Management and Organizational Studies 2181A/B Lecture 4: Chapter 4 Textbook Notes & Class Lecture (in red) & Case Study

• School: Western University
• Department: Management and Organizational Studies
• Course: Management and Organizational Studies 2181A/B
• Professor: Tony Francolini

Document Summary

Values: a preference or belief in how we should/should not behave. Values are very general, and not everyone holds the same values. Tendency to prefer one thing over another -> to prefer honesty over dishonesty (there is always an alternative) Can differ based on generations, religions, or social classes. Contrasting experiences can impact values: traditionalists 1922-1945, baby boomers 1946-1964, gen x 1965-1980, gen y (millennials) 1981-2000. Gen x/y have a tendency to value money, status, and rapid career growth. See work as less central than baby boomers, value leisure and work life balance: most people value respect but this means 2 different things for baby boomers versus gen x/y. How people perceive work depends also on culture: Japan perceives work as a central life interest this is called high work centrality (causes adjustment issues for foreign employees) Those with higher work centrality said they would continue to work despite wealth.