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:
30 Best Core Values to Live. You might already have a few core values in mind or in your heart which is great. If you need some more ideas or haven’t really thought about your core values until now, here are our 30 favourite core values that you can adopt right now. The ability to accept what you can control and what you can. Identifying core values for yourself or within a company can provide structure and instruction, especially when dealing with a certain decision or dispute. If one of your core values is honesty, for example, you would refer back to it when deciding whether or not a certain piece of information should be kept secret. What are company values? Company values (also called corporate values or core values) are the set of guiding principles and fundamental beliefs that help a group of people function together as a team and work toward a common business goal. These values are often related to business relationships, customer relationships, and company growth.
- 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:
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. Once you have the answers, use them to reflect back on your list of approximately fifty core values. At this point, you should narrow the list down to just four to ten core values that accurately encompass your business’ purpose in the world and its commitment to employees, clients, and communities. Add Your Commitment Statements.
- 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 Must
- 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 Indicate
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