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How can Schwartz's theory of basic values inform talent management?

Schwartz's theory has defined ten universal human values that can also be seen as basic needs, underlying and driving much of what we do.

When we consider our values, we reflect on what is important to us. Each person holds different values, such as achievement, security, and kindness. These values can vary in significance, a specific value could be less important to someone while being very important to another. 

The value theory presents a framework of values that outlines the main features found in the works of various theorists.

  1. Values are beliefs. However, they are not objective or impersonal ideas; rather, they are deeply rooted in emotion.

  2. Values are the desirable goals that motivate individuals to take action.
  3. Values transcend actions and situations, setting them apart from norms and attitudes that typically relate to specific activities, objects, or contexts.
  4. Values act as standards or criteria, guiding the selection and evaluation of actions, policies, people, and events.
  5. Values differ from norms and attitudes due to their hierarchical structure; they are ranked based on importance or priority.
 

All values share these characteristics, but their differences lie in the goals or motivations they express.