csr2
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Q2. Explain terminal and instrumental values of a dynamic business firm. How does value system develop in an organization? Values are the basic convictions that give us a sense of right and wrong, good and bad. Thus values form the basis of ethical behavioral value system is a set of consistent ethic values and measures used for the purpose of ethical or ideological integrity. A hierarchy based on a ranking of an individual’s values in terms of their intensity forms his/her value system. Values are beliefs that affect an individual’s judgmental ideas about what is good or bad. Ethics is the way the values are acted out. Ethical behavior is acting in ways consistent with one’s personal values and the commonly held values of the organization and society. Ethics is a set of moral principles or values which is concerned with the righteousness or wrongness of human behavior and which guides your conduct in relation to others. Ethics involves learning what is right or wrong, and then doing the right thing
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csr corporate social responsibility
Transcript of csr2
Q2. Explain terminal and instrumental values of a dynamic business firm. How does value system develop in an organization?Values are the basic convictions that give us a sense of right and wrong, good and bad. Thus values form the basis of ethical behavioralvalue systemis a set ofconsistentethic values and measures used for the purpose ofethical or ideological integrity. A hierarchy based on a ranking of an individuals values in terms of their intensity forms his/her value system. Values are beliefs that affect an individuals judgmental ideas about what is good or bad. Ethics is the way the values are acted out. Ethical behavior is acting in ways consistent with ones personal values and the commonly held values of the organization and society. Ethics is a set of moral principles or values which is concerned with the righteousness or wrongness of human behavior and which guides your conduct in relation to others. Ethics involves learning what is right or wrong, and then doing the right thing
Terminal Valuesrefer to desirable end-states of existence. These are the goals that a person would like to achieve during his or her lifetime. These values vary among different groups of people in different cultures.The terminal values are:1. True Friendship2. Mature Love3. Self-Respect4. Happiness5. Inner Harmony6. Equality7. Freedom8. Pleasure9. Social Recognition10. WisdomInstrumental Valuesrefer to preferable modes of behavior. These are preferable modes of behavior, or means of achieving the terminal values.The Instrumental Values are:1. Cheerfulness2. Ambition3. Love4. Cleanliness5. Self-Control6. Capability7. Courage8. Politeness9. Honesty10. Imagination
Attributes of Values- There are two attributes of values that can be used to rank order an individuals values into a hierarchical value system.1. Content. This is how important the mode of conduct or end-state of existence is to the individual.2. Intensity. This is how important this value is in relation to other values.Values lay the foundation of understanding Attitudes (what ought & what ought not to be) Perceptions (Right & Wrong) Motiveswhich shape the behavior of individuals. A system of shared values of the organizational members helps in developing the organizational culture. Organizational values which are ethical and in the interest of the society enhance the image of the organization.
