Shared Values in an Organization: Definition & Explanation

Instructions:

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question 1 of 3

Shared values are an essential component of which type of organization?

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1. What's another common name for shared values?

2. Shared values help an organization in all of the following ways except

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About This Quiz & Worksheet

Shared values are organizational values that are usually developed by the organization's leadership and then adopted by the other members of the organization, and this quiz and worksheet combination will help you explore the key concepts of shared values within any given organization. The practice questions on the quiz will test you on the concept of shared values, what these values do for an organization, and where organizations record their values.

Quiz & Worksheet Goals

In these assessments, you'll be tested on:

  • What type of organization can benefit from shared values
  • Other common names for shared values
  • How shared values help organizations accomplish their goals
  • The characteristics of a Mission Statement
  • The risks involved in not maintaining shared values

Skills Practiced

This quiz and worksheet will allow you to test your skills in the following areas:

  • Reading comprehension - ensure that you draw the most important information on shared values within an organization from the related lesson
  • Making connections - use your general understanding of the concept of values in order to better grasp the concept of corporate, shared values
  • Defining key concepts - ensure that you can accurately define main phrases, such as mission statements and shared or core values
  • Knowledge application - use your knowledge to answer questions about shared values and how they aid organizations

Additional Learning

To learn more about shared values in an organization, review the accompanying lesson on this topic. This lesson covers the following objectives:

  • Define shared values
  • Discuss how shared, or core, values help organizations operate
  • Define a mission statement
  • Explore an example of shared values in a real-world scenario involving a bakery
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