Values define people’s motivation and their goals or aspirations in life. People cultivate their own self-interest and habits in order to create value in their life. Value is generally a set of ethical principles that leads to self-discipline.
Values help people have inspiring purposes and focus on goals. Defining values that a person lives by acts as a force behind motivation and productivity and commitment. They give direction.
Values are sometimes a natural behavior of the person or self-interest.
People look out for values when they involve themselves in collaborative projects so it’s important that a company should have its own set of values.
Companies can use societal and human values as a decision-making tool.
Clearly defined values help to identify and achieve the company’s mission and goals. People are driven by their cultural backgrounds while creating values. Some of the values are taken by the natural tendencies of the individual.
Jurgen Appelo has listed some of the important human values and virtues in his book ‘Managing for Happiness’.
Cultural differences do exist between generations within the same region. So people from different regions of the world are likely to have a different sets of values.
In any organization, it’s important to have clearly defined values at every organizational level. The values of a particular team are also an important part of the company’s culture.
Companies can have their own rules, policies, or simply their work culture and ethical values in their official handbook or cultural books.
Management can display their value stories on a value wall.
It’s not only important that management should define the values at different levels of company but also people should thrive to achieve and incorporate them in their lives.
A company can also have books and videos that clearly define and represent their team values and organizational goals and ensure that employees’ behavior reflects it.