3. VALUES
⢠A value is what an individual considers important, worthwhile, or meaningful.
Values are self-motivators that indicate what is important in life.
⢠They contain a judgmental element of what is right, good, or desirable.
⢠Values are deeply held beliefs that guide our behaviors and decisions. They reside
deeply within the subconscious and are tightly integrated into the fabric of everyday
living.
4. ⢠Values generally influence attitudes and behavior
⢠They help you to distinguish what is right from what is wrong
⢠Inform you on how you can conduct your life in a meaningful way. Globalization
raises awareness of and sensitivity to differences in values across cultures.
⢠Values represent a powerful potential way to keep employeesâ decisions and actions
aligned with corporate goals. Organizations are under increasing pressure to engage
in ethical practices.
Importance of Values
5. Value system â The set of standards by which an individual lives.(ranked in a
hierarchical order in terms of their intensity)
Value changes over the years are a major part of the generation gap.
Sources of Value System
People: the predominant view has been that they are transmitted from adults to
children.
Life Experiences: values are learnt directly from an individualâs life experiences
involving various influences.
Others: school, society, friends, TV, religion, music, books, culture, employers, national
culture, parental dictates, teachers, friends, and similar environmental influences. etc.
Value System
6. Values
Values can be classified into Two main categories:
Terminal values: Goals that individuals would like to achieve during their lifetime
Instrumental values: Preferable ways of behaving.
These two main can be further broken down into;
Personal Values
Cultural Values
Social Values
Work Values
7. Terminal Values
They are desire states of existence that we think are worth striving for.
Examples?
⢠sense of accomplishment, happiness, pleasure, salvation, and wisdom Happiness
(contentedness)
⢠Inner harmony (freedom from inner conflict)
⢠Mature love (sexual and spiritual intimacy)
⢠Salvation (saved, eternal life)
⢠Self-respect (self-esteem)
⢠Social recognition (respect, admiration)
⢠True friendship
8. Instrumental Values
They are the desirable modes of behavior that help people reach terminal values.
Some instrumental values include being polite, courageous, self controlled, helpful,
hardworking, responsible, polite etc.
9. Personal values are principles that define you as an individual.
Personal values, such as honesty, reliability, and trust, determine how you will face the
world and relate with people.
Personal Values
10. Social Values
Social values are principles that indicate how you relate meaningfully to others in social
situations, including those involving family, friends, and co-workers.
11. Work Values
Work values are principles that guide your behaviour in professional contexts.
They define how you work and how you relate to your co-workers, bosses, and clients.
They also reveal your potential for advancement.
12. Values differ across cultures. This is particularly important as companies develop global
operations and information technology increases the frequency of cross cultural
communication.
Five values account for a large portion of the differences in values across
cultures. They include
⢠Individualism versus collectivism â refers to the degree that people value their
personal versus group goals. In China it is Low but in USA it is very high.
⢠Power distance â extent to which people accept unequal distribution of power in a
society.
Those with high power distance accept and value unequal power, whereas those with
low power distance expect relatively equal power sharing.
Cultural Differences in Values
13. Cultural Differences in Values
⢠Uncertainty avoidance â degree to which people tolerate ambiguity (low uncertainty
avoidance) or feel threatened by ambiguity and uncertainty (high uncertainty
avoidance).
The degree to which people in a country prefer structured over unstructured and vice
versa.
⢠Quantity of life vs. Quality of life
Quantity of life: is the degree to which values like assertiveness, the acquisition of
money and material goods and competition prevail.
Quality of life: emphasize relationships and the well-being of others. Focus on human
interaction and caring rather than competition and personal success.
14. Cultural Differences in Values
⢠Long versus short-term orientation
Long-term orientation: places more emphasis on the future than on the past and
present. Focuses on thrift, savings, and persistence.
Short-term orientation: places more emphasis on the past and present, such as
respect for tradition and fulfilling social obligations.
15. Loyalty:
It refers to a feeling or attitude of devoted attachment and affection. The more loyal
an employee is towards an organization, the higher the level of unethical behavior.
This is because a loyal employee will not like to embarrass his organization in public.
