Taxonomy of Value Development - How to Classify Values for Application in Business?

24th World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2020): Proceedings. Vol.3 2020
Enno Ence, Elīna Gaile-Sarkane, Evita Štrausa

The article reflects the historical development of values, and the authors also review the formation of company values within companies. Analyzing company values, the authors of the article reflect the company’s value formation model, distinguishing three types of values: core values, espoused values un active values. Methodology: In order to achieve the objective of the study, literature study and systematic literature analysis were applied. In-depth expert interviews were conducted to verify the results, identify the actuality of the object of the article – whether values are important in business development and the active values and actions of employees are determined by their subjective values, which can be managed by developing employees’ understanding of the company’s values.

Keywords
Values, Marketing, Company values, Values history, Human values
Hyperlink
http://www.iiis.org/CDs2020/CD2020Summer/papers/SA920XC.pdf

Ence, E., Gaile-Sarkane, E., Štrausa, E. Taxonomy of Value Development - How to Classify Values for Application in Business?. In: 24th World Multi-Conference on Systemics, Cybernetics and Informatics (WMSCI 2020): Proceedings. Vol.3, United States of America, Virtual Conference, 13-16 September, 2020. Winter Garden: International Institute of Informatics and Systemics (IIIS), 2020, pp.54-58. ISBN 978-1-950492-45-9.

Publication language
English (en)