Value system & ethics

1. Value System & Ethics ….

2. Concept of Values Values & Ethics Values & Attitudes Types of Values Determinants of Values Importance of Values in OB Chapter Outline.

3. 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. Concept of Values

4. 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 Values & Ethics.

5. Values Attitudes It represent judgement of what is right. It represent predispositions to respond They represent single belief that guides actions and judgement across objects and situations. An attitude represents several beliefs relating to a specific object or situation. Values are derived from social and cultural mores. Attitudes are derived from personal experiences. Values & Attitudes Both are learned or acquired from the same sources, experience. Both affect behaviour of people. Both are difficult to change.

6. 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. Types of Values. Terminal Values Instrumental Values

7. Terminal Values Instrumental Values World Peace Happiness Equality Beauty in nature Friendship Freedom Pleasure Wisdom Social Respect Family Security Honest Helpfulness Self-Control Obedience Open Mindedness Politeness Affection & Love Courage Responsibility Intelligence

8. D eterminants of Values Family Factors Social Factors Cultural Factors Personal Factors

9. 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) D eterminants of Values

10. 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. Importance of Values In OB

11. THE END

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