Types & Fomation of Values

Lecture outline
Types of values
Sources contributing to formation of values
Values, attitude and ethical behavior
Values for managers
Significance of values for managers
BBA 205 BECSR 6/15/2018 1

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Factors influence the formation of values are given below:
 Family Factors
 Social Factors
 Cultural Factors
 Personal Factors
 Organizational Factors
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 Values lay the foundation of understanding the attitudes
 A system of shared values of members help in

developing the organizational culture
 Values which are ethical and in the interest of society

enhance the image of the organization.
 Value system influences choice of organizational goals

and strategies adopted to achieve these goals
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 Individuals judge organizational success as well as its
achievements on the basis of their value system
 Individuals set limits for the determination of ethical

behavior for themselves as well as for others.
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Value Attitude Ethical Behavior
Wisdom and Knowledge Experience promotes wisdom that information is needed to resolve
helps to change information in to the problems ethically. And to do what is
knowledge. right.
Self-Control Self-control means effectively Putting personal motivations away

managing reactions to challenging the and acting with impartiality by doing
tough situations and temptations. what is right.
Justice Acting justly and fairly is a long-term Establishing just and mutually agreed
driver of ethical behavior. upon criteria and administering them
fairly to all people.
Transcendence The belief in a power and source Putting institutional and/or

outside oneself reduces self-serving stakeholder interests above self-
actions and increases humility. interests. Identifying a personal
purpose that is associated with
organizational mission.
Love and Kindness Treating people with kindness helps Recognizing and encouraging others
increase the reservoir of positive for their contributions.
affection and love.
Courage and Integrity Ethics involve courage to do the right Making unpopular decisions based on
things consistently without view to fair consideration of the facts.
personal consequences.
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 Business values consists of the principles which define
what constitutes good business what objectives should
be pursued and whose interest the business should
serve.
 Every organization has certain core values which

represent the deeply ingrained principles that guides its
actions and practices they serve as its cultural
cornerstone.
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 Individual Values
 Group Values
 Organizational Values
 Environmental Values
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 A problem solver
 Ambitious
 Transparent
 Empathetic
 Adaptable
 Accountable
 Focused
 Integrating
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 Standards of Behavior
 Guide to decision and action
 End means relationship
 Credibility among employees
 Credibility among shareholders
 Social Responsibility
 Corporate values
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 Values give direction and consistency to behavior.
 Values help you know what to and not to
make time for.
 Values establish a relationship between you and
the world.
 Values set the direction for one’s life.
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• Ages 1-7 --- parents
• Ages 8-13 --- teachers, heroes (sports, TV)
• Ages 14-20 --- peers (values because of peers
or peers because of values?)
• Ages 21+ your values are established, but you
may test your values from time to time.
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“If you stand for nothing.
You fall for anything.”
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“It’s not doing things
right,
but doing the right
things. “
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 https://www.youtube.com/watch?v=1jn2_nZr
ivQ
 https://www.youtube.com/watch?v=-
jlblklQEUk
 https://www.youtube.com/watch?v=nAXr20t
UAyQ
BBA 205 BECSR 6/15/2018 17

Types & Fomation of Values

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Lecture outline

BBA 205 BECSR 6/15/2018 1

BBA 205 BECSR 6/15/2018 5

 A system of shared values of members help in

 Values which are ethical and in the interest of society

 Value system influences choice of organizational goals

BBA 205 BECSR 6/15/2018 6

 Individuals set limits for the determination of ethical

BBA 205 BECSR 6/15/2018 7

Self-Control Self-control means effectively Putting personal motivations away

Transcendence The belief in a power and source Putting institutional and/or

BBA 205 BECSR 6/15/2018 8

 Every organization has certain core values which

BBA 205 BECSR 6/15/2018 9

BBA 205 BECSR 6/15/2018 10

BBA 205 BECSR 6/15/2018 11

BBA 205 BECSR 6/15/2018 12

BBA 205 BECSR 6/15/2018 13

BBA 205 BECSR 6/15/2018 14

You fall for anything.”

BBA 205 BECSR 6/15/2018 15

BBA 205 BECSR 6/15/2018 16

BBA 205 BECSR 6/15/2018 17

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