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Personal Values & Biz. Decission

Personal values can range from beliefs in hard work and punctuality to more psychological values like self-reliance and concern for others. Values are deeply held beliefs that influence perceptions and can potentially cause conflicts or cooperation. They are important for businesses as values lay the foundation for understanding attitudes and motivations. Knowledge of values can help business owners make ethical decisions and set responsible tones for their organizations. Values sometimes come into play when personal beliefs contradict business decisions, so owners must determine the most logical choice that positively impacts both the business and society.

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30 views9 pages

Personal Values & Biz. Decission

Personal values can range from beliefs in hard work and punctuality to more psychological values like self-reliance and concern for others. Values are deeply held beliefs that influence perceptions and can potentially cause conflicts or cooperation. They are important for businesses as values lay the foundation for understanding attitudes and motivations. Knowledge of values can help business owners make ethical decisions and set responsible tones for their organizations. Values sometimes come into play when personal beliefs contradict business decisions, so owners must determine the most logical choice that positively impacts both the business and society.

Uploaded by

ashishpilania
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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Personal Values &

Business Decisions
What are Values ?
o It is a belief, a mission, or a philosophy that is meaningful.

o Every individual has a core set of personal values.

o Values can range from the commonplace, such as the belief in


hard work and punctuality, to the more psychological, such as
self-reliance, concern for others, and harmony of purpose. 

o Values are potent sources of conflict as well as of cooperation.

o Values are the deepest beliefs and sentiments we subscribe to.


Types of Values

Psychological Organization Physical


Values al Values Values

Continuous Improvement
Coordination Accuracy

Harmony Accountability Orderliness


Standardization Reliability
Innovation
Integration Safety
Integrity
Discipline Responsiveness

Develop People Cooperation Regularity


Need for Value
• Values lay the foundation for the understanding of attitudes and
motivation because they influence our perceptions.

• Individuals enter organizations with notions of what is right and


wrong with which they interpret behaviors or outcomes—at
times this can cloud objectivity and rationality.

• Values generally influence attitudes and behavior.


Relevance of Values in SME’s
• Knowledge of business ethics will help owners in resolving
ethical issues/dilemmas as they arise.

• Knowledge of values will help owners in setting highly


responsible tone for the organization - in individual
judgments and decisions whether ethical or not.

• It helps owners to realize their social responsibility.

• Knowledge and awareness of the concept and practices of


business values and personal values is helpful to owners
in managerial conduct and decision-making.
Infosys Case study

• Phaneesh Murthy (PM) Vs Reka Maximovitch

• For sexual harassment.

• Important Employee(Revenue Generator to Infosys Overseas business.

• Narayan Murthy’s personal belief - safety at workforce impacted the


business.

• Phaneesh Murthy was sacked.

• Narayan Murthy set an example.


Corporate Movie
• Clips shows board meeting scene, where they discuss issue of
high pesticide content in their new bottling plant

• MD has his own personal values and professional benefits.


• Scene also show contradicting personal values and business
decision
• Business development based on our personal values and

ethical values.
Conclusion
In business lots of situation occur when your
basic belief system (values) and business core
values contradict each other . At that time take
the decision which is logically right and positive
impact on business as well as society should be
adapted and implemented.
Thank you

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