On Defining the Concept "Corporate Values"

   Relevance. The article discusses the concept of "corporate values". Despite the large number of its definitions, there is no unified approach to the interpretation of corporate values in the scientific literature. The relevance of the article is due to the fact that, based on a comparative analysis of twenty definitions of the concept of "corporate values", an attempt is made to offer its refined interpretation.
   The purpose of the study is to clarify the definition of "corporate values".
   Objectives: to review the definitions of the concept of "corporate values" available in the scientific literature; to identify the approaches of researchers in defining the concept of "corporate values"; to compare different approaches to defining the concept of "corporate values" based on the data obtained.
   Methodology. The research method was the method of comparative analysis. The research was also based on corporate values listed on the websites of six leading Russian organizations.
   Results. The comparative analysis of more than twenty definitions of the concept of "corporate values" carried out by the author of the article revealed three main approaches that guided the theorists and practitioners of management processes in defining this concept. The first approach is descriptive. Researchers following the first approach, which we propose to call "qualitative", answer the question of what corporate values are. The second approach is instrumental, i.e. corporate values are considered in this case as a kind of tool (a way, a way, etc.) to achieve something. The third approach, also characterized by a descriptive nature, indicates where corporate values are reflected and implemented.
   Conclusions. A refined author's definition of the concept of "corporate values" is proposed. Corporate values are moral and behavioral guidelines, rules, principles, norms and standards of professional activity that are significant and shared by all employees of the organization, which they, regardless of their position, are ready to be guided by when implementing organizational goals and objectives.

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