06-10-2012, 05:03 PM
VALUES FOR MANAGERS
VALUES FOR MANAGERS.ppt (Size: 840 KB / Downloads: 26)
WHAT ARE VALUES
The word “values” can sometimes be interpreted with having only to do with “touchy-feely” type things like feelings. However, the idea of values, when it comes to management/strategy, relates much more to practical matters. There is a huge correlation between correct value alignment and success.
Values can be defined as those things that are important to or valued by someone. That someone can be an individual or, collectively, an organization. One place where values are important is in relation to vision. One of the imperatives for organizational vision is that it must be based on and consistent with the organization's core values.
NEED OF VALUES
Right and wrong defined by different people may manifest diverse thinking, motivated by each individual’s personal values. Within a work environment, the cultural values that drive business decisions are critical to the organization’s credibility with its employees, customers, and shareholders.
Today, in business, value is about prioritizing individual and operational values for the workplace and establishing codes of value and codes of conduct that ensures that employee behaviors and the internal systems are aligned with those values which in turn affects the performance of the organization.
IMPORTANCE OF VALUES
Key leadership with appropriate values establishes the moral compass that guides the organization through the complexities of what is right and wrong and how management and staff are therefore expected to behave. Critical then, becomes the ability to manage for ethical outcomes—this is values-based management.
Values provide the basis for judgment about what is important for the organization to succeed in its core business.
Values are traits or qualities that are considered worthwhile; they represent an individual’s highest priorities and deeply held driving forces
VALUES FOR INDIAN MANAGERS
Indian managers are moving away from the concept of values and ethics. The lure for maximizing profit is deviating them from the value based managerial behaviour.
There is a need for our managers today both in private and public sectors to develop a set of values and believes that will help them attain the ultimate goals of profits and survival and growth.
They need to develop the following values: