We have an entire universe of values, but some of them are so indispensable that with all the changes in society, government, politics and technology, we still abide by them. Core Values of an organization are those basic principles which form the corporate culture of a company and set it apart as a great place to work at.
In the ever-changing business world, core values are constant. Core values are not descriptions of the work we do or the strategies a company employs to accomplish its mission. They actually define the framework in which employees go about their work and the way they are expected to interact with and treat other stakeholders both inside and outside the organization.
At Akhtaboot, the core values we believe in and practice continue to guide the way we operate and are fundamental to our success. They are as follows: Integrity and Ethics, Respect, Family Environment, Ownership and Learning.
Why Have Core Values for your Company?
There are many obvious advantages that core values can bring to an organization. The most important benefit is that they let clients, potential consumers and employees know what the company is all about. Core values provide key pointers to be followed when building and maintaining relationships with the media, customers, public and other stakeholders. Core values also represent a reference point in the decision-making process. If an important decision is to be made, core values are always considered before making the final call.
Discovering Your Company’s Core Values
Creating a set of solid corporate core values is one of the most significant aspects of strategic planning. With that being said, there are still many companies that do not give much weight to setting up their core values, and as a result they stand nowhere in today’s business world. Core values are to be created by first allowing each and every member of your employees to determine all the possible positive points of your company, and then realizing how these points can be used for the betterment of the services the company provides. A core value can be anything that the company does best, such as commitment to excellence, integrity or family environment. Make sure that your company core values are in line with the industry you are operating in.
Discovering your Personal Core Values
In order to discover your own core values, you must first understand who you are and what you’re bringing to your workplace. This isn’t an easy task; it needs lots of thinking and careful consideration. Ask yourself the following questions: ‘What are your values?’ ‘What do you stand for?’ ‘What do you believe in?’ ‘What is important to you?’ it might take you days to figure out the right answers for you, however doing so will definitely help you figure out what your core values are. There’s something about actually writing down your values that makes you more committed to living them!
It Gives you a Sense of Purpose
When you don’t know or you haven’t clearly defined what you stand for on both the corporate and personal levels, you end up drifting along with no sense of purpose. Instead of basing decisions on an internal compass, you make choices based on circumstances and social pressures. You end up trying to fulfill other people’s expectations instead of your own, and before you know it, life has passed you by and you haven’t even accomplished half of what you were hoping to do. Going through life without core values is downright exhausting and leaves you feeling empty and worthless. Conversely, living a life in line with your core values brings purpose, direction, happiness, and wholeness.
Who Are You In Business With?
When it comes to setting your own core values, another crucial question to ask yourself is: Who are you in business with? You may have to ask yourself this question more than once throughout your career. It is often said that two things will actually determine who you become five years from now, the books you have read, and the people you deal with. Once you know what your own core values are, you can start to attract those of the same values, making your business connections that much deeper.
Core values play an important role in setting the goals and motives of a company. In business terms, core values are the rules, regulations, and guidelines that are to be followed to ensure the smooth running of the business. Which core values a company adopts and how consistently they are followed, will influence how clients and employees perceive it. Unfortunately, there are numerous companies out there that seem to promote their core values while behaving in complete disregard of them. Always remember that core values are the essence of the corporate culture and an expression of its personality.
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