• Collective conceptions of what is considered good, desirable, and proper or bad, undesirable, and improper in a culture.
  • Concepts or beliefs that guide how we make decisions about and evaluations of behaviours and events.
  • “A specific mode of conduct or end-state of existence is personally or socially preferable to an opposite or converse mode of conduct or end-state of existence.”

Where does our value system come from?

A significant portion is genetically determined. The rest is attributable to factors like national culture, parental dictates, teachers, friends, and similar environmental influences.

Characteristics of the values system

  • Different for each person
  • These are relatively permanent
  • These are more central to the core of a person
  • Personal values can be influenced by culture, tradition, and a combination of internal and external factors.

Importance of values

  • They lay the foundation for the understanding of attitudes and motivation because they influence our perceptions.
  • Individuals enter organizations with notions of what is right and wrong with which they interpret behaviours or outcomes
  • Values generally influence attitudes and behaviour.

Types of values

Instrumental values (how you want to live your life)

  • These are preferable modes of behaviour.
  • These are traits that an individual considers in achieving one’s goals and desired outcomes.

Terminal values (what you want to achieve and experience in life)

  • These are desirable end-states of existence.
  • This is a goal a person would like to achieve in/during a lifetime.

Examples