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Great Lakes Educational Loan Services uses its mission of "doing what's right to change lives for the better" to state its espoused values which are defined as?
Great Lakes Educational Loan Services uses its mission of "doing what's right to change lives for the better" to state its espoused values which are defined as?1) a narrative based on true events, which emphasize a particular value.
2) physical manifestations of organizational culture.
3) the values and norms actually exhibited in the organization.
4) the explicitly stated values and norms preferred by an organization.
Final answer:Espoused values, such as those stated by Great Lakes Educational Loan Services through its mission statement, are the explicitly stated values and norms that an organization professes and aims to follow. These values guide organizational behavior and decision-making, serving as an ideal for how the company aspires to operate.Explanation:Great Lakes Educational Loan Services articulates its mission of "doing what's right to change lives for the better" as a reflection of its espoused values. Espoused values in an organizational context refer to the explicitly stated values and norms that an organization professes to hold.These values serve as a guide for the desired behavior and decision-making processes within the company. As such, the correct definition of espoused values from the given options would be the explicitly stated values and norms preferred by an organization.These are often communicated through mission statements, company policies, and codes of conduct, providing a blueprint for how employees and the organization as a whole aspire to operate.The concept of values plays a crucial role in shaping not just individual actions but the culture of an entire organization. Values and beliefs are integral components of an organization's culture, and they influence the attitudes and behaviors of its members.They point to what an organization considers to be right, good, or desirable. Importantly, while espoused values are the stated ideals, there can sometimes be a discrepancy between these and the values-in-action, which are the norms that are actually practiced on a daily basis within the organization....