Value based leadership approach emphasizes upon identification of values by both the leaders and employees of an organization. Value system in any organization cannot be developed forcefully or in a traditional manner. The only effective way to develop organization values is through relationship between the leader and the followers which is based upon strongly internalized and shared values that are promoted and acted upon by the leader. Managers and leaders of any organization play an important role in devising its value system and culture through their actions and behavior while working. ...