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SESSION 4 VALUES
Dr. Burak Oc | burak.oc@uwa.edu.au | Business School: 192
or
or
or
bad
wrong
immoral
VALUES
Value System
Hierarchical ranking of an individual's values in terms of their intensity
Relatively stable & enduring
Personal, shared or organizational values
VALUES
PERSONALITY TRAITS
what we ought to do
are opposed to another
more socialization
what we tend to do
do not oppose to another
more innate
VALUES
Importance for Organizations
Values are foundation of attitudes & motivation.
Values influence perceptions.
Values influence behaviour.
Instrumental values
Preferable modes of behavior
Means of achieving one's terminal values
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.
Terminal values refer to desirable end-states of existence. These are the goals that
a person would like to achieve during his or her lifetime. Instrumental values
refer to preferable modes of behavior, that is, the means of achieving the terminal
values.
TERMINAL VALUES
A comfortable life
An exciting life
A sense of accomplishment
A world at peace
Equality
Family security
Freedom
Happiness
National security
Self-respect
Social recognition
True friendship
INSTRUMENTAL VALUES
Ambitious
Open-minded
Cheerful
Courageous
Helpful
Honest
Creative
Independent
Intellectual
Logical
Loving
Obedient
Responsible
Times Change.
Unique values of different
cohorts/generations
GENERATIONAL VALUES
GENERATIONAL VALUES
Cohort
Entered the
workforce
Approximate
current age
Boomers
1965 1985
50s to 70s
Success
Achievement
Ambition
Loyalty to career
Generation Xers
1985 2000
Mid-30s to 50s
Work/life balance
Team-oriented
Dislike of rules
Loyalty to relationships
Millennials
2000 to present
To mid-30s
Confident
Financial success
Self-reliant but
Team-oriented
Loyalty to both self and
Relationships
SURFACE
DEEP
artifacts
values
assumptions
Hofstedes framework
Power distance
Individualism versus collectivism
Masculinity versus femininity
Uncertainty avoidance
Long-term versus short-term orientation
POWER DISTANCE
UNCERTAINTY AVOIDANCE