ALUEs BASED MAN

AGEMENT
Submitted By:
Akriti Aggarwal
 Behaviors and
actions

Thoughts feelings
and emotions

Values and
Beliefs

Needs

If you want a loyal, committed, creative workforce in your organisation then you
need to make sure that your employees are able to satisfy their deficiency needs
and also pursue and satisfy their growth needs.
Business Values:
Righteousness (Dharma)
Public Good (Lok Sangraha)
Efficacy ( Kauslam)
Innovation (Vivdata)
Learning (Jigasa)
Respect for individual and human dignity
Dharmayudh
Value Based Management is managing and giving va
lues to all stakeholders. They are:

o Organisation- innovation, ideas

o Shareholders- Protecting investment, fair return
o Employees - wages, working conditions, secur
ity, redressal of grievances
o Customers - quality, fulfill commitments
o Government- national interest
o Community - social responsibility
Managing By Values:
Identifying core values rank ordered t
o reveal priority
Communicating core values
Aligning values and practices

Management walks its talk

Closing the values gap
Different types of issues:
Complexity: complicated and conflicted
Professional Ethics: A Strategic Necessity
Morality: Differing by Culture
Personal Values and Character
Law: Multiple Jurisdictions
Focus on values helps organizations to attract and retain talented and
creative people, and positively impacts their financial performance.

EMPLOYEE ENGAGEMENT:

Emotional and intellectual involvement leading to enthusiasm and co

mmitment towards work
o Autonomy
o Mastery
o Purpose

CULTURAL ENTROPY:
Negative correlation with employee engagement
o Focusing on the needs of all the organizations stakeholders , management
engender high levels of staff engagement, customer support, investor atten
tion and societal goodwill.

o Gallup, performance management consulting company organisations wit

h highly engaged employees have 3.9 times the earnings per share .

o Engaged workgroups are more productive, profitable, customer focused , h

ave higher retention rates, lower numbers of safety incidents and less abse
nteeism.

(Gallups employee engagement work is based on more than 30 years of in depth

behavioral research of more than 17 million employees)
THE TENETS OF CONSCIOUS CAPITALISM
Challenges business leaders to rethink why their organizations exist and
to acknowledge their companies roles in our
modern, interdependent global society.

o Values driven firms of endearment

o Higher purpose
o Stakeholder orientation
o Conscious leadership
o Conscious culture

If firms of endearment can be described by any one characteristic, it is t

hat they possess a humanistic soul.
CULTURE EATS STRATEGY FOR BREAKFAST
(Peter Drucker)

o No matter how far reaching a leaders vision or how brillian

t the strategy, neither will be realized if it is not supported b
y an organizations culture.

o The culture is defined by the values that are lived by the lea
ders, managers and supervisors; by the values that show up
in the everyday interaction .

o Get the values right and let them guide you to decision maki
ng.
 References:
Bhatia, S. K. (2003).Business ethics and managerial values: Concepts,
issues and dilemmas in shaping ethical culture for competitive advant
age of organisations. New Delhi: Deep & Deep Publications.

A., & Kumar, A. (2008).Ethics in management: Insights from ancient I

ndian wisdom. New Delhi: Ane Books India.

Christopher M. Barlow, Ph.D. Ethics and Values Based Management

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