y Concept of Values y Values & Ethics y Values & Attitudes y Types of Values y Determinants of Values y Importance of Values in OB

y Values are the basic convictions that give us a sense of

right and wrong, good and bad. y Thus values form the basis of ethical behaviour. y A value system is a set of consistent ethic values and measures used for the purpose of ethical or ideological integrity. y A hierarchy based on a ranking of an individual s values in terms of their intensity forms his/her value system.

y Values are beliefs that affect an individual s y y

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 Values

Culture, 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 It represent judgement of what is right. They represent single belief that guides actions and judgement across objects and situations. Values are derived from social and cultural mores. Attitudes It represent predispositions to respond

An attitude represents several beliefs relating to a specific object or situation.

Attitudes are derived from personal experiences.

Terminal Values
y Terminal Values

Instrumental Values

y The desirable end-states of existence; the goals an

individual would like to achieve during his/her life time. y Instrumental Values y The way to achieving goals. y The preferable modes of behaviour or means of achieving one s terminal values.

Terminal Values
1. World Peace 2. Happiness 3. Equality 4. Beauty in nature 5. Friendship 6. Freedom 7. Pleasure 8. Wisdom 9. Social Respect 10.Family Security

Instrumental Values
1. Honest 2. Helpfulness 3. Self-Control 4. Obedience 5. Open Mindedness 6. Politeness 7. Affection & Love 8. Courage 9. Responsibility 10.Intelligence

Family Factors Social Factors Cultural Factors Personal Factors

40% of one s values is genetically determined.

y Family Factors y Practices adapted by parents to shape the personality of their child. y Social Factors y School play the most important role in developing the value system of an individual. y Cultural factors y It includes everything that is learned & passed on from generation to generation. y Personal factors y Personal attributes (characteristics quality)

y Values lay the foundation of understanding

y Attitudes (what ought & what ought not to be) y Perceptions (Right & Wrong) y Motives

which shape the behaviour of individuals. y A system of shared values of the organizational members help in developing the organizational culture. y Organizational values which are ethical and in the interest of the society enhance the image of the organization.