the importance of values and culture
In the modern business era, we constantly hear the terms core values, mission statements and culture and we have integrated them in the business language among many other terms. But what are company core values? Why are they so important?
We all know that a good company culture makes for happier employees. But when the culture goes beyond that—to core values everyone works by—the results are revolutionary.
Core values are what support the vision, shape the culture and reflect what the 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 the underlying competencies that make their companies run smoothly — core values.
how do you identify your company's core values?
It is an old truism: employees do not turn to written statements on the company intranet for clues about how to behave—they look to each other. If your goal is to intentionally shape the actions and interactions of employees, you know the importance of creating a values-based culture. However, you also know how difficult it is to implement one.
For companies to truly close the gap between their stated and lived values, they must look to their employees to extract excellence from the inside-out, not dictate it from outside-in. This requires organizations to adopt a different approach. Instead of dictating the values that their staff must live by, they should focus on the values that live in the people.
Use a Values Assessment
The Manager Foundation Values Assessment is a free download that you can use with each of your team members to identify their core values. Plus, it has a double benefit because you can also use it to assess the values of your new hires to make sure that they are a good culture fit.
Communicating the organizational values and culture to your employees is a fundamental manager responsibility and a key element of the Management Foundations. The other Management Foundations include: