Every organization has a set of values. Sometimes they are written down and sometimes not. Written values help anorganization define its culture and belief. Organizations that believe and pledge to a common set of values are unitedwhile dealing with issues internal
An organization’s values can be defined as the moral guide for its business practices.
Every company, big or small, has its core values which forms the basis over which the members of a company makedecisions, plan strategies, and interact with each other and their stakeholders. Core values reflect the core behaviors orguiding principles that guide the actions of employees as they execute plans to achieve the mission and vision.
Core values reflect what is important to the organization and its members.
Core values are intrinsic – they come from leaders inside of the company.
Core values are not necessarily dependent on the type of company or industry and may vary widely, evenamong organizations that do similar types of work.
For many companies, adherence to their core values is a goal, not a reality.
It is often said that companies that abandon their core values may not perform as well as those that adhere to them.