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Strong organisational values, engaging vision that is inspirational for employees as well as creating a sense of involvement with effective communication channels.Organizational valuesare important, because it has a bearing in the unity of staff, efficiency of workers, productivity, stability and sustainability of the organization, therefore organizational value is total behavoiur of the whole set of employees in the organization. A corporate value that facilitates both discovery and development of human talent is founded on a value system which integrates diverse skills, unleash the individual potential and set in motion the synergistic effect of team efforts in achieving organisational goals. This talent harvesting values promotes values such as autonomy and empowerment, harmonious relationships, sharing and caring non alienated people, and learning and innovation. The organisational values such as autonomy and empowerment are effectively combined with employee development efforts leading to transformation of individuals and groups which helps them to become star class performers. Organisations can strengthen their organisationalbehaviour by working hard to translate what they stand for in the industry into set of managerial values. For example, the Unilever chairman believed that change cannot be imposed and that even he cannot impose change on the business. He believes this holds true in the wider world and that: "Change must be owned by the people in the business and the same applies to a country. Change has to come from the grain of a society. If it isn't owned by them, they will not believe in it." He pointed out that the fundamentals of Unilever's business are the number of people who are eating and cleaning and that 85 per cent of these people are in the developing world and almost 100 per cent of the growth in population is in the developing world. Also, it is in the company's narrow self-interest' to take action to stimulate the economies of the developing world.
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What is Risk Retention in Project Risk Management?
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