Describe the importance of organizational values to the deve

Describe the importance of organizational values to the development of an etchical culture

Solution

The importance of organizational values has grown in today’s modern era than ever before. Organizational values inspire employees as well as costumers of the organization. Organizational values are the best marketing tool as these positively impact the organizational growth in the long run by attracting potential customers and retention of existing buyers.

Musek Lešnik (2006) says that organization is just like a human; it makes decisions, does what it thinks its right, has legal limitations on what it can do, has moral limitations, Cerates and implements its own rules and beliefs, it advances on the basis of its decisions, creates myths, legends and habits and so on. We can say that organizational values are integrated into personality of a company thus playing a similar role as values do in lives of individuals; directing behavioral patterns which affects the organizational culture in the organization and its impact outside, influencing relationships within the organization and influencing how company perceives its customers, suppliers and competition. Weaker perceptions of ethical culture coincide with increases in observed misconduct. When workforce has positive perception of the ethical values, the observation of misconduct decline. It is the organizational culture which instills confidence, motivation and goal oriented approach in the mind of the workforce.