Interpret:The range and inclusiveness of the coverage of the value statement by an organization.
Introduction:A value statement of an organization reveals to the members of society with whom it interacts; the standards and practices it will follow during the course of its operations. It is not a theoretical statement but an intention and declaration being made jointly by the entire team. It is, therefore essential that all the team members are on the same page.
Explanation of Solution
As already said, it is a declaration to the public (those who are, in any way connected with the organization). The public now has a right to expect the declared code of ethics being followed by the organization in totality.
Therefore, one part of the organization −say a partner or an official, cannot be seen to act differently.
Thus, the values need to be integrated and everyone must, essentially follow the same code.
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Chapter 2 Solutions
Practical Operations Management
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