VALUES / VALUE STATEMENT.
Value are convictions or benefits that members of the organization have concerning certain issues or things which they consider as very importance in shaping their behavior and conduct in the organization.
*In summary values are things that people attain a lot of importance to.
Sources of Values
1.Religion ;Christianity faith ,Muslim, Hinduism, Buddhism, A.T.R.
4.Code of professional ethics e.g code for lawyers, accountants, doctors etc.
Values and the Organization
Those values that are similar or common in a wide range of organizations value derived from common laws/traditions/cultures.
Values which are central or core to the development of other values in the organization .they are central or fundamental in encouraging other values in the firm .e.g Unity of purpose ,goal oriented ,responsiveness to the environment /customers being proactive I.e being sensitive to new things /development ,believing that customers is the king .
Consists of some common and core values which are important in shaping the behavior and conduct of members of particular corporate body in order to achieve its goal.
Corporate Values are Determined by :-
iv)Corporate Culture/Membership behavior
vi)Corporate strategy/ action plan
Example -Banking corporation
i)Honesty & trust worthiness,bankers cheque
ii)Transparency and accountability
iii)Accuracy and timeliness
iv)confidence and trust ,reality of records
v)Value your customers as important
Road construction company
i)Mechanization of operations
iii)Innovative ness and creativity
iv)Punctuality and time keeping
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