Loyalty and Ethical Behaviour
16. This refers to conduct that organizations expect their employees to hold while at work.
Most organizations have formulated documents referred to as âcode of conductâ, that
set out the accepted behaviour within the workplace
Ethical behavior is affected by:
⢠Personality traits and attitudes
⢠Moral development
⢠The situation
Ethical Behaviour
17. 1.Personality Traits and Attitudes
Personality traits and attitudes that affect ethical behavior
⢠Conscientious
⢠Agreeableness
⢠Self-concept
⢠Emotionally unstable
⢠Open to new experiences
⢠Positive attitudes
18. 2. Moral development
It refers to a personâs level of maturity regarding ethical decision making
Levels of moral development
⢠Preconvention
Self-interest motivates behavior to meet oneâs own needs to gain rewards while
following rules and obedience to authority to avoid punishment.
19. ⢠Conventional
Living up to expectations of acceptable behavior defined by others motivates
behavior to fulfill duties and obligations. Common for followers to copy the
behavior of the leaders and group.
⢠Post conventional
Behavior is motivated by universal principles of right and wrong, regardless of the
expectations of the leader or group. One seeks to balance the concerns for self with
those of others and the common good.
Levels of moral development
20. 3.The Situation
⢠Highly competitive and unsupervised situations increase the odds of
unethical behavior.
⢠Unethical behavior occurs more often when there is no formal ethics
policy and when unethical behavior is not punished.
⢠Unethical behavior is especially prevalent when it is rewarded.
21. Ethical Principles
These are general guidelines to ethical decision making. There are three
ethical principles;
1.Utilitarianism
principle that advises people to seek the greatest good for the greatest
number of people.
Also known as consequential principle â focuses on the consequences of
our actions, not on how people achieve those consequences.
23. 2.Individual rights
Belief that everyone has entitlements that let them act in a certain way.
Widely cited rights are freedom of movement, physical security, freedom of speech,
fair trial, and freedom from torture.
Potential problem: individual rights may conflict with others
3.Distributive justice
This is based on the concept of inequality. It suggests that inequality is acceptable if:
Everyone has equal access to the more favoured positions in society, AND
The inequalities are ultimately in the best interest of the least well off in society.
Ethical Principles
24. Evaluative statements or judgments concerning objects, people, or events.
Positive or negative feelings concerning objects, people, or events.
Attitude is also defined as a learned predisposition to respond in a consistently
favorable or unfavorable manner with respect to a given object
Attitude
25. Three components of an attitude
⢠Affective: feelings or emotions about an object
⢠Behavioral: how one intends to act toward someone or something
⢠Cognitive: beliefs or ideas one has about an object
Components of Attitude
26.
27. 1.Job Involvement
It measures the degree to which a person identifies psychologically with his or her job
and considers his or her perceived performance level important to self-worth.
2.Organizational Commitment
a state in which an employee identifies with a particular organization and its goals, and
wishes to maintain membership in the organization.
(Meyer and Allen: We have three types of commitment- Normative, Continuance and
Affective)
Types of Attitudes in an Organisation
30. It refers to an individualâs general attitude toward his or her job. it describes how
content an individual is with his or her job
What Determines Job Satisfaction?
⢠Mentally Challenging Work
⢠Equitable Rewards
⢠Supportive Working Conditions
⢠Supportive Colleagues
⢠Personality - Job Fit
⢠Heredity/Genes
3. Job Satisfaction
32. ⢠Discrepancy Theory
It states that the level of job satisfaction is determined by the gap between
what a person expects to receive and what is actually received.
Job dissatisfaction occurs when the received condition is less than the
expected condition.
Model of Job Satisfaction
33. ⢠Equity Theory
This theory explains how people develop perception of fairness in the
distribution and exchange of resources.
Employees try to compare themselves to a reference point. The reference
point can be another person in the same or similar organization or
employees past situation.
Model of Job Satisfaction
34. Summary and Implications
⢠Values strongly influence a personâs attitudes.
⢠An employeeâs performance and satisfaction are likely to be higher if
his or her values fit well with the organization.
⢠Managers should be interested in their employeesâ attitudes because
attitudes give warning signs of potential problems and because they
influence behaviour.