Core values are what support the vision, shape the culture and reflect what a company values. They are the essence of the company's identity – the principles, beliefs or philosophy of values. Many companies focus mostly on the technical competencies but often forget what are the underlying competencies that make their companies run smoothly — core values. Establishing strong core values provides both internal and external advantages to the company:
Your Core Values must be unique to your company and reflect the values you have. An excellent example of what that looks like is a value statement by the New Zealand firm James Wren & Co. Business values can heavily influence your brand identity, or how outsiders view your company. But, if you and your employees fail to uphold your core values, you could face bemused or disappointed. Having clear company values helps you ensure that all your employees are working towards the same goals. Your core values support the company's vision and shape its culture. That's why every single business decision should be aligned with these values. A business without core values isn't really a business. When a company hits a bump in the road however, is when it's most important to stand by what you believe at your core. Teach the values through orientation/training. It's unrealistic to simply send. Core values often reflect the values of t he company's founders—Hewlett-Packard's celebrated 'HP Way' is an example. They are the source of a company's distinctiveness and must be.
- Core values help companies in the decision-making processes. For example, if one of your core values is to stand behind the quality of your products, any products not reaching the satisfactory standard are automatically eliminated.
- Core values educate clients and potential customers about what the company is about and clarify the identity of the company. Especially in this competitive world, having a set of specific core values that speak to the public is definitely a competitive advantage.
- Core values are becoming primary recruiting and retention tools. With the ease of researching companies, job seekers are doing their homework on the identities of the companies they are applying for and weighing whether or not these companies hold the values that the job seekers consider as important.
We have listed below a list of 10 core values that are common across organizations in different industries:
- Accountability – Acknowledging and assuming responsibility for actions, products, decisions, and policies. It can be applied to both individual accountability on the part of employees and accountability of the company as a whole.
- Balance – Taking a proactive stand to create and maintain a healthy work-life balance for workers.
- Commitment – Committing to great product, service, and other initiatives that impact lives within and outside the organization.
- Community –Contributing to society and demonstrating corporate social responsibility.
- Diversity – respecting the diversity and giving the best of composition. Establishing an employee equity program.
- Empowerment – Encouraging employees to take initiative and give the best. Adopting an error-embracing environment to empower employees to lead and make decisions.
- Innovation – Pursuing new creative ideas that have the potential to change the world.
- Integrity – Acting with honesty and honor without compromising the truth
- Ownership – Taking care of the company and customers as they were one's own.
And my own favorite (a loaded one)
- Committed to the 5 'C' of Leadership – Building a team in which everyone may practice leadership daily, regardless of position or title.
Your Company Can Reflect Your Core Values Of One
- Competence – they know what they are doing.
- Character – they do the right thing, even when it's not convenient.
- Compassion – they care as much about others as they do about themselves.
- Catalyst – they remove obstacles and make things happen.
- Courage – they speak truth to authority and take responsibility for the performance of their team.
- Core values help companies in the decision-making processes. For example, if one of your core values is to stand behind the quality of your products, any products not reaching the satisfactory standard are automatically eliminated.
- Core values educate clients and potential customers about what the company is about and clarify the identity of the company. Especially in this competitive world, having a set of specific core values that speak to the public is definitely a competitive advantage.
- Core values are becoming primary recruiting and retention tools. With the ease of researching companies, job seekers are doing their homework on the identities of the companies they are applying for and weighing whether or not these companies hold the values that the job seekers consider as important.
We have listed below a list of 10 core values that are common across organizations in different industries:
- Accountability – Acknowledging and assuming responsibility for actions, products, decisions, and policies. It can be applied to both individual accountability on the part of employees and accountability of the company as a whole.
- Balance – Taking a proactive stand to create and maintain a healthy work-life balance for workers.
- Commitment – Committing to great product, service, and other initiatives that impact lives within and outside the organization.
- Community –Contributing to society and demonstrating corporate social responsibility.
- Diversity – respecting the diversity and giving the best of composition. Establishing an employee equity program.
- Empowerment – Encouraging employees to take initiative and give the best. Adopting an error-embracing environment to empower employees to lead and make decisions.
- Innovation – Pursuing new creative ideas that have the potential to change the world.
- Integrity – Acting with honesty and honor without compromising the truth
- Ownership – Taking care of the company and customers as they were one's own.
And my own favorite (a loaded one)
- Committed to the 5 'C' of Leadership – Building a team in which everyone may practice leadership daily, regardless of position or title.
Your Company Can Reflect Your Core Values Of One
- Competence – they know what they are doing.
- Character – they do the right thing, even when it's not convenient.
- Compassion – they care as much about others as they do about themselves.
- Catalyst – they remove obstacles and make things happen.
- Courage – they speak truth to authority and take responsibility for the performance of their team.
Your Company Can Reflect Your Core Values Must
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