value system123

8/7/2019 value system123

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Corporate Value system

Avnish Sharma


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CORPORATE VALUE

Corporate value are the moral beliefs of the corporate sector.

these values influence the objectives and priorities of the

corporate managers.

To a great extent, the business value reflect the values of

society in which a business enterprise operates.

For example: Honesty and truth

In business ,black marketing, false and misleading

advertisements affects the company value system and society

adversely.


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Cont

A well defined value system is a moral code.

A value system can apply to either one person or many.

-A personal value system is held by and applied to one

individual only.

-A communal orcultural value system is held by andapplied to a community/group/society. Some communal

value systems are reflected in the form of legal codes.


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Types of corporate/business value

Managerial values: like honesty, loyalty and

truthfulness etc.

Leadership value: like managers fairness and

equity approach towards his/her employees.

Organisational value: fulfilling social

obligations


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Another classification

Fred Wenstp and Arild Myrmel have proposed a structure

for corporate value systems that consists of three value

categories.

1-Core Values, which prescribe the attitude and character of

an organization, and are often found in sections on Code of

conduct on its web page.

2-Protected Values ,are protected through rules, standards

and certifications. They are often concerned with areas such

as health, environment and safety.

3-Created Values, is the values that stakeholders, including

the shareholders expect in return for their contributions to

the firm.


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Features of corporate ethical

programme

Ethical code(principles ,rules and conduct)

The management commitment & continuous

leadership, Enforcement of ethical standards(through

incentives and penalty procedure)

Communication system,


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Indian value system

Charity,

Harmless,

Modesty,

Purity of heart, Uprightness,

Consistency of purpose,

Gentleness,

Truth, Unmelicious tongue,

sacrifice


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Application of code of ethics in

organization Preparation of update policies and procedures to produce

positive behavior of employees,

Understanding and selection of best operational method ,suitableto organization culture and working environment,

Effective training and development programmes,

Effective compensation system,

Grievance policy,

Effective review and audit system for all the departments,

Sound reward system ,


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Developing code of ethics

Basic approaches adopted by the

organisations for influencing the ethical

behavior in the organisation.

These may be:

Utilitarian approach, Individual right approach,

Justice approach,


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Current issues in publications regarding

corporate/business ethics

Financial scams/frauds in organisations,

Misleading advertisements,

Exploitation of child labor, Exploitation of female workers at work place,

Protection of natural environment,

Safety and health related issues at work place,


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A article note

My friends have been asking me this question, why am I still working with

Infosys for the last 8+ years and not looking for opportunities with other

companies, including foreign multi nationals?

My answer was simple. Infosys is a company powered by intellect, driven

by values. The most important factor I love in Infosys is the value system,the primary reason for me sticking with Infosys.

Recently I have been thinking more about professional & personal life,

value system and spirituality, and how these are tied together in my life.

Due to various things happening in professional and personal life

nowadays, I searched the internet for Infosys Chairman Narayana Murthysmotivational speeches, which have always been very inspirational to me.

Even if it is a 5 minutes interview, he definitely makes it a point to talk

about value system.

Read more at TECK.IN: http://teck.in/narayana-murthy-on-corporate-

value.html#ixzz1DvJk9RTe


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Teachings from Ramayana and

Mahabharata

Avnish Sharma


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Ramayana teachings

The two major epics of Hinduism are

Ramayana and Mahabharata.they are

mythological stories of a very ancient past

about whose antiquity the real historical basis

no one is really sure. they are the part of smrit

tradition.

Ramayana is the story of incarnation of lordVishnu in human form as lord Rama. Lord

Rama is considered as the supreme

idol(Maryada Purushottam).


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Cont.

The basic teachings of Ramayana include:

- one should always keep the welfare of the society

and world above ones own selfish pleasures or

interests.

It is the supreme duty of the sons to obey their

parents at any cost and well being of parents should

be the highest concern.

One should be totally devoted to his promises.

Ramayana tradition says that the words should be

kept or promises should be honored even at the cost

of ones own life.


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Cont..

Wives must be totally and unconditionally

devoted to their husbands and they must

assist their husbands in carrying out their own

social, moral and economic duties.

Ramayana places special emphasis on peace

and systematic division or work in the society.

The king must act in such a way so that people

can idealize and emulate him.


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Cont

For a king, the pleasure and prosperity of his people should

be the first and foremost concern and he should be ready to

pay any price for it.

Ramayana teaches Truth must prevail and it says that asultimate truth shall win so one should always be on the side

of truth whatever the hardships it may attract.

Ramayan provides the basic philosophies such as viz. one

must strive to achieve his scared goals of dharma

(religion),arth(wealth) and salvation(moksha)


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Cont.

The fact is that no other epic or literature has

such a profound effect on Hindu life style as

Ramayana. for thousands of years,hindus have

looked at Rama to decide their course of

action for life.


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Mahabharata

It is a great epic and was written by Sage Ved

vyas.it is believed that Mahabharata contains

all types of characters a society can possibly

have.the basic teachings of Mahabharata and

the essence of this great epic is in form of

Bhagwat Gita.

Apart from the supreme teachings ofGita,other teachings from Mahabharata can

be enlisted below: (PTO)


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CONT..

It is the religion which ultimately wins hence

one must follow the side of religion and be

prepared to make any sacrifice for religion.

the king must put the scared duty of welfare

of his people and state above the concerns for

his children or other family members.

Teachers are the emblems of respect and

pupils should always be prepared to sacrifice

any pleasure or wealth for their teachers.


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Cont..

People who violate the religious laws and dont act

according to the religious rules parish.

Even at the time of war the rules and justice must be

obeyed.

Mahabharata places special emphasis on honoring

women. Women in Mahabharata are in no way less

in stature than their male counterparts.(women

must be respected everywhere and in every way.)


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Bhagwat gita

Bhagwat Gita, the song divine, is from great

Indian epic ,the Mahabharata". it is the form

of a metrical dialogue in which lord Krishna

expounds to Arjuna Various philosophical

doctrines.


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Cont

For guiding arjuna to take action in field, krishna summarizes

various doctrines propounded in the upanishads.hence, many

scholars believe that Bhagwat Gita contains the essential

teachings of Upanishads.

The Gita teaches three ways:

The way of bhakti (loving devotion)

The way of dhyan (knowledge) The way of Karma (action without attachment)

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