This document discusses values and strategy. It defines values as conceptions of what is desirable for individuals and groups. Values are influenced throughout life and shape how managers develop strategy. Strategy is a plan to strengthen an organization's position and achieve goals. The document outlines six types of values and notes that corporate strategy must be explicit, shared, and consider opportunities, risks and resources. Personal values influence strategic decisions and a strategy may fail if it does not align with employee values. Managers can self-analyze to understand how their values shape strategic thinking.