BANASTHALI VIDYAPITH

BHARTIYA PRABANDHAN
Assignment Title: - Panchmukhi Vikas
BBA VI Semester; Batch A2

Submitted to –: Submitted by-:

Akansha Ma'am PRATYUSHA SINGH(8194)
PRITI SONY(8198)
SUSHMITA SHAHI(8254)
VALUE SYSTEM OF INDIVIDUALS

Personal Value System

A personal value system is a set of principles or ideals that drive and/or guide
your behavior.
Your personal value system gives you structure and purpose by helping you
determine what is meaningful and important to you.
It helps you express who you are and what you stand for.
If you are unaware of, or become disconnected with your values, you end up
making choices out of impulse or instant gratification rather than on solid
reasoning and responsible decision-making.
Your values define your character value system.
They impact every aspect of your life including personal and work behaviors, your
interactions with family, friends and co-workers; your decision-making.
Values are such an intrinsic part of a person’s life and thought that he tends to
take them for granted, unless they are questioned or challenged. He acquires
them very early in life. They are transmitted to him through his parents, teachers,
and other significant persons in his environment who, in turn, acquired their
values in similar fashion. Child-rearing practices are expressions of a family’s
values, and of the values of the social group to which the family belongs,
processes and the direction you take in life. This is why it is so important to know
what you value and what is important to you.

TYPES OF VALUE SYSTEM OF INDIVIDUALS -

Four Categories of a Personal Value System are as follows:

● Personal Values - Personal values are those traits we see as worth aspiring to,
andthat define our character.
● Spiritual Values - The values that connect us to a higher power and give us a
sense of purpose beyond our material existence.
● Family Values - To love and care for those we are close to; our children, our
parents, other family members, and our friends.
● Career Values - The best use and expression of our talents and skills for the
purposes of contributing to society and for monetary compensation.

How do organizational values work in practice?

(Organizational implication)

In general, organizational values tend to be about the behavior of people in the

organization and the decisions that are made. For example, Google (the Internet
search engine) is famous for its motto ’Do no evil’ (which is quite similar to the
medical professions ‘Do no harm’ of course). The Body Shop is known for not
selling products which have been tested on animals. There are many voluntary
and mutual organizations (like charities, and trades unions) which exist because of
particular values that their founders and supporters believed in. For example, the
Salvation Army was built on the value of “temperance.”The big challenge for
organizations is to live up to these values. When Google agreed to the Chinese
Government’s requirement for it to restrict access to some websites when it set
up in China, it was accused of not living up to its values. And when Body Shop was
taken over by L’Oreal many people pointed out that its new parent didn’t seem to
share the same corporate values. Even the Salvation Armey was criticized when it
moved in the recruitment market and apparently de-emphasized its focus on
temperance.

If an individual finds that the organization’s values differ from his or her own
values then he or she will have to decide how he or she will act.
This means asking searching questions such as “How strongly felt are my
beliefs?” and “Where would I draw the line if I were asked to do something I
didn’t believe in?” or more broadly, “Can I thrive in an organization with
these kinds of values or this culture?” Hence, if the individual ever finds that the
conflict between what he or she thinks is right and what the organization is doing
is too great, he or she may have to make a decision that could affect his or her
job.
Ultimately, where there is a conflict between what an individual
believes in and the organization’s values there are only three realistic
choices:

● The individual stands up for his or her beliefs, and possibly loses his or her job,
because he or she refuses to engage in actions that he/she thinks are wrong.
● The individual compromises on his or her beliefs by turning a blind eye to what
he or she believes is wrong and tries and/or avoids doing anything which makes
him or her feel too guilty.
The individual tries to influence the organization to change its values or behavior.

Conclusion –

All individuals develop a set of personal values, which help them to make
decisions in the world. These values can either sometimes well-align or clash with
the values of other individuals at work or with the wider organization of which
they are a part. Where a clear clash happens, individuals can elect to work in a
different and more aligned climate, adjust their values somewhat or try to adjust
or change the organizational values in their current enterprise (if they deem the
effort to be worthwhile). In all cases, the greater the values overlap and
consistency, it is usually a better, more productive and happier outcome for the
person and the organization concerned.