I believe that organisational values as currently practised in most organisations are bunkum with a capital ‘B’, and there are two reasons for my heretical disbelief;
The first is based on the psychology of humans. We get our own personal, individual values early in life. They are built from our upbringing, and possibly a yet-unknown component of DNA. By the time we enter the workforce as an almost-adult, our values are set. That does not mean to say they cannot change, but it takes either an extraordinary amount of time or a cataclysmic personal event to change them.
At induction time, most organisations don’t have the time for the former, or obviously the desire to inflict the latter. In addition, most organisations don’t thoroughly embed their carefully crafted ‘values’ into their recruitment and performance management processes. That would, at least, work to set a bedrock for the culture of the organisation over time.
The second reason is based on observation of the ‘values’ I have seen adorning boardroom walls, intranet and internet pages, and stationery.