Values | Types, Importance & Examples - Lesson | Study.com (2024)

Values can be broadly categorized into two. Personal values are values relating to human personality development, and such values include integrity, honesty, and loyalty. Another category is the collective values associated with group solidarity or societal norms of justice, sociableness, and solidarity. These traits also established the ethical values expected of individuals within the society. There are also four major detailed value categorizations as elaborated below.

Terminal Values

According to Rokeach, terminal values are the ultimate goals individuals or groups intend to achieve. Rokeach was a popular psychologist who extensively studied personal values. Terminal values include a sense of accomplishment, worldwide peace, self-respect, and family security. These values are usually the results or the state people intend to attain. In a group's or an individual's value system, terminal values are the highest ranked ideals. These values influence other values related to decisions made by an individual to achieve the desired condition.

For instance, people who wish to attain a sense of accomplishment through wealth must prioritize values and life choices aligned to gaining wealth. Terminal values are considered the most important values as they determine strategies of people's duties and virtues. Terminal values are the most stable and predictable as they rarely change over time.

Instrumental Values

Rokeach describes instrumental values as specific modes of behavior that help an individual to achieve the desired purpose. Preferred personal character traits make up most of the instrumental values. Independently these values are not a goal but rather a method through which the end goal is achieved. Examples of instrumental values include self-control, honesty, sincerity, and ambition. The values are not useful to the individual as they are, but an individual can achieve a higher goal with them.

Instrumental values are closely linked to terminal values, as without these values, the desired goals cannot be achieved. For example, if someone wants self-accomplishment or wealth as the ultimate goal, they cannot achieve such a goal without determination or courage. Mist crucial thing about instrumental values is that they direct people in determining how they should behave when pursuing their goals.

Dominant Values

Dominant values were studied by philosopher Eduard Spranger and are closely related to people's personalities. These are the major values and can be seen as stronger or more present in a person. The values shape personal beliefs and perceptions of the world. Dominant values are also the beliefs that are widely shared among a group, culture, or group. In more applicable terms, an employee can have several values, such as honesty and loyalty. Both are acceptable traits and outline good behavior.

However, if such an employee witnesses the supervisor engaging in malpractice, the employee will have to choose between whistle-blowing or staying loyal to the supervisor and not saying anything. Dominant values come to play whereby if honesty is the dominant value, the employee will report the case and sacrifice their loyalty to the supervisor. However, if loyalty is the dominant value, the employee will choose to protect the supervisor. Dominant values are usually superior when there is a conflict of values.

Cultural Values

Cultural values provide for the main principles that society or community acts upon. The cultural values establish a harmonious association between people who shares these principles. In other words, cultural values establish what a community believes is fair, right, and just. However, cultural values sometimes create conflicting value, given that it is based on a collection of people with different personal values. An example is American cultural values based on individualism and hard work.

There are also individuals within the American culture with values aligned with charity and benevolence. These personal values can conflict with what is generally seen as the entire society's beliefs. Other aspects of cultural values arise from customs and traditions passed down to generations. Such can include how people talk, religious beliefs, dress code, and music. Over time due to globalization, intercultural interactions and cultural values have been shared, and gradually, distinctions in cultural values are continuing to blur.

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Values | Types, Importance & Examples - Lesson | Study.com (2024)

FAQs

Values | Types, Importance & Examples - Lesson | Study.com? ›

Examples of values include honesty, integrity, kindness, generosity, courage, and confidence. These values help individuals determine what is desirable or undesirable for them.

What are the 5 personal values and their importance? ›

What are the top 5 core personal values? There are a few common values that are prioritized by people across the globe. These include values such as kindness, honesty, loyalty, responsibility, and courage.

What is the meaning types and importance of values? ›

A person's values are their code of conduct, behavior, beliefs, and principles they live by. Several factors, such as environment, family situation, and locus of control, can affect our values. Values tend to be permanent and important, act as a moral compass, are closely linked to our personality, and are subjective.

What are the 5 basic values? ›

The Human Values of Love, Peace, Truth, Right Conduct and Nonviolence are latent in every human being, they are our very natural and true characteristic.

What are the four importances of values? ›

Human values are expressed or described in several ways, and, I would like to briefly take you through what is considered the four “Rs” of human values. They are, “respect”, “recognition”, “reward”, and “relationships”. Respect, first of all, has great importance in everyday life because it is something that is earned.

What are your three most important values? ›

The top three values that many people worldwide share include family, honesty, and respect. Family is often cited as one of the most important values in life because it provides a sense of belonging and security. Having a loving family to turn to can help bring stability, joy, and comfort.

Which five values are the most important to you? ›

My five most important values are respect, honesty, integrity, compassion, and empathy. Respect is an essential value to me because it is a sign of mutual understanding and acceptance. It is important to me that others treat me with respect, and I strive to treat others with the same respect.

What are the 7 types of values and examples? ›

The seven core values include honesty, boldness, freedom, trust, team spirit, modesty, and responsibility. These values are crucial for any interaction and creating a connection with the outside world.

What are the three 3 kinds of values? ›

The Three Types of Value
  • Utility Value. This kind of value is probably the easiest to understand and quantify. ...
  • Status Value. A more subtle, but more powerful type of value is status. ...
  • Sentimental Value. The most intangible, yet powerful form of value is sentimental.
Feb 26, 2019

What are the four types of values list and explain? ›

The four types of value include: functional value, monetary value, social value, and psychological value. The sources of value are not equally important to all consumers. How important a value is, depends on the consumer and the purchase.

What are your personal values and why are they important to you? ›

Personal values influence your behaviors, relationships, and everyday life. They guide you through important decision-making, influence personal development, and carve your ideal career path. Everyone has a unique set of values. What matters to you might not align with your friends and coworkers.

What is the importance of personal values? ›

They inform your behaviors and understanding of right and wrong. They help shape how you think, act, and feel. And ultimately, your values help you find happiness and purpose in life. What you do with your career, personal life, and relationships relies on your values.

What is the importance of values? ›

Values are the beliefs that motivate people to act a certain way. For example, people who value honesty tend to be on time and like to spend their time with other honest people. Values help to guide an individual's behavior and can help companies to determine whether they're achieving their goals.

What are your core values? ›

Core values are personal ethics or ideals that guide you when making decisions, building relationships and solving problems. Identifying the values that are meaningful to you can help you develop and achieve personal and professional goals. It can also help you find jobs and companies that align with your ideals.

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