Values in business refer to norms that are culturally or organizationally accepted as guiding principles, defining appropriate behavior and goals. Virtues are innate human qualities like moral excellence and well-being that support achieving those values, but do not define organizational culture themselves. While values shape a group's goals and rules, virtues are characteristics of individuals that help reach those values in a principled way.
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The Relationship Between Virtues and Values
Values in business refer to norms that are culturally or organizationally accepted as guiding principles, defining appropriate behavior and goals. Virtues are innate human qualities like moral excellence and well-being that support achieving those values, but do not define organizational culture themselves. While values shape a group's goals and rules, virtues are characteristics of individuals that help reach those values in a principled way.
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the relationship
between virtues and
values the relationship between virtues and values A value in the business sense usually refers to a culturally or organizationally accepted (or promoted) norm. Values are often espoused as the ‘moral compass’ for an organization - the widely accepted ways of behaving that link to, or drive, business output or conduct. Workplace values help define the boundaries, or rules, for people’s behavior. As such, organizational values become part of the goals of the organization. If values are the goal, virtues are the way to get there. A virtue is a characteristic of a person which supports individual moral excellence and collective well being. Such characteristics are valued as a principle and recognized as a good way to be. Virtues are innate good qualities or morals within people. In this way, they are characteristics of people but they do not define organizational or collective culture. In other words, values reflect what is acceptable in terms of culture, but virtues reflect individual human characteristics.