Hierarchy of Values and Lifestyle of Managers

Barbara Mroz*

Received:October 08, 2018;   Published: October 16, 2018

DOI: 10.26717/BJSTR.2018.10.001904

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Abstract

Objective: The objective of this paper is to present issues resulting from the theory of economics and management psychology, including their implications for company management practice and for their impact on workers’ well-being and values. Research in psychology of management demonstrated that effective employee management requires, first of all, personal, social skills and values on the part of the manager.

Method: In order to verify the questions and hypotheses proposed, a well-known research tool has been applied the Rokeach’s Value Survey and Study of Values by Allport, Vernon, Lindsey. A version of Rokeach’s RVS was applied to measure the hierarchy of values among managers in a medium-sized automotive company which is planning reorganization.

Results: The results obtained in this study significantly differentiated the women and men with respect to their ultimate values. The following values appeared to be the most statistically differentiating: “outstanding successes” (0.001), “social recognition”, “enjoyment of life” (0.001) and “comfortable life” (0.05). Within the selected lifestyle, the participants ranked values in the following order: economic, social, political, aesthetic, religious, and theoretical.

Conclusion: The article clearly shows the role of the hierarchy of values for managers’ functioning during changes. This is also significant in any changing economic reality (emerging economies, emerging markets). Manager values are important in many changing or emerging economies – not only in management – for developing competitiveness and economic growth. This know-how opens up greater possibilities for applying the theory in practice.

Keywords : Management Psychology; Hierarchy and Structure of Values; Lifestyle; Managers

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