Personal Value

(noun)

Personal Values provide an internal reference for what is good, beneficial, important, useful, beautiful, desirable, constructive, etc. Values generate behaviour and help solve common human problems for survival by comparative rankings of value, the results of which provide answers to questions of why people do what they do and in what order they choose to do them.

Related Terms

Examples of Personal Value in the following topics:

  • The Manager's Role in Ethical Conduct

    • Employees can more easily make ethical decisions that promote a company's values when their personal values match the company's norms.
    • Over time, the public expression of personal values has laid the foundations of law, custom, and tradition.
    • Personal values in this way exist in relation to cultural values, either in agreement with or divergent from prevailing norms.
    • To make ethical and moral choices, one needs to have a clear understanding of one's personal values.
    • Explain the role of personal values in influencing behavior in organizations

  • Political Values

    • Value theory encompasses a range of approaches to understanding how, why and to what degree people value things, whether the thing is a person, idea, object, or anything else.
    • A personal or cultural value is an extremely absolute or relative ethical value, the assumption of which can be the basis for ethical action.
    • As such, values reflect a person's sense of right and wrong or what "ought" to be.
    • Personal Values in this way exist in relation to cultural values, either in agreement with or divergent from prevailing norms.
    • Members take part in a culture even if each member's personal values do not entirely agree with some of the normative values sanctioned in the culture.

  • Value Neutrality in Sociological Research

    • Weber understood that personal values could distort the framework for disclosing study results.
    • While he accepted that some aspects of research design might be influenced by personal values, he declared that it was entirely inappropriate to allow them to shape the interpretation of the responses.
    • To do this, they must be conscious of their own personal values.
    • Is value neutrality possible?
    • Many sociologists believe it is impossible to set aside personal values and retain complete objectivity.

  • Values as Binders

    • Values reflect a person's sense of right and wrong, or what "ought" to be.
    • A value system is a set of consistent personal and cultural values used for the purpose of ethical or ideological integrity.
    • As a member of a society, group, or community, an individual can hold both a personal value system and a communal value system at the same time.
    • Members take part in a culture even if each member's personal values do not entirely agree with some of the normative values sanctioned in the culture.
    • Compose a scenario which illustrates a potential clash between personal and cultural/societal values

  • Defining Values

    • Personal values can be influenced by culture, tradition, and a combination of internal and external factors.
    • Since values often strongly influence both attitude and behavior, they serve as a kind of personal compass for employee conduct in the workplace.
    • A person will filter all of these influences and meld them into a unique value set that may differ from the value sets of others in the same culture.
    • Values are thought to develop in various stages during a person's upbringing, and they remain relatively consistent as children mature into adults.
    • This person may therefore be a more efficient employee and a more positive role model to others than an employee with opposite values.

  • How Values Influence Behavior

    • If a person values honesty, then he or she will strive to be honest.
    • The relationship between values and behavior is intimate, as values create a construct for appropriate actions.
    • While a company cannot do anything about the influences that shape a person's values and behavior before hiring, the organization can try to influence employee behavior in the workplace.
    • In addition, a gap sometimes exists between a person's values and behavior.
    • This decision can be influenced by how deeply this value affects the person's character and by the surrounding environment.

  • Value Contradictions

    • Although various values often reinforce one another, these clusters of values may also include values that contradict one another.
    • That is, as a member of a society, group, or community, an individual can hold both a personal value system and a communal value system at the same time.
    • In this case, the two value systems (one personal and one communal) are externally consistent provided they bear no contradictions or situational exceptions between them.
    • People whose personal values conflict with communal values may try to change communal values through protest.
    • Individuals may have inconsistent personal values.

  • Values

    • Values are general principles or ideals upheld by a society.
    • Values reflect a person's sense of right and wrong, or what "ought" to be.
    • Different cultures reflect different values.
    • Different cultures reflect different values.
    • Members take part in a culture even if each member's personal values do not entirely agree with some of the normative values sanctioned in the culture.

  • Personal Space

    • Personal space is the region surrounding people that they regard as psychologically their own.
    • An example of the cultural determination of personal space is how urbanites accept the psychological discomfort of someone intruding upon their personal space more readily than someone unused to urban life.
    • Living in the city alters the development of one's sense of personal space.
    • Most people value their personal space and feel discomfort, anger, or anxiety when that space is encroached.
    • Permitting a person to enter personal space and entering somebody else's personal space are indicators of how the two people view their relationship.

  • The Weightings

    • If the person analyzing a company chooses or if the market value of a company's debt and equity is not available, the book value can be used.
    • Market value also requires the element of "special value" to be disregarded.
    • Book value refers to the value of an asset according to the account balance present on the balance sheet of a company.
    • An asset's initial book value is its actual cash value or its acquisition cost.
    • If the person analyzing a company chooses or if the market value of a company's debt and equity is not available, the book value can be used.