Have you ever thought why we behave the way we do? Or what is the basis on which we take our important life decisions? Well, a lot of it has to do with the kind of upbringing we have had, our experiences in life, and what all we have learned from them.
It is on the basis of our experiences as well as our upbringing, our grasp of things around us, that helps us formulate our own personal values. It is these values that guide us when we are taking some decisions or behaving in a particular manner in our lives.
Organizations too, these days, are guided by a set of their own core values. Although profit-making is the main motive of all businesses, following certain values is equally important for them to maintain their goodwill in the market. Let us try to know a bit more about these personal as well as organizational values.
Our personal values are mostly formed in our childhood and are greatly influenced by our parents and teachers. It is only in our childhood that we learn through our elders and also through observation of things around us about what is right and what is wrong.
Later, when we grow a bit older, perhaps when we are in our teens, our friends too have a great influence on us. At that particular time in our lives, our old values formed from childhood might even get replaced by some new ones.
An organization will work very efficiently by optimally utilizing all its resources. Thus, efficiency plays a big role in business ethics.
There is no standard set of beliefs, be it personal or organizational, as what is right for one person/organization might be wrong for another.
However, as all our major decisions are based on our beliefs, our development and success in life is largely determined by them too. So a lot of thought, care, and caution should be thrown in to form personal values of our own.