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The phrase "a system of shared values" is correct and usable in written English.
You can use it when discussing the collective beliefs or principles that are held by a group or organization.
Example: "In our company, we strive to create a system of shared values that fosters collaboration and respect among all employees."
Alternatives: "a framework of common beliefs" or "a set of collective principles".
Exact(2)
Culture refers to a system of shared values, assumptions, and underlying beliefs that influences the way of doing things in work units [ 13].
According to O'Reilly and Chatman [ 10] "culture is a system of shared values defining what is important, and norms defining attitudes and behaviors that guide member's attitudes and behaviors".
Similar(58)
"Organizational culture is a system of shared assumptions, values, and beliefs, which governs how people behave in organizations.
Given that culture is commonly defined as a system of shared beliefs, values, customs, behaviors, and artifacts, this blind spot is surprising.
They are a fulfillment--a celebration really--of shared values.
A culture of shared values.
"There are a lot of shared values.
It's based on a set of shared values.
In part it stems from a perception of shared values.
1. Start from a place of shared values.
Businesses must demonstrate a sense of shared values ― a purpose.
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com