Given managerial values, professional or industrial values, values are identified as a set of expectations that each field (profession) should meet. It is what has been agreed upon as principles or decisions that guide actions in a field. Some values are universal while others are set aside by a company in a particular industry- mostly as their virtue.
Luthans Doh’s book of “Role in Culture”, Part two explains the fact that, the major dimensions in the study of culture is a value. It describes values as the basic conviction people have regarding what is right or wrong, good or bad, important or unimportant.
Unlike the value of the industry, One’s professional value can change only when there is a change of profession or what the priorities of the person in question are. It should be observed that just like the industry, whenever there is a change of profession, there would be a change of priority because each profession has its principles, guidelines and virtues.
For example, a doctor should have as a priority of saving people’s lives. There should be a value of life. A Restaurant Manager may as well value his customers’ lives by ensuring that food is prepared of standard and the services offered are of quality but he will be more interested in his business turnover and developing a strategy to retain each customer who visits his restaurant – a sense of what is term priority.
The industry as a whole may as well have a changed value over time, but this is not a day’s game. It is true that we are in a changing economy.
For example, the technological world is a good example of an industry where values are being modified. New priorities are stipulated every day and are just placed above the existing ones.
It should be noted that Industrial activities are not as flexible as an individual’s profession. For example, the oil and gas industry will never get to value tobacco over what it produces. Given a sector, for instance; the banking sector, each organization in this particular sector may have stipulated values (Clients, Honesty, and Corporate Social Responsibility) a little different from each other, but they have similar activities.
Another good example to prove that industries are trying to get a modified value is the healthcare services, where some of the defining characteristics of this industry have already begun to take shape. This healthcare industry has realized the negative impact of their value proposition on the health of their institutions and the individuals, communities and nations they serve.
As a result, leaders in this industry are strongly moving innovation into the core of their businesses and services models, not to achieve incremental change but to change their ways of reasoning about the services they offer.
Sources
Luthans Doh, Part Two – The Role of Culture, 2005, The McGaw Hill Companies, February 22, 2014, « http://www.unice.fr »
Deloitte Touche Tohmatsu, The Mutual ADI of the future - Develop a concept of mutuality that focuses on social entrepreneurship, whilst sharpening the member value imperative, 2003, February 24, 2014, « http://www.deloitte.com»
