VALUES INMANAGEMENT OF ORGANIZATION By Abhilasha .V Aditya.R.A.& Aijaz Ahmed .N. Sawar
Values are important and lasting beliefs orideals shared by the members ofa culture about what is good or bad anddesirable or undesirable.Values have major influence ona persons behavior and attitude and serve asbroad guidelines in all situations.
• Values are different form Attitudes.o Values are general beliefs about life.o Whereas attitude are directed towards specific objects, events, or people.
Types of values Terminal Value Terminal Values include things like happiness, self respect, family security, recognition, freedom, inner harmony, comfortable life, professional excellence, etc. Instrumental Value These include honesty, sincerity, ambition, independence, obedience, imaginativeness, courageousness, competitiveness, and also some negative traits too.
OTHER CATEGORY OF VALUES Theoretical: Values the discovery of truth and emphasises critical and rational approach to problem. Economic: Values utility and practicality and emphasises standard of living. Aesthetic: Values form grace and harmony and emphasises the artistic aspects of life. Social: Values love of people and altruism and emphasises competition and winning.
IMPORTANCE OF VALUES IN AN ORGANIZATION 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.
CONTINUED.. Organizational values are unique to each company. Values should represent the culture of the business. It’s okay to be competitive and profit driven. As you’re starting to plan for next year, think about your organizational values and whether they’re representative of your organization.
IMPORTANCE OF VALUES IN VARIOUS FIELDS Recruiting - Training – Performance -
THE BENEFITS OF VALUES IN MANAGEMENT Provides good basis to management for better business decisions. Improves provided services to partners/customers real needs. Facilitate innovation to support organization competitiveness . Strong awareness of value culture, with good understanding of businesss goals; Good knowledge of business/ organization KPIs . Enhance communication and the efficiency of teamwork. Commitment from partners/customers and stakeholders.
TWO STEP PROCESSEvery individual and every organization on this planet is involved inmaking decisions on a daily basis.The first step in creating values alignment is to find out what thevalues of employees are.The second step is to find out how employees perceive the values oftheir organization.The decisions we make are a reflection of our personal andorganizational values.When the values of an individual are the same as the values of theirorganization, then there is a values alignment &Vice versa.
CONCLUSIONValues are the ideals of an individual personal importance.However, to be successful in an organization, managers need tolearn adopted values, a set of values that are part of theorganisation’s culture.When personal values (intended) and organizational values(adopted) are congruent, these become highly pragmaticoperative values.Thus, they provide a frame of references for consistency inmaking decision and relationship with others. Organizationgrows and prospers when operative values are strong.