Values & Ethics in
Business
Values
 Abstract ideals that shape an individual’s
thinking and behavior – a moral compass
 Instrumental values – certain way of
behaving is appropriate in all situations –
“means”.
 Terminal values – enduring belief in the
attainment of a certain end state –
“ends”.
A moral compass
These abstract ideals can result
from
 Religion
 Philosophy
 Family teachings
Instrumental values
As the means to an end they
become the ingrained ways of
behavior:
 Rituals
 Politesse
 Good habits
Terminal values in
business.
With the end always in sight:
 Heaven
 Respect
 Financial Success
 Personal Independence
 Power
Thanks You
THE END
Geh

Business ethics PRESENT BY VIREN PATWA.

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    Values & Ethicsin Business
  • 2.
    Values  Abstract idealsthat shape an individual’s thinking and behavior – a moral compass  Instrumental values – certain way of behaving is appropriate in all situations – “means”.  Terminal values – enduring belief in the attainment of a certain end state – “ends”.
  • 3.
    A moral compass Theseabstract ideals can result from  Religion  Philosophy  Family teachings
  • 4.
    Instrumental values As themeans to an end they become the ingrained ways of behavior:  Rituals  Politesse  Good habits
  • 5.
    Terminal values in business. Withthe end always in sight:  Heaven  Respect  Financial Success  Personal Independence  Power
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