Values are different for each person.
These can be defined as ideas or beliefs that a person holds desirable or undesirable.
The variability in that statement is, first, what a person could value, and second, the degree to which they value it.
Values may be specific, such as honoring one’s parents or owning a home or they may be more general, such as health, love, and democracy. ‘Truth prevails”, “love thy neighbor as yourself, “learning is good as ends itself are a few examples of general values.
Individual achievement, personal happiness, and materialism are major values of modem industrial society.
It is defined as a concept of the desirable, an internalized creation or standard of evaluation a person possesses.
Such concepts and standards are relatively few and determine or guide an individual’s evaluations of the many objects encountered in everyday life.
The characteristics of values are:
- These are extremely practical, and valuation requires not just techniques but also an understanding of the strategic context.
- These can provide standards of competence and morality.
- These can go beyond specific situations or persons.
- Personal values can be influenced by culture, tradition, and a combination of internal and external factors.
- These are relatively permanent.
- These are more central to the core of a person.
- Most of our core values are learned early in life from family, friends, neighborhood school, the mass print, visual media and other sources within the society.
- Values are loaded with effective thoughts about ideas, objects, behavior, etc.
- They contain a judgmental element in that they carry an individual’s ideas as to what is right, good, or desirable.
- Values can differ from culture to culture and even person to person.
- Values play a significant role in the integration and fulfillment of man’s basic impulses and desire stably and consistently appropriate for his living.
- They are generic experiences in social action made up of both individual and social responses and attitudes.
- They build up societies, integrate social relations.
- They mold the ideal dimensions of personality and depth of culture.
- They influence people’s behavior and serve as criteria for evaluating the actions of others.
- They have a great role to play in the conduct of social life. They help in creating norms to guide day-to-day behavior.
The values of a culture may change, but most remain stable during one person’s lifetime.
Socially shared, intensely felt values are a fundamental part of our lives. These values become part of our personalities. They are shared and reinforced by those with whom we interact.
Since values often strongly influence both attitude and behavior, they serve as a kind of personal compass for employee conduct in the workplace.
These help to determine whether an employee is passionate about work and the workplace, which in turn can lead to above-average returns, high employee satisfaction, strong team dynamics, and synergy.