EN
The article consists of two chapters. First chapter presents of values from organizational theory perspective, starting with Elton Mayo and Hawthorne effect and Geert Hofstede culture theory. Then we focus on values in Polish literature, studying Cz. Sikorski, L. Zbiegień-Maciąg, Ł. Sułkowski, A. Stachowicz-Stanusch and other. Second chapter includes Management by Values case study in production company basing on Artur Dunal’s research. We try to answer a question – How values affect culture change management. Qualitative analysis includes description of the company, its management system, organi-zational rituals and so far culture change journey. Quantitative analysis comprises research on organizational culture using Cameron – Quinn competing values framework. Summary presents our reflections on journey that Polish business is to done to appreciate managing by values.