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Companies Value Statement Assignment

Company values are the fundamental beliefs and guiding principles that govern a business's internal operations and external relationships. They must be practiced, not just stated, in order to avoid hypocrisy that damages employee morale and consumer trust. Strong values provide direction for business decisions and help build a reputation and brand identity. Defining values involves brainstorming with key employees and leaders to determine what principles should guide company choices and distinguish the business from competitors.

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0% found this document useful (0 votes)
160 views6 pages

Companies Value Statement Assignment

Company values are the fundamental beliefs and guiding principles that govern a business's internal operations and external relationships. They must be practiced, not just stated, in order to avoid hypocrisy that damages employee morale and consumer trust. Strong values provide direction for business decisions and help build a reputation and brand identity. Defining values involves brainstorming with key employees and leaders to determine what principles should guide company choices and distinguish the business from competitors.

Uploaded by

Vikram Dhariwal
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as DOCX, PDF, TXT or read online on Scribd
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COMPANIES VALUE STATEMENT

What Are Companies Values?

Company values, also known as corporate values or core values, are the
fundamental beliefs upon which your business and its behaviour are based.
They are the guiding principles that your business uses to manage its internal
affairs as well as its relationship with customers. Once set, your core values
need to be firm and unwavering — a mandate rather than a suggestion. They
should affect every aspect your business, from employee benefit packages and
workplace culture to marketing strategies and customers service.

Keep in mind that company values should be more than stated values; they
must be practiced values. If your company doesn’t follow through on the
values it claims to hold, you can’t expect your hypocrisy to go unnoticed — or
unanswered — by consumers. Employees, likewise, will notice if your
company isn’t living up to its values statement, which can damage morale.

Why Are Company Values Important?


A strong set of company values also gives your company direction and helps it
build a reputation. They set the tone for how your business interacts with
customers, markets its products, and makes important decisions. If you take
them seriously, your core values will help you form a solid brand identity and
a cohesive business plan.

How Do You Define Companies Value?


You can incorporate your corporate values in your mission statement or write
a separate statement of core values. Either way, the process should start with a
brainstorming session. Invite a handful of people who understand and embody
the traits you want your company to be known for. These could include the
founder, CEO, and other company officers, but don’t forget to include some
key employees too, such as your top salesman, your most respected managers,
or your best designer. Ask each participant to list what they think the
company’s values are or should be.

 What core values will resonate with our customers?


 What principles should guide our choices?
 What do we want our company to be known for?
 How will our values distinguish us from competitors?
 What qualities do we value in employees?

According to me values that companies must have within the workplace are as
follows:

Some (possibly conflicting) examples of workplace values include:

 Being accountable.
 Making a difference.
 Focusing on detail.
 Delivering quality.
 Being completely honest.
 Keeping promises.
 Being reliable.
 Being positive.
 Meeting deadlines.
 Helping others.
 Being a great team member.
 Respecting company policy and rules, and respecting others.
 Showing tolerance.
Your organization's workplace values set the tone for your company's culture,
and they identify what your organization, as a whole, cares about. It's important
that your people's values align with these.

When this happens, people understand one another, everyone does the right
things for the right reasons, and this common purpose and understanding helps
people build great working relationships. Values alignment helps the
organization as a whole to achieve its core mission.

When values are out of alignment, people work towards different goals, with
different intentions, and with different outcomes. This can damage work
relationships, productivity, job satisfaction, and creative potential.
The most important thing that you need to do when interviewing someone is
understand his or her workplace values. After all, you can train people to cover
skills gaps, and you can help people gain experience. But it's really hard to get
people to change their values; and they will be "problem workers" until they do.

A Strong Work Ethic

Employers value employees who understand and possess a willingness to work


hard. In addition to working hard, it is also important to work smart. It means
learning the most efficient way to complete tasks and finding ways to save time
while completing daily assignments. It’s also important to care about your job
and complete all projects while maintaining a positive attitude.

Doing more than is expected on the job is a good way to show management that
you utilize good time management skills and don’t waste valuable company
time attending to personal issues not related to the job. Downsizing in today’s
job market is quite common, so it’s important to recognize the personal values
and attributes employers want to improve your chances of job security should a
layoff occur.

Dependability and Responsibility

Employers value employees who come to work on time are there when they are
supposed to be and are responsible for their actions and behaviour. It’s
important to keep supervisors abreast of changes in your schedule or if you are
going to be late for any reason. It also means keeping your supervisor informed
on where you are on all projects you have been assigned.

Being dependable and responsible as an employee shows your employer that


you value your job and that you are responsible for keeping up with projects and
keeping them informed of the things that they should know about.

