Shared values:
A)are essential for an organization that aims to increase its employee turnover rate.
B)act as the framework in which activities of employees are coordinated to reduce absenteeism.
C)are formal and informal procedures that govern every day activity of the managers of an organization.
D)act as guiding parameters for strategic planning.

Question

Quizplus · Accepted Answer

Shared values refer to the beliefs and principles that guide the behavior of employees in an organization. These values act as guiding parameters for strategic planning as they help in defining the vision and mission of an organization. By sharing common values, employees are aligned towards achieving the same goals and objectives, leading to higher levels of motivation and productivity. Therefore, choice D is the best answer. The other choices are incorrect as employee turnover rates are usually reduced by having shared values, shared values do not directly coordinate activities to reduce absenteeism, and shared values are not procedures but rather principles and beliefs.

Shared Values