This paper will identify my top five values and how they are used in business decision making. Examples will be given to explain the personal foundation of the values and justification as to why the corresponding values were place at their respected position on the list.
Values Used in Business Decision Making
Values have an influence on how we make decisions in our personal and professional lives. It is a difficult task to narrow the list of values to the top five. However, this paper will identify my top five professional values and their influences on my business decision making process. Examples will be given to explain the personal foundation of the values and justification as to why the corresponding values were place at their respected position on the list.
In the attempt to narrow the field to the top five values, I researched the definition of values so I could properly identify what my professional values were and their influences. According to Fukukawa, Shafer, and Lee (2007) values are characterized as "the determinants of specific attitudes and behavior" (p. 383). Keeping this in mind, my list became very long. After careful consideration and thought, the field was narrowed down to the following top five professional values: religion/spirituality, family, integrity, loyalty, and personal growth. Value One Religion/Spirituality
Religion/spirituality keeps me grounded. I was raised in the church and whenever there are situations that I must address, I turn to religion/spirituality. Knowing decisions I make will affect those around me, some more than others, I try to make the decision that I can live with both in this life and the after life.
While working at my present job, I have often been given the task of making a decision that affects the employee. For example, for the pass six months, the company I am currently working for begin reorganization and downsizing. This has placed an enormous amount of stress on the employees, to include myself. Prior to the reorganization and downsizing, the managing consulting firm informed upper management that there is a possibility of this taking place within the next several months. The rumors started at that point. A training consultant that I supervised requested a meeting with me to discuss the rumor. The employee asked if she should take a position that she was offered at another company or stay with this organization and if she stayed with the company could I guarantee her position was safe from downsizing. I knew her position with this organization was not safe, however, I was advised by the managing consulting firm that I could not divulge the information about the downsizing and reorganization at that time. Before the meeting I prayed for guidance. I knew I could not guarantee her position was safe, nor could I make the decision for her to take the new position. I had to live with my decision in this life and the next. I informed the employee to make the decision that she would be comfortable with, one which will be best for her career and to consider all the possibilities, even the rumors whether true or not. I am able to live with providing this guidance. I did not violate any rule of the organization and I was able to do unto others as I wish done unto me. Value Two Family
Your upbringing is important especially when it comes to your perception of right and wrong. In an article by Badaracco and Webb (1995), states "the most important source of ethical wisdom was the family, particularly the young managers' parents" (p. 19). I agree, for the reason that my mother was the guiding strength for me. My mother was a strong black woman, who raised nine children with the assistance of my grandparents and community elders. I was taught that you will get punished for what you have done wrong whether you were caught or not. Not only will you get punished, you will also have to deal with the consequences of...
References: Badaracco, J. & Webb, A. (1995). Business Ethics: A View from
the Trenches. California Management Review, 37(2), 8-28.
Department of the Air Force (1997). United States Air Force Core
Values, Retrieved April 7, 2007, from http://www.usafa.af.mil/core-value/cv-mastr.html
Fukukawa, K., Shafer, W., & Lee, G. (2007). Values and Attitudes
Toward Social and Environmental Accountability: a Study of MBA Students. Journal of Business Ethics, 71(4), 381-394. Retrieved Thursday, April 12, 2007 from the Business Source Complete database.
Please join StudyMode to read the full document