A value does express something important in life. It is a principle that guides actions and decisions in life. When a value is called 'absolute', it should never be violated. A core value is a very important or central value.
A person can hold a value for his personal life. An organization can have values with the purpose to ensure proper functioning.
All great leaders do have values and principles. The values can provide guidance to build excellent organizations and relationships. They guarantee trust.
A leader in a company says that 'family' is one of his values. Let us test his value. Is family a value for him when he works 80 hours in a week and he has never time to talk with his children? How would the boss show that family is a value to him. He may reserve weekly two days in his agenda where he arrives home at 5 p.m. to spend time with his children. He may arrange a monthly outing with his wife. Of course he should care for a meaningful relationship with his family.
Values are always tested. Do I uphold my value under pressure? Do I make exceptions? With frequent exceptions, my value becomes meaningless. I will not be trusted by people to whom I relate.
Good leaders do communicate the team or organizational values to the members. It is not just making an announced like a commercial. Value's need to be explained. The intention should be clarified. That includes the consequences with violations. Usually upholding the values is considered normal and thus there are no bonuses to be earned.
Values must be taught to all involved persons. With some values, training and exercise may be relevant. All involved people should be able to use the values properly.
Stories and examples about usage of the values helpful and demonstrative.
Especially leadership teams should carefully discuss a set of values they all agree about. A kind of guiding principles. We will work in those ways. We do such, because we want to understand one another. We want to trust each other. It is about relationship.