Possessing a Positive Attitude

Employers seek employees who take the initiative and have the motivation to
get the job done in a reasonable period of time. A positive attitude gets the work
done and motivates others to do the same without dwelling on the challenges
that inevitably come up in any job.

It is the enthusiastic employee who creates an environment of good will and


who provides a positive role model for others. A positive attitude is something
that is most valued by supervisors and co-workers, and that also makes the job
more pleasant and fun to go to each day.
Adaptability

Employers seek employees who are adaptable and maintain flexibility in


completing tasks in an ever-changing workplace. Being open to change and
improvements provides an opportunity to complete work assignments more
efficiently while offering additional benefits to the corporation, the customer,
and even the employee.

While oftentimes employees complain that changes in the workplace don’t


make sense or makes their work harder, oftentimes these complaints are due to a
lack of flexibility.

Adaptability also means adapting to the personality and work habits of co-
workers and supervisors. Each person possesses their own set of strengths and
adapting personal behaviours to accommodate others is part of what it takes to
work effectively as a team.

By viewing change as an opportunity to complete work assignments in a more


efficient manner, adapting to change can be a positive experience. New
strategies, ideas, priorities, and work habits can foster a belief among workers
that management and staff are both committed to making the workplace a better
place to work.

Honesty and Integrity

Employers value employees who maintain a sense of honesty


and integrity above all else. Good relationships are built on trust. When working
for an employer, they want to know that they can trust what you say and what
you do.

Successful businesses work to gain the trust of customers and maintain the
attitude that “the customer is always right.” It is the responsibility of each
person to use their own individual sense of moral and ethical behavior when
working with and serving others within the scope of their job.

Self-Motivated

Employers look for employees who require little supervision and direction to
get the work done in a timely and professional manner. Supervisors who hire
self-motivated employees do themselves an immense favor. Self-motivated
employees require very little direction from their supervisors.

Once a self-motivated employee understands his/her responsibility on the job,


they will do it without any prodding from others.
Employers can do their part by offering a safe, supportive, work environment
that offers employees an opportunity to learn and grow. Working in a
supportive work environment and taking the initiative to be self-directive will
provide employees with a better sense of accomplishment and increased self-
esteem.

Motivated to Grow and Learn

In an ever-changing workplace, employers seek employees who are interested


in keeping up with new developments and knowledge in the field. It has been
noted that one of the top reason’s employees leave their employers is the lack of
opportunity for career development within the organization.

Learning new skills, techniques, methods, and/or theories through professional


development helps keep the organization at the top of its field and makes the
employee's job more interesting and exciting. Keeping up with current changes
in the field is vital for success and increased job security.

Strong Self-Confidence

Self-confidence has been recognized as the key ingredient between someone


who is successful and someone who is not. A self-confident person is someone
who inspires others. A self-confident person is not afraid to ask questions on
topics where they feel they need more knowledge.

They feel little need to have to impress others with what they know since they
feel comfortable with themselves and don’t feel they need to know everything.

The self-confident person does what he/she feels is right and is willing to take
risks. Self- confident people can also admit their mistakes. They recognize their
strengths as well as their weaknesses and are willing to work on the latter. Self-
confident people have faith in themselves and their abilities which is manifested
in their positive attitude and outlook on life.

Professionalism

Employers value employees who exhibit professional behaviour at all times.


Professional behaviour includes learning every aspect of a job and doing it to
the best of one’s ability. Professionals look, speak, and dress accordingly to
maintain an image of someone who takes pride in their behaviour and
appearance. Professionals complete projects as soon as possible and avoid
letting uncompleted projects pile up.
Professionals complete high-quality work and are detail oriented. Professional
behaviour includes all of the behaviour above in addition to providing a positive
role model for others. Professionals are enthusiastic about their work and
optimistic about the organization and its future. To become a professional, you
must feel like a professional, and following these tips is a great start to getting
to where you want to go.

Loyalty

Employers value employees they can trust and who exhibit their loyalty to the
company. Loyalty in the workforce has taken on a new meaning. Gone are the
days when employees plan on starting out and retiring with the same company.
It is said that most people will hold between 8 – 12 jobs throughout their career.
What does this mean in terms of loyalty in today’s workforce?

Companies offering employee growth and opportunity will ultimately gain a


sense of loyalty from their employees. Employees today want to feel a sense of
satisfaction in their jobs and will do a good job when they feel that the employer
is fair and wants to see them succeed. Although this may mean only staying for
five or ten years in a position, employees can offer loyalty and make an
important contribution during their time with the company.

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