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Values Education in Production Services Network (PSN)
By Dr Bill Robb

 

 

Values education in commercial companies is increasingly being recognised as being good for business. In other words being good (being ethical) is good for business. However, many senior colleagues I meet in industry like being good because it is the right thing to do.

Production Services Network (PSN) an Aberdeen-based international oil services company urges its executives and employees to act according  to seven core values. In it’s Network Newsletter, Issue 7 2008, is this statement:

 

 

“Our core values are the guiding principles, under which we operate. Faced with difficult decisions, we choose options that best meet our core values”. 

The core values are:

  • Health and safety
  • People
  • Localisation
  • Innovation
  • Relationships
  • Financial responsibility
  • Integrity

Of course, a list of values is only the beginning of values education The values have to be explicated. This means that the lofty sounding words have to be translated into everyday actions which show people what is “good” and bad” behaviours. 

PSN does this. For example under “Integrity” it explains that “we act openly and honestly – our code of ethics sets the minimum standard for our behaviour”. Also listed under this value are doing the right thing even if it affects our business prospects in the short-term and complying with local rules and regulations. This recognition of possible short-term “pain” for long-term gain is basic in values education. 

Under the value of “People” we find other values of treating each other fairly with honesty, compassion and respect. Under “Health and Safety” you’ll find an explanation that makes clear that “safety is at the heart of everything we do … to watch an unsafe act and do nothing is unacceptable”. 

Do you believe it?

Many people I speak to believe that values statements are just words and a pretence to “show what good guys we are”. We all know the saying – the best way to judge the character of the person is not by his/her words but by the way he/she acts. In a conversation with a senior executive at PSN, it was explained that the company refuses lucrative contracts in certain parts of the world because it deems the risk to its people as being too high. 

Of course values education involves much more than just a list of values and an explanation of them. Values education, and the benefits that can be gained from it involve people in discussing, debating and arguing, what is right in specific business situations. Read more of the articles on ethics education to gain further insights into this.

Your comments on this article are most welcome. Send them to info@valueseducation.co.uk. Dr Bill would be happy to talk at your next conference or event and share more insights into the fascinating field of values education. Contact him on bill.robb@valueseducation.co.uk

Copyright © 2008 Values Education Ltd
Note to editors. Feel free to use this article as long as the following details are retained. “A values education article from CAVE  www.valueseducation.co.uk
 

 
 

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© Copyright 2009 Values Education Ltd  Last Update 17 Feb 2009