Practical Operations Management
Practical Operations Management
2nd Edition
ISBN: 9781939297136
Author: Simpson
Publisher: HERCHER PUBLISHING,INCORPORATED
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Chapter 2, Problem 1DQ
Summary Introduction

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.

Expert Solution & Answer
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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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