Starting with the changes in the world economy, we are moving from industrial society (modernism) to knowledge and human - based society (postmodernism). At the same time, the most important values of modernist management are anchored in our heads as the main principles of management. Well-discussed management shift hasn't reach most of the organization and despite of new employees' generation and changed business environment, the management values are the same as on the beginning of 20th century. Shared values are the essence of organisational culture and impact every part of an organisation, therefore the backlog of management can be improved through the clarification of the concept of values in the organisational context, using knowledge and research results describing changes in the management paradigm. The aim of this book is to emphasise the importance of the values in management and show how the paradigm values reflect in organisational real and propagated values and thereby impact the organisational success. Modernism and postmodernism were chosen as general paradigms to characterise the change and need for change of organisational values.