Takeda Pharmaceuticals: Corporate Values

The organizations values are to reflect the mission statement as closely as possible. They describe the core qualities of the organization as well as the actions and behaviors towards clients, employees, partners, community members, etc. The values that my organization will employ and portray are those showing the honesty, integrity, dedication, and loyalty to the clients, workers, and community. They will also portray the value of the employees to the successful treatment of the clients. The values will show the level of skill, knowledge, and expertise that the employees possess. Honesty is an important value to have because if a client knows the staff and organization is truthful the success rate will greatly increase because of its creditability. Conveying a strong value of honesty to clients as well as everybody else involved with the organization provides stability and admiration to the organization and the employees, showing a client who has severe trust issues that he or she can trust the staff who in the beginning is complete strangers that he or she will be able to build their trust issues with other people

our companies. Values are the beliefs of what are most important to us in our lives. Ethics

Corporate values are ‘the operating philosophies or principles that guide an internal conduct of the organization and its association with its clients, partners and shareholders’. It is also a fundamental and long-lasting belief that specific mode of conduction highly valued by the organization’s membership’ according to IBM corporate responsibility report (2002, What is the value of company).

Values and ethics are essential in the workplace. It establishes how a company is run and remains profitable. Leaders are the key to demonstrating and creating the organization’s culture, ethics and values. It has to start at the top of the organization including the Chief Executive officer, board and owners. Leaders’ internalization and manifestation of the values in how they operate have a great influence on the employees. Every organization must start with a foundation, a code of conduct, code of ethics and a statement of values ( Ferrell, O.C., John Fraedrich, and Linda Ferrell).

It is important that you develop an awareness of what you value, as these values will be important in informing your relationships with clients, co–workers and employers.

For this assignment, this writer chose to analyze the CVS Caremark organizational values statement. According to a public relations specialist, the creation of the shared values statement was a joint endeavor by a select group of CVS top executives, specifically, the company vice presidents, under the guidance of Larry Merlo (Brown, W., personal communication , May 17, 2016). In analyzing the CVS value statements, it appears that the sentences represent specific actions that reflect the company’s core values. The words “passionate, relentless, innovate, work as a team” provides information about how the organization operates and shows the principles and ethics to which the organization adheres.

The book Giving Voice to Values (GVV) by Mary Gentile offers advice and skills to the reader on how to speak their minds in the workplace. The author confronts the ethical dilemma that people typically have and approach it in a different format than the conventionally taught business ethics. In her book, Gentile even gives her reader practical examples of real-life situations that CEOs, managers, and students who have faced challenges in speaking their values. Additionally, she concludes her book by suggesting her readers to practice GVV skills in their workplace and to help support other who is having a challenging time voicing their values.

Values and norms that could encourage internal stakeholders to operate in an ethical manner, is the installation of positive values, and the discouraging of negative influences that could adversely affect conduct. Values are what shape everyone, some have a strong moral compass, while others don’t see anything wrong with delving into the grey areas. Roy Disney said “It's not hard to make decisions when you know what your values are.” (Roy Disney)

Values often use modified methods and styles; I have utilized these different ethics in my career, which has aided me in improving, the environment at work and in my life. Having these particular skills of approaching situations causes an optimistic environment, respect for others, honesty, and reliable outcomes. I have had the comfort of knowing whether, you’re working or at home or out in public, individuals appreciate this kind of merit. These values cause high points in your character with families, patients and your colleagues. Real richness comes from knowing you’re assisting patients with top-quality care, and these goals are obtainable. Identification of these values prepares an

An essential component of leadership is to articulate and exemplify the organization's core values. These values must be clear, compelling, and repeated. The leader must both "walk the talk" and inspire his/her colleagues within the organization to also live these values. Values are at the core of individual, group or organizational identity. Values are relatively enduring conceptions or judgments about what is considered to be important to an organization. Agreement between personal and organizational values result in shared values which constitute the benchmarking of a successful business practice.

Management researchers seem to agree that the things that companies do called "corporate culture" is an intangible concept and hence difficult to define. Among the attempts to define "corporate culture", the following definition is useful as a starting point:- "culture represents an interdependent set of values and ways of behaving that are common in a community and that tend to perpetuate themselves, sometimes over long periods of time" (Kotter and Heskett,1992,141) Peters and Watermann argue that changing a culture cannot be accomplished.

When a business decides to venture internationally into different countries with its products, services, and operations, it is very important that the company gains an understanding of how the culture of the different societies affects the values found in those societies. Geert Hofstede conducted one of the most famous and most used studies on how culture relates to values. Hofstede study enabled him to compare dimensions of culture across 40 countries. He originally isolated four dimensions of what he claimed summarized different cultures — power distance, uncertainty avoidance, individualism versus collectivism, and masculinity versus femininity (Hill, 2013, p.110). To cover aspects of values not discussed in the original paradigm Hofstede has since added two more dimensions — Confucianism or long-term orientation and indulgence versus self-restraint (Hofstede, n.d.). Because of the way Hofstede’s cultural dimensions are given an index score from 0-100, it is easy for a company to get a general comparison between the cultures they are expanding into and the culture they are already in.

The competing values framework represents a theory, based on the crucial indicators of an effective organization. It revolves around four major components of organizational culture, which measure the organization's leadership style, institutional bonding, strategic emphases and general cultural characteristics. Leaders and managers benefit from this conceptual framework as it offers teaching tools and helps interpret various organizational functions and processes. In order the examine the organizational culture more in depth, this framework has been extended (Quinn and Kimberly, 1984, p 298). They identified the two main dimensions upon which the competing values framework of cultured is based : the competing demand of change and stability, and the conflicting demands created by the internal organization and the external environment. These dimensions were reflected by other scholars as Thomson

An individual’s effectiveness in the workplace often depends on his/her personality, attitudes and values, along with his/her motivation to succeed. Concurrently, the perception, attitudes and values of colleagues in the workplace play a role in determining the individual’s effectiveness. Understanding these characteristics of employees can be very crucial for organizations to operate successfully. At the same time, it is essential that employees understand the values associated with the organization in order to avoid any conflicting feelings toward the work they are employed to do. By recognizing and appreciating each other’s characteristics and constraints, employees and the organizations they are part of, form a highly-beneficial

Business values can be defined as beliefs of an organisation, they are “the context in which an organisation’s norms are established and justified” (Nieuwenhuizen & Oosthuizen, 2014, p.95) therefore compel one to think about issues such as honesty, loyalty, morality etc.