How are values best described in an organizational setting?

In an organizational setting, values are best described as principles that reflect the moral foundations and guiding ideologies of the organization. These values are essential because they shape the culture and climate of the workplace, influencing how employees interact, make decisions, and align their behavior with the mission and vision of the organization.

Values create a framework for ethical decision-making and help establish a consistent approach to conducting business. For example, an organization that values integrity will foster a culture where honesty and accountability are paramount. This foundational aspect of values helps to instill trust among employees and with external stakeholders.

Short-term goals, regulatory compliance, and profit motives, while important aspects of business operations, do not capture the essence of values. Short-term goals focus on immediate outcomes rather than the overarching principles guiding the organization's actions. Regulatory compliance is about adhering to laws and regulations rather than embodying ethical standards and beliefs. Profit motives relate to financial objectives and shareholder value, which can sometimes lead to compromises on values unless ethically framed within the organization's guiding principles. Thus, describing values as principles reflecting the moral foundation and guiding ideology captures their significance and role within an organization.