26958241 Ethics and Values Ppt

7/28/2019 26958241 Ethics and Values Ppt

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VALUES FOR INDIAN

MANAGERS


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WHAT ARE VALUES?

Qualities, characteristics, or ideas about which we feel

strongly.

Our values affect our decisions, goals and behavior.

A belief or feeling that someone or something is

worthwhile.

Values define what is of worth, what is beneficial, and what is harmful

Values are standards to guide your action, judgments,

and attitudes.


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NEED OF VALUES Right and wrong defined by different people may

manifest diverse thinking, motivated by each

individuals personal values. Within a work

environment, the cultural values that drive business

decisions are critical to the organizations credibilitywith 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 ofconduct that ensures that employee behaviors and

the internal systems are aligned with those values

which in turn affects the performance of the

organization.


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WHAT ARE MANAGERS EXPECTED TO DO?

Managerial activities can change as the organizations

and their environment change.

The managers responsibilities have increased as more

tasks have been outsourced on them, at the same time

they have been stripped of some of their support

functions and assistants.

There are constrains that limit the managers

possibilities to chose what to do in their work.

Some of the constraints are lack of available

resources, insufficient experience and training for the

new administrative tasks and technological limitations


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Through different actions the

managers are trying to keep

some values within

acceptable limits; they work

more overtime and doadministrative tasks from

home to have time for

managing and leading their

subordinates.


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VALUES FOR INDIAN MANAGERS

Indian managers are moving away from the concept

of values and ethics. The lure formaximizing

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.


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They need to develop the following values:

Optimum utilization of resources

Attitude towards work- Managers have to

develop the visionary perspective in their work.

They have to develop a sense of larger vision in

their work for the common good.

Work commitment

Vision- Managers have a long term vision. The

visionary managers must be practical, dynamic

and capable of translating dreams into reality.

Responsibility- There are two type moral (short

term)and visioner (long-term).


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The managers of Indian companies should also develop

the following values:-

Move from the state of inertia to the state ofrighteous

action.

Move from the state of faithlessness to the state offaith and self-confidence.

Move from unethical actions to ethical actions.

Move from untruth to truth.


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MEANING

Ethics is a set of rules that define right and wrong conduct.

Business ethics can be defined as written and unwritten codes of

principles and values that govern decisions and actions within a

company. In the business world, the organizations culture sets

standards for determining the difference between good and bad

decision making and behavior.


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MODELSOF MANAGEMENT ETHICSThree Types Of Management Ethics

Moral ManagementConforms to high standards of ethical behavior.

Immoral ManagementA style devoid of ethical principles and active

opposition to what is ethical.

Amoral ManagementIntentional - does not consider ethical factors.

Unintentional - casual or careless about ethical considerations in business


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IMPORTANCE OF BUSINESS ETHICS

Public expects business to exhibit high levels of

ethical performance and social responsibility.

Encouraging business firms and their employees to

behave ethically is to prevent harm to society.

Promoting ethical behavior is to protect business

from abuse by unethical employees or unethical

competitors.

High ethical performance also protects the

individuals who work in business.


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RELIGIOUS VIEWS ON BUSINESS

ETHICS

SWAMI VIVEKANAND VIEWS ON

ETHICS

THE BASIS OF INDIAN

SUBJECTIVITY LIES IN THE

BELIEF OF GOD.

HE SUGGESTED THE

FUNDAMENTAL LAW OF ETHICS

DONT INJURE OTHERS, LOVE

EVERYONE AS YOUR OWNSELF

UNIVERSE IS ONE


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CONCLUSIONEthics are important not only in business but in all aspects

of life because it is an essential part of the foundation onwhich of a civilized society is build. A business or

society that lacks ethical principles is bound to fail

sooner or later.

For years conventional wisdom suggested that peopledo not leave companies, but rather they leave

because of bad business management also known as

bad managers. Poor business management practices

are more related to the problem of poor business

ethics or values than to the common symptoms such

as poor delegation or poor communication.


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Every organization, no matter size, should have a

written business values statement of non-

negotiable behaviors that will be demonstrated by

everyone. Each employee from top down needs to

consistently demonstrate the same values andethics. Inconsistent values from managers can

dramatically affect employee motivation and

ultimately employee performance.


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THANK YOU

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26958241 Ethics and Values Ppt