Get premium membership and access questions with answers, video lessons as well as revision papers.
-Values can provide a framework for all the other activities of the organisation
-Values can guide decision making and discussion
-Values enhance the corporate reputation
-Values can enhance recruitment by attracting candidates whose own values are in tune with the organization
-Values can also play a role in helping with the management of change by providing a 'theme' that employees can recognise as valid and valued
-For companies operating in a market containing undifferentiated products, an ethical stance can provide a unique selling point
-Values can help to enhance a sense of commitment to the organisation and therefore, are an important part of high commitment management.
-The concept of ethics and values in business applies to all the relationships within and outside the organisation:
-Between the organisation and the outside world generally, value statements might cover the manner in which the organisation does business; its attitude towards the use of renewable and non-renewable raw materials; its views of the environment, the company's attitude towards its social responsibility, etc
-Between the organisation and its customers and consumers, value statements might cover the way in which it intends to do business
-Between the organisation and its workforce, typical value statements identify attitudes towards equal opportunities and diversity
-Between management and employees, value statements guide the manager- employee relationship,
identifying the importance of trust, respect and equality
-Between employees, value statements identify how employees are expected to behave towards their fellow employee.
Titany answered the question on November 9, 2021 at 07:20
- How do we Measure, review and reinforce the set values of Managing Diversity in an organization?(Solved)
How do we Measure, review and reinforce the set values of Managing Diversity in an organization?
Date posted: November 9, 2021. Answers (1)
- What are the Embed policy in procedures of Managing Diversity in an organization?(Solved)
What are the Embed policy in procedures of Managing Diversity in an organization?
Date posted: November 9, 2021. Answers (1)
- What are the policy agendas of Managing Diversity in an organization(Solved)
What are the policy agendas of Managing Diversity in an organization
Date posted: November 9, 2021. Answers (1)
- List the Lead and set values of Managing Diversity in an organization(Solved)
List the Lead and set values of Managing Diversity in an organization
Date posted: November 9, 2021. Answers (1)
- Give the reasons why diversity matters in business can be sub- divided into six areas(Solved)
Give the reasons why diversity matters in business can be sub- divided into six areas
Date posted: November 9, 2021. Answers (1)
- What behaviours in an organization are outlawed by the legislation?(Solved)
What behaviours in an organization are outlawed by the legislation?
Date posted: November 9, 2021. Answers (1)
- Discuss five groups who face discrimination in an organisation(Solved)
Discuss five groups who face discrimination in an organisation
Date posted: November 9, 2021. Answers (1)
- State the approaches of value management recommended by The Institute of Management (Solved)
State the approaches of value management recommended by The Institute of Management
Date posted: November 9, 2021. Answers (1)
- List the beliefs that govern the decisions made by organizations(Solved)
List the beliefs that govern the decisions made by organizations
Date posted: November 9, 2021. Answers (1)
- Describe Whistle-Blowing in an organisation stating the cases for it and those against it(Solved)
Describe Whistle-Blowing in an organisation stating the cases for it and those against it
Date posted: November 9, 2021. Answers (1)
- Identify the factors that lead to increase in unethical behavior in an organization(Solved)
Identify the factors that lead to increase in unethical behavior in an organization
Date posted: November 9, 2021. Answers (1)
- Describe three Principles of Ethical Behaviour(Solved)
Describe three Principles of Ethical Behaviour
Date posted: November 9, 2021. Answers (1)
- Explain the Strategies for Implementing Social Responsibility(Solved)
Explain the Strategies for Implementing Social Responsibility
Date posted: November 9, 2021. Answers (1)
- Describe two Perspectives on Corporate Social Responsibility(Solved)
Describe two Perspectives on Corporate Social Responsibility
Date posted: November 9, 2021. Answers (1)
- List some of the areas in which policies and procedures of Promotion of Fair and Equitable Treatment are developed and applied(Solved)
List some of the areas in which policies and procedures of Promotion of Fair and Equitable Treatment are developed and applied
Date posted: November 9, 2021. Answers (1)
- Discuss the five points of Continuum of management/worker control(Solved)
Discuss the five points of Continuum of management/worker control
Date posted: November 9, 2021. Answers (1)
- Describe the employment law(Solved)
Describe the employment law
Date posted: November 9, 2021. Answers (1)
- Discuss some of the Laws Affecting the Operation of Markets(Solved)
Discuss some of the Laws Affecting the Operation of Markets
Date posted: November 9, 2021. Answers (1)
- Why is Teamwork Important at Workplace?(Solved)
Why is Teamwork Important at Workplace?
Date posted: November 8, 2021. Answers (1)
- Common Problems at Work with their possible solutions(Solved)
Common Problems at Work with their possible solutions
Date posted: November 8, 2021. Answers (1)