Abstract This paper will identify my top five values and how they are used in business decision making. Examples will be given to explain the personal foundation of the values and justification as to why the corresponding values were place at their respected position on the list. Values Used in Business Decision Making Values have an influence on how we make decisions in our personal and professional lives. It is a difficult task to narrow the list of values to the top five. However, this paper will identify my top five professional values and their influences on my business decision making process. Examples will be given to explain the personal foundation of the values and justification as to why the corresponding values were place at their respected position on the list. In the attempt to narrow the field to the top five values, I researched the definition of values so I could properly identify what my professional values were and their influences. According to Fukukawa, Shafer, and Lee (2007) values are characterized as "the determinants of specific attitudes and behavior" (p. 383). Keeping this in mind, my list became very long. After careful consideration and thought, the field was narrowed down to the following top five professional values: religion/spirituality, family, integrity, loyalty, and personal growth. Value One Religion/Spirituality Religion/spirituality keeps me grounded. I was raised in the church and whenever there are situations that I must address, I turn to religion/spirituality. Knowing decisions I make will affect those around me, some more than others, I try to make the decision that I can live with both in this life and the after life. While working at my present job, I have often been given the task of making a decision that affects the employee. For example, for the pass six months, the company I am currently working for begin reorganization and downsizing. This has placed an enormous amount of stress on the employees, to include myself. Prior to the reorganization and downsizing, the managing consulting firm informed upper management that there is a possibility of this taking place within the next several months. The rumors started at that point. A training consultant that I supervised requested a meeting with me to discuss the rumor. The employee asked if she should take a position that she was offered at another company or stay with this organization and if she stayed with the company could I guarantee her position was safe from downsizing.
Values include competence, integrity, objectivity, honesty, loyalty to the employer, responsibility to users of financial...
The company’s core values constitute - Creativity (new ways of doing things), Honesty (guided by high moral standards), Respect (accept and abide by the law, social standards and principles of nature), Solidarity (Friendly work environment), Laboriousness (Labor is the powerful force for transformation), Responsibility (Accept consequences of our actions).
In the history of business study, The Competing Values Framework (CVF) has been thought of as one of the most influential models. According to Cameron (n.d.), he points out that several business school and leading organization have been studied and tested this theory for more than 25 years. He also claims that the CVF is the most accuracy model now because it can predict the organization future in term of success better than other models. In general, it can be use to identify the fundamental of organization from the top to bottom, for instance leadership, human resource management, management strategy and organization culture. As a results, the framework helps instruct the way to get improvement by having a comprehension values that occur commonly in organization. The model is emerged from the question “What are the main criteria for determining if an organization is effective? What key factors define organizational effectiveness? When people judge an organization to be effective, what indicators do they have in mind”
My top five values from the Clarifying Your Values exercise are compassion, creativity, equality, fairness and honesty. These line up rather closely to my ELI results. The ELI results show that equality and fairness are important to me just like in the exercise. These values line closely with compassion because equality and fairness go hand in hand with having compassion for people. Both the exercise and ELI show that I am creative which proves true to how I view my daily work life. Being creative and thinking outside the box is important to me. The final of my top five values is honesty. Although honesty is not mentioned in the exercise it is a very important value of
Values are considered the heart of the organizational culture. They are the driving and organizing the force for the behaviors, in which the individual uses in his assessment of situations and its importance is shown as follows:
Justify the Value's Position in the List. Include any challenges to employing these values consistently when making personal and organizational decisions.
Values are intangible things that are important to us, and that guide us, individually, to make decisions. Each person has a different set of values, morals, and ethics, which is the reason that each person handles a situation differently. Here, I will discuss my top 5 values, and why they are important to me.
Firstly, I will begin by identifying my core values. These values can be put into two separate groups. Firstly, there are instrumental values: courageousness, intellectualism, and helpfulness. When considering the myriad of ideals, many others were eliminated
The major areas of my values and ethics can be summarized in six words: excellence, personal integrity, responsibility, ambition, accountability, and determination. Excellence guides me when setting targets in all my undertakings; I normally strive to achieve my best. Personal integrity and accountability enable me to make sound judgments to avoid engaging in actions that will hurt me and/or other people around me. Responsibility is important to me as it enables me to identify the part I need to play in my family, at the workplace, and in the community. Lastly, ambition and determination are applicable in providing me with the momentum needed to ensure that all my initiatives and tasks are done to completion.
Since ancient times when David and Goliath was fighting for their division people had values. As human beings we never take the moment or the extent to set up a blue print for our beliefs, customs, modes of conduct, qualities, or goals we just have this unspoken language of knowing what they are. However, what if one was assign to write a paper about their values but could only identify three. One may have second thoughts about what he or she decided, I know I did. In this essay I will be answering questions and discussing the top Three values I came to conclusion. The three values that I hold close to my heart are family, richness, and determination. The principles were feed to me throughout my childhood era. During this period, making
State how these values were formed, how they influence your character, and how you came to embrace these values. (2 marks)
Ethics and values are important in a business as they help the business function and create a standard for employees and help the environment and the community which in turn allows them to do support businesses.
Kumar, N. (2012). Relationship of Personal and Organizational Values with Job Satisfaction. Journal of Management Research , 12 (2), 80.
Thinking critically and making decisions are important parts of today’s business environment. It is important to understand how the decision making process works and the steps involved. The nine steps of the decision making process are: identifying the problem, defining criteria, setting goals and objectives, evaluating the effect of the problem, identifying the causes of the problem, framing alternatives, evaluating impacts of the alternatives, making the decision, implementing the decision, and measuring the impacts. (Decision, 2007.) By using various methods and tools to assist in making important business decisions an individual can ensure the decisions they make will be as successful as possible. In this paper it will be examined how the decision making process can be followed using various tools and techniques to make successful business decisions by using these same tools and techniques during a thinking critically business scenario. The paper will also discuss how different tools and techniques could have been used to make different, yet still successful decisions.
Value has different aspects which include company values; which relates to new innovations, job growth, reducing costs, as well as long term production and so forth. Value must meet customers’ needs which they benefit from the product or service.