Concept of Values Values & Ethics Values & Attitudes Types of Values Determinants of Values Importance of Values in OB
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.
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
Ethics Virtues and Rights Standards and Policies Morals and ValuesCulture, Religion, Tradition
1. Both are learned or acquired from the same sources, experience.2. Both affect behaviour of people.3. Both are difficult to change. Values Attitudes It represent judgement of what is right. It represent predispositions to respond They represent single belief that guides An attitude represents several beliefs actions and judgement across objects relating to a specific object or situation. and situations. Values are derived from social and Attitudes are derived from personal cultural mores. experiences.
Terminal Values Instrumental Values Terminal Values The desirable end-states of existence; the goals an individual would like to achieve during his/her life time. Instrumental Values The way to achieving goals. The preferable modes of behaviour or means of achieving one’s terminal 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)
Values lay the foundation of understanding Attitudes (what ought & what ought not to be) Perceptions (Right & Wrong) Motives which 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.