value (noun, val-ue, \ ˈvæljuː \) system (noun, sys-tem, \ ˈsɪstəm \)
Definition: is a unified set of values that are adopted by a person or incorporated by a company or society and that have a tendency to change and evolve over time. A value system dictates the behavior of the entity in question and is behind most decisions made by an individual or organization. Values can exist on various levels including personal, cooperative, organizational, and cultural. An appropriately built value system can help improve a company’s performance and atmosphere, gain the respect from its competitors and customers, and lead to financial success.
In a Sentence:
- Tesla has such an appealing value system that I couldn’t resist buying a car from them.
- If a manager’s value system is similar to one of his employees, there’s a greater chance for a productive collaboration between the two parties.
- The traditional value system of Lion TC has made it difficult for female employees to rise to the manager’s position.
Synonyms and related words: moral code, rules of conduct, company policy, good faith, corporate culture
