This document discusses the importance of values in management and organizations. It defines values as important beliefs that guide behavior and attitudes. Values influence culture and provide guidelines. There are different types of values like terminal and instrumental. Values are important for organizations as they bind people together, provide a common language, and guide behavior to achieve goals. Aligning personal and organizational values improves decision making and commitment. The document recommends organizations assess employee and organizational values to ensure alignment. When values are congruent, it provides a strong framework for consistency and relationships, allowing the organization to grow.
2. Values are important and lasting beliefs or
ideals shared by the members of
a culture about what is good or bad and
desirable or undesirable.
Values have major influence on
a person's behavior and attitude and serve as
broad guidelines in all situations.
3. • Values are different
form Attitudes.
o Values are general
beliefs about life.
o Whereas attitude are
directed towards
specific
objects, events, or
people.
4. Types of values
Terminal Value
Terminal Values include things like happiness, self
respect, family security, recognition, freedom, inner
harmony, comfortable life, professional excellence, etc.
Instrumental Value
These include honesty, sincerity, ambition,
independence, obedience, imaginativeness,
courageousness, competitiveness, and also some negative
traits too.
5. OTHER CATEGORY OF VALUES
Theoretical: Values the discovery of truth and
emphasises critical and rational approach to
problem.
Economic: Values utility and practicality and
emphasises standard of living.
Aesthetic: Values form grace and harmony and
emphasises the artistic aspects of life.
Social: Values love of people and altruism and
emphasises competition and winning.
6. IMPORTANCE OF VALUES IN AN
ORGANIZATION
Contribute to the shared meaning in the organization.
Binds people together as a community.
Provides people with a common language.
Tell people how to behave to achieve the organization’s
vision.
Contribute to organization’s vitality and performance.
7. CONTINUED..
Organizational values are unique to each company.
Values should represent the culture of the
business. It’s okay to be competitive and profit
driven.
As you’re starting to plan for next year, think about
your organizational values and whether they’re
representative of your organization.
8. IMPORTANCE OF VALUES IN
VARIOUS FIELDS
Recruiting -
Training –
Performance -
9. THE BENEFITS OF VALUES IN
MANAGEMENT
Provides good basis to management for better business
decisions.
Improves provided services to partners/customers real
needs.
Facilitate innovation to support organization
competitiveness .
Strong awareness of value culture, with good
understanding of business's goals;
Good knowledge of business/ organization KPIs .
Enhance communication and the efficiency of teamwork.
Commitment from partners/customers and stakeholders.
10. TWO STEP PROCESS
Every individual and every organization on this planet is involved in
making decisions on a daily basis.
The first step in creating values alignment is to find out what the
values of employees are.
The second step is to find out how employees perceive the values of
their organization.
The decisions we make are a reflection of our personal and
organizational values.
When the values of an individual are the same as the values of their
organization, then there is a values alignment &Vice versa.
11. CONCLUSION
Values are the ideals of an individual personal importance.
However, to be successful in an organization, managers need to
learn adopted values, a set of values that are part of the
organisation’s culture.
When personal values (intended) and organizational values
(adopted) are congruent, these become highly pragmatic
operative values.
Thus, they provide a frame of references for consistency in
making decision and relationship with others. Organization
grows and prospers when operative values are strong.