Define Values. Critically evalutae “Allport – Vernon” Classification of values. How values affect the Business processes. Values : According to Milton Rokeach 1973‚ Values represent basic convictions that ’a specific mode of conduct or end-state of existence is personally or socially preferable to an opposite or converse mode of conduct or end-state of existence’. Value system : A hierachy based on a ranking of an individual’s values in terms of their intensity Types of values include ethical/moral
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Christina Santos ERWC Period 2 October 11‚ 2014 The Value of Life How should our society assign value to a human life? Should people assign a monetary value to a human life? In excerpts from radically different viewpoints from the optimistic Lance Armstrong to the pessimistic outlook of Hamlet‚ the tragic events of 9/11‚ to the cold Human Life Calculator readers are provided with examples on such thought provoking questions. Throughout the years‚ especially after the tragedy that occurred on September
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------------------------------------------------- FINC5001 Capital Market and Corporate Finance ------------------------------------------------- Workshop 5 – Capital Budgeting II 1. Basic Concepts Review a) In applying Net Present Value‚ what factors do we include‚ and what factors do we ignore? Use cash flows not accounting income Ignore * sunk costs * financing costs Include * opportunity costs * side effects * working capital * taxation * inflation
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Definition of Value at Risk (VaR) Value at risk is a statistical technique which measures the level of financial risk in a portfolio over a specific time frame. For example‚ if a firm states that it has a 1% one week value at risk of $5 million; this would mean that for any given week‚ the firm would have a 1% chance of losing $5 million. In order words‚ 1 out of every 100 weeks‚ the firm would expect to have a loss of $5 million. This can be viewed as the standard deviation of portfolio value during
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* * LO1: Delivering Value to Customers * * The Marketing Philosophy and its Relevance to Corporate Culture * Marketing philosophy: holds that achieving organisational goals depends on determining the needs and wants of target markets and delivering the desired satisfactions more effectively and efficiently than competitors. * Takes an outside-in perspective: * Starts with the well-defined market‚ focuses on customer needs‚ coordinates all the marketing
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Ethical values are important because they are based on ethics and morals. United States Department of Veterans Affairs is a very significant organization that helps veterans with their needs. For that reason‚ ethical values of this organization shows veterans that this organization cares for their interests and respects them. Each ethical value of this organization supports an idea of importance. Ethical values of this organization based on the idea that people can trust them and ask for assistance
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activities a firm performs to deliver value to its customers. The value chain model divides the generic value-adding activities of an organization into primary and secondary activities. An advantage or disadvantage can occur within any of the five primary or four secondary activities. Together‚ these activities constitute the value chain of any firm. The model can be used to examine the development of competitive advantage. By identifying the potential value to the company of separate activities
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his own life in order to save it. -Jean Jacques Rousseau VALUES When your values are clear to you‚ making decisions becomes easier. --Roy E. Disney Values – Beliefs of a person or social group‚ a set of emotional rules that people follow to help make the right decisions in life‚ to decide what is right and wrong‚ and how to act in various situations. ---Annemieke Cloosterman (http://www.mindstructures.com/2010/02/the-meaning-of-values/) ETHICS Ethics (or Moral Philosophy) is concerned
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Management by Values Values – comprise the things that are important to us. Asianizing’ Western Management Management in Asian Content 1. Tools of management remain the same. 2. Economic and business philosophy and paradigms are‚ however‚ different. 3. In search of management science and art suited to Asian condition‚ the following elements must somehow be combined. a. General management techniques b. Sectoral specialization c. Communal organization and management Business
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Values Congruence Values are something everyone posses. However‚ the level of these values range greatly from person to person and even person to company. Thus‚ the idea of value congruence comes into play for any or person or organization. Value congruence is “how similar a person’s value hierarchy is to the value hierarchy of the organization‚ a co-worker‚ or another source of comparison” altogether (McShane & Glinow‚ 2010‚ p. 49). To take it one step farther‚ there is a theory on value congruence
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