The Ten Business Values System Theory: A Literature-based Analysis

The study sought to contribute to the general body of knowledge and research work in business value system (BVS). The research work also aimed to establish the most prominent types of values from the literature and ascertain how BVS elements are interconnected and influence business performance toward success. The concept of business values as a system is relatively new. However, this paper’s purpose is to bridge the various pieces of BVS knowledge in literature by systematically reviewing a collection of articles on the subject and drawing valuable conclusions relating to the various paradigms or schools of thought. The researcher, for this study, identified and critically reviewed a minimum of forty (40) old and recent articles on BVS that were gathered from highly recognized and profiled research databases, including Google Scholar, Research Gate and Elsevier (database), Persistent themes on the prevalent forms of BVS; their interconnectedness and their influence on business performance were observed. It became clear that defining BVS exists because of the systematic connectedness of the values. There is enough evidence from the literature that when implemented well, BVS yields successfulness to the companies and consequently, development of the respective local and national communities in a mutual manner.