Organizations that want to be at the forefront of innovation and change will need to
accept that a wider dimension and mix of values may be the recipe for success