Values, Business Law and Ethics

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Values

Basic convictions or beliefs which are specific behaviors and out- comes are more desirable compare to others. Values are judgmental in which they include our ideas as to what is good, right, or moral. Values are very important in organizational behavior because they influence motivations, attitudes, and perceptions.  An individual's belief as to what ought and ought not to be will influence his/her behavior in the work- place and what he/she sees as acceptable and unacceptable management styles for example if you have a meritocratic value (i.e., people should be paid on the basis of performance and not on the basis of time served) you are likely to evaluate a pay system which is based on seniority as bad, wrong, and unfair.


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