A Need for Business Values

A Need for
Business Values

Is it important for business to have
values?
yes
 It helps in increasing
productivity.
 It helps to attract
trustworthy
stakeholders
 It maintains the good
reputation of firm
No
 Business is solely a
profit -making entity,
it has nothing to do
with values.
 Excessive compliance
to values kill many
avenues for profit.

Business values
 Philosophy, an organization
stands for.
 An edifice of the management
workings.
 An important ingredient for
successful organization(Cincotta,
2015).

Types of Business values
 Personal values
 Values at workplace
 Management ethical code of conduct

Why is it Important for Business to have
values?
 High productivity
 Improved goodwill
 Increased profit
 Cordial relations(Hill, 2019)
Counter argument- there are companies which are
working well without ethics and earning high
profits(White, J , 2014).

Australian Ethical Values
 Equality
 No Gender Discrimination
 Formal Dialogues
 Clear Distinction between personal and
professional life.
 Collaboration