RELATIONSHIP

BETWEEN VALUES AND

ETHICS
Compiled By:-
Abhishek Kaushal
MBA - General
 Values

The
constellation of
standards, or
qualities,
characteristics,
or ideas that
determine a
person's view
of the world.
 Values Importance

Values contain a judgmental element in

that they carry an individual's ideas as to

what is right or desirable
They help in differentiation.
 Companys Values

Operating philosophies or principles that

guide an organization's internal conduct as
well as its relationship with its customers,
partners, and shareholders.
 Importance of Company Values

Core values help companies in the

decision-making processes.
Core values educate clients and potential
customers about what the company is
about and clarify the identity of the
company.
Core values are becoming primary
recruiting and retention tools.
 Ethics
Ethics or moral philosophy is the branch of
philosophy that involves systematizing,
defending, and recommending concepts of
right and wrong conduct. The term ethics
derives from the Ancient Greek word ethikos,
which is derived from the word ethos.
 Sources For Ethics
1. Genetic Inheritance

2. Religion

3. The Legal System

4. Code of Conduct

5. Cultural Experiences
 Business Ethics
The study of proper business policies and
practices regarding potentially controversial
issues, such as corporate governance,
insider trading, bribery, discrimination,
corporate social responsibility and
fiduciary responsibilities.
 Importance of Business Ethics

1. Reputation

2. Profitability
Worlds Most Ethical Companies
2015
1) 3 M Company
2) ABB Group
3) Accenture,LLC
4) Adobe Systems Incorporated
5) Alfac Incorporated
.
.
104)Tata Steel Limited

SOURCE: Forbes
Ethics vs Values
VALUES ETHICS

1. Ethics are guidelines or

rules that are set for an
1. Values are basic organization or a
beliefs that an society rather than for
individual thinks to be an individual.
true. 2. Ethics can be defined
2. Values can be said to as set of rules
be the guiding formulated by a
principles in ones country or a company
life. or some institutions.
 Relationship
The basic relationship is that values are
more general statement and ethics is when
we put these values into effect in concrete
situations.
Ethical Dilemma
 References
Naswdc.com
Wikipedia.com
Forbes
Business Ethics by R.V Badi
Questions?