Any business has some values, as any organization has a number of unspoken generally accepted behavioral norms. If corporate principles are not clearly formulated, then people use informal alternatives in their work.
Such unspoken norms can either help or hinder your work:
In the event that they do not correspond to the company's strategy and negatively affect work, it is necessary to quickly form and implement such values that will strengthen and enhance the business and help the company move towards its goal.
If unspoken behavioral investor database norms do not harm the organization, then when implementing unified corporate values, they will be strengthened, which will further increase the efficiency of the business. A team with common guidelines can more easily negotiate within itself, has fewer conflicts and solves emerging problems faster.
The core values of a company and its overall culture are very important to employees. Thus, in the international study Deloitte's seventh annual Millennial Survey it is said that for millennials, that is people born between 1981 and 1996, it is very important to have a positive corporate culture, sometimes it is more important than anything else, even the amount of monetary compensation.
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Alexander Kuleshov
Alexander Kuleshov
General Director of Sales Generator LLC
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Types and kinds of company values
One organization can be based on several different types of values:
Type of corporate values Meaning
Cultural They influence the course of interaction and behavior within the team: how communication between colleagues is built, how they resolve conflicts, whether they support each other and are ready to help each other. Trust, equality, cooperation and mutual respect, as the highest values of the company, create a unique atmosphere in the organization and are aimed at forming a sense of collectivism.
Ethical Aimed at defining the moral standards of the company's work. They affect the conduct of its business by the company, interaction with clients, employees, partners and the whole society. The category of such principles includes honesty and fairness, confidentiality, environmental responsibility, compliance with laws, and the fight against corruption.
Strategic Characterize goals developed for the long term, representing the main directions of development. They define the ways of achieving the company's strategic goals, as well as the principles that are the basis for success. That is, this is what helps make decisions and identify priorities, and also helps unite employees to fulfill a common mission. An example of this category of values is partnership, quality, transparency and adaptability.
According to the most general classification of corporate culture values, there are 4 types: