Value Creation for Work Force
An organization culture should create a sense of commitment in the workforce. They must love their job and should be dedicated to their work. For this dedication a personal should feel as a member of family where there is no bounding but freedom and opportunity to develop him as well as the organization. In consideration of this view the management should take some steps as:
- Taking the initiative to implement a meaningful that address personal basis and values that foster harassment of individuals.
- Developing and implementing programment that strive to change behaviours not just attitude.
- Securing commitment from top management at all level of efforts.
- There should be no discrimination or degradation at multiple level of efforts.
- There should be no discrimination at multiple level of the structure in terms on pay and promotion.
- Proper alertness programmes should be conducted among women employees.
Value Creation for Investors and Share Holders
Shareholders and investors are company – owners. They expect proper return on their investment. So, the company should provide detail information regarding expenditure and overall performance of the company. Fair and ethical treatment should be provided to them in the following manner:
- The money invested by them should be judiciously used.
- No personal expenditure should form part of the investor’s money.
- The management should provide detailed information regarding expenditure.
- Proper return and dividends must be given.
Value Creation for Society:
Organization exists within the society and their members are come from the society. Every society has its own value and names. Similarly the organization has its own values and norms towards society. Here, business organizations are expected to play a leading role in solving the social problems. They should not create nuisances. Proper measures should be taken for disposal of industrial pollutants. They should take care of their physical and environmental problems also. Social obligations are to be properly discharged by the business organizations. So, that the society can develop at all level human task and performance.