Values And Ethics In Management Philosophy

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SYNOPSIS
On
The Role of Values & Ethics on Management Philosophy
A CASE OF BOTH PUBLIC & PRIVATE SECTOR ORGANIZATIONS

By
Muhammad Fahad

Supervised By
Gulfam Khan Khalid

Submitted in partial fulfillment of the requirements
For the approval of thesis of Master of Science in Business Administration (MSBA)

At
Department of Management Sciences
National University of Modern Languages
Islamabad-Pakistan
April 2014
The Role of Values & Ethics on Management Philosophy
.
1.0 Introduction & Background
In this modern era of technology and advancement, corporate/ Public & Private institutions are more focusing on productivity and constant growth through adapting different management styles and philosophies in order to hold strong their grip on market fluctuations and existence. They are working on more diversified concepts of management philosophies along with other factors that have influence on both Public & Private sector organizations.

According to (Laurent, 2012) the term Management can be confusing; it refers at the same time to a director’s function, company hierarchy or positions of authority. It can be a social status and a practice. “Management’s business is building organizations that work. Underneath all the theory and the tools, underneath all the specialized knowledge, lies a commitment to value creation, to performance”. Philosophy, broadly speaking, is a reflection on life, the nature of the universe and the relationship of the human within it. An identifying feature of philosophy is the passion of thought, what this brings to the search for truth in the way that human beings should relate to the world around them. Philosophy is an attempt to clarify our relation to the world and how to live accordingly, through ...

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...ndistinguishable from work satisfaction or simply attitudes to work. The work ethic is that people who demonstrate high values on these characteristics are somehow more effective or productive and consequently more valuable as employees and managers (Frank & S. Antonio, 1995). The efficient and constructive use of time is consistent with a strong work ethic and it has been long understood that improved performance is inexorably linked to efficient use of time (Raymond, Kimberly, Cheryl & Charles, 2010).

7. Leisure Ethics:

It is a core which seems to approximate to the moral core found in the writings around the sustainability movement (Mike, Celia & Cheltenham). The leisure ethic which sees recreation rather than work as the main means to the personal fulfillment and have found it to be related to occupational status, age and nationality ( Adrian & Maria, 1987).

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