Legal & Org
8 min read

What Are Core Values?

Core values are not just a list of words on a wall but are deeply ingrained in the company's DNA, influencing every aspect of its functioning. So how should you go about deciding your Company's values?
Written by
Brett Renken
Published on
17 January 2022

Company core values are the foundational principles and beliefs that define an organization's identity and guide its behavior. They serve as a compass, influencing the company's culture, operations, and interactions both internally and externally. Core values are not just a list of words on a wall but are deeply ingrained in the company's DNA, influencing every aspect of its functioning.

Why Are They Important?

  • Cultural Alignment: Core values help align employees with a shared vision and purpose, fostering a cohesive and positive workplace culture. When everyone is working towards common goals and values, collaboration and teamwork thrive.
  • Decision-Making Framework: Core values provide a framework for decision-making. When faced with choices, employees can refer to these values to ensure that their decisions align with the company's principles, maintaining consistency and integrity.
  • Brand Image and Reputation: Core values contribute significantly to a company's brand image and reputation. When a company consistently demonstrates its commitment to its values, it builds trust with customers, partners, and the community, enhancing its overall reputation.

Examples of Company Core Values and Their Significance:

Here are some examples of Core Values along with a brief description of what those values could represent to their companies. Remember, a core value is specific and unique in the context of your business, so these should only be read as examples for inspiration. 

Integrity:

Significance: Integrity is a fundamental value that establishes trust both internally and externally. It ensures that the company and its employees are honest, transparent, and ethical in their actions, fostering a culture of trustworthiness.

Innovation:

Significance: Encouraging innovation as a core value promotes a culture of continuous improvement. It motivates employees to think creatively, adapt to change, and stay ahead of the competition in a rapidly evolving business environment.

Customer-Centricity:

Significance: Placing the customer at the center of operations ensures that products and services are tailored to meet their needs. This focus on customer satisfaction contributes to long-term loyalty and positive word-of-mouth marketing.

Diversity and Inclusion:

Significance: A commitment to diversity and inclusion promotes a culture that values and respects individuals from all backgrounds. This not only enhances the workplace environment but also contributes to a variety of perspectives, fostering innovation and creativity.

Company core values are not just statements; they are the bedrock upon which successful organizations are built. By defining and upholding these values, companies can create a positive and purpose-driven culture that propels them toward sustained success in a competitive business landscape.

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