Essay about Values Based Decision-Making - 1416 Words

An individuals personal, organizational, and cultural values are the foundation of their personal and professional decision-making cycle. These values form the core of that individuals moral fabric, and his actions and decisions are predicated on those beliefs. Shalom H. Schwartz defined values as conceptions of the desirable that guide the way social actors (e.g. organizational leaders, policy-makers, individual persons) select actions, evaluate people and events, and explain their actions and evaluations (Schwartz, 1999, pp. 24-25). Because values drive the way individuals select actions, this paper will outline how my personal, organizational, and cultural values affect my decision-making. Personal Values Personally, I hold†¦show more content†¦When making decisions about my personal life, it is integral that I am honest to myself and to others. An example of this would be making a decision to take a vacation. While the vacation would be enjoyable, if I did not have the funds to pay for the vacation without using credit cards, I would have to be honest with myself and my family about the monetary situation and decide against the vacation. Professionally, it is critical to be honest because without the credibility of your superiors and subordinates, you are nothing. Any dishonest act, while perhaps having short-term benefits, is likely to reduce your credibility in the eyes of others. Once you have lost this credibility and trust, it is nearly impossible to regain it. In an insightful article in the Journal of Business Ethics, D. J. Fritzsche tested the hypothesis that certain instrumental personal values such as responsibility, honesty, and broadmindedness are associated with ethical decision-making (Fritzsche, 1995). In his study, Fritzsche surveyed 750 business managers in a series of vignettes. He found that while these core values can be a yardstick for ethical decision-making, not all three values can be used generically (Fritzsche, 1995). Fritzsche concluded that different value sets promoted ethical behavior in different types of ethical dilemmas (Fritzsche, 1995). The only consistent value he found through his survey was thatShow MoreRelatedValues Based Decision-Making Essay1372 Words   |  6 PagesAn individuals personal, organizational, and cultural values are the foundation of their personal and professional decision-making cycle. These values form the core of that individuals moral fabric, and his actions and decisions are predicate d on those beliefs. Shalom H. Schwartz defined values as conceptions of the desirable that guide the way social actors (e.g. organizational leaders, policy-makers, individual persons) select actions, evaluate people and events, and explain their actions andRead MoreThe Challenges Of Values And Ethics Based Business Decision Making852 Words   |  4 PagesThe challenges of values and ethics based business decision-making in the current global market place is creating a positive corporate culture that requires a strong conviction by its members by offering corporate values and ethics which are essential in running an effective business (Henle, 2006, p. 347). Additionally, due to the differences in cultural ethics globally organization ethical standards can be transferred universally when they are deemed as trustworthy, credible, economical, and reliableRead MoreAre The Most On Values For Making Decisions?811 Words   |  4 PagesI would rely the most on values for making decisions. 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