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MS-208 Corporate Social Responsibility, Human Values and Ethics Unit 1

Here are some key questions to think about regarding this topic: - How do values shape our behaviors and decisions? - What role do culture and upbringing play in forming our values? - How can understanding different value systems help with intercultural communication and relationships? - What values are most important for ethical and sustainable business practices? - How can businesses assess and align their values with stakeholders' values over the long run? Thinking critically about values - both our own and others' - is important for managing relationships, making ethical decisions, and building a just world for all. Exploring diverse perspectives can provide insights on these complex issues.

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Vishruti
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92 views12 pages

MS-208 Corporate Social Responsibility, Human Values and Ethics Unit 1

Here are some key questions to think about regarding this topic: - How do values shape our behaviors and decisions? - What role do culture and upbringing play in forming our values? - How can understanding different value systems help with intercultural communication and relationships? - What values are most important for ethical and sustainable business practices? - How can businesses assess and align their values with stakeholders' values over the long run? Thinking critically about values - both our own and others' - is important for managing relationships, making ethical decisions, and building a just world for all. Exploring diverse perspectives can provide insights on these complex issues.

Uploaded by

Vishruti
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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MS-208

CORPORATE SOCIAL RESPONSIBILITY, HUMAN VALUES AND ETHICS


UNIT 1

HUMAN AND MANAGERIAL


VALUES
SOURCE: The PowerPoint presentation has been prepared from the following books:

1) Lawerence & Weber, Business and Society.


2) Blowfield & Murray, Corporate Responsibility.
LEARNING OUTCOMES

S. No Learning Outcome PO Level

1. Able to understand and apply the basic concepts of values & PO1, PO2, PO3
ethics, ethical decision making, CSR and its theories
HUMAN AND MANAGERIAL VALUES
VALUES: INTRODUCTION
• "Values are the ideas in the mind of men compared to norms in that they specify
how people should behave. Values also attach degrees of goodness to activities and
relationships”
-Zaleznik and David

• Values relate to an in-built mechanism which distinguishes right from wrong (in
context of the social environment).

• Managers cannot be effective if they do not understand the significance and role of
values in all aspects of business activity.
Characteristics of Values

Influenced by
culture, tradition,
Mold ideal Formulates criteria
Provides standards and various
Different for each dimensions of for
of competence and internal and
person. personality and evaluating/judging
morality. external
depth of culture. others’ actions.
environmental
factors.
Types of Values
1. Terminal Values
• Desirable and end-state existence.
• The goals that a person would like to achieve during their lifetime and may vary
among different groups of people in different cultures.
• Eg. Happiness, Self respect, Inner harmony, Recognition, Prosperous life, etc.

2. Instrumental Values
• Preferable modes of behaviour; means of achieving the terminal values.
• More focussed on personality traits and character.
• Eg. Ethical, Capable, Cheerful, Courageous, Intellectual, Logical, etc.

Source: Beatty, S. E., Kahle, L. R., Homer, P., & Misra, S. (1985). Alternative measurement approaches to consumer values: The list of
values and the Rokeach value survey. Psychology & Marketing, 2(3), 181-200.
Types of Values

Instrumental
Values

Terminal
Values
Formation of Values
• Value formation is the confluence of our personal experiences and particular
culture we are entwined in.

• There are various sources of values:


 Family  Religion
 Peers  Relatives
 History
 Society
 Literary Works
 Media like books
 Organizations
Values of Indian Managers
Integrity
Responsibility

Willingness to take Risk


Hard Work
Optimism and
Enthusiasm Self-Confidence

Vision
Renunciation
Commitment to grow
Compassion
Pragmatism

Simplicity Emotional Intelligence

Sacrifice Expertise to Industry

Ability to engage
Conscientiousness Others
Conclusion
• Values are collective conceptions of what is considered good, desirable,
and proper or bad, undesirable, and improper in a culture.

• Instrumental and Terminal are the two types of values.

• Value formation is the confluence of our personal experiences and


particular culture we are entwined in.

• The Indian ethos stresses on giving rather than taking. The virtues held in
high esteem are simplicity and sacrifice, renunciation and compassion.
Questions
• Define the concept of values along with its characteristics.

• Differentiate between terminal and instrumental values.

• Discuss the process of value formation by explaining the various sources of


human values.

• Discuss with examples, how instrumental values help in attaining the


terminal values in a person’s life and career.

• Discuss the differences between Indian business values and western


business values.

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