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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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