Values form through different roots and sources in contemporary society. Mainly, there are five sources of value formation.
- Value Forming Institutions: – The development of a human life and society is based on values. There are various institutions in the society, which inculcates values. There are four major institutions which provide the basic sources of values; – Family, School, State and Religion. These institutions teach the individuals what is good or bad for them. Good behaviour is rewarses and bad behaviour is punished. It develops and inculcates a particular behaviour.
- Organizational Values: – The organization, where individual works, affects the bahaviour and shape value in working life. The different organizations have their own value in working life. The different organizations have system and behavioral pattern, which shapes human life.
- Peers and Colleagues: – An individual learns different behaviour from his peers and colleague. In a work group an individual learn the group’s norms and values. Organization or group value strengthen and protect the membership status in that group.
- Work and Career: – The mode of work in an individual’s career includes the task or responsibilities associated with a particular job in an organization. An individuals experience constitutes his career over a period of time . it creates special values and norms which reflects in ideas and behaviour. Every profession has some codes of conduct, which frame profession value system.