The present article includes various perspectives in value orientation research and theoretical study of scientific approaches concerning value and value orientation, their definition, structural contents, and methods of its investigation in context of psychoanalytical, humanistic, and constructivist paradigms. Any attempt in studying, researching, developing value orientation needs systematic fundamental and holistic approaching and interpretation. This article attempts to study scientific positions regarding values characteristic in relationship with other elements of personality, the structural components of the value orientation in different personality’s manifestations, the process of their formation and functioning. Paradigms examination can give us different benefits useful for initiating new researches and elaborating alternative methods for education with the purpose to improve learning process and personality formation.