Core values are the fundamental beliefs of a person or organization. These guiding principles dictate behavior and can help people understand the difference between right and wrong. Core values also help companies to determine if they are on the right path and fulfilling their goals by creating an unwavering guide. There are many examples of core values in the world, depending upon the context.
Core values aren’t always personal in nature. Many companies find it helpful to draft a values statement that highlights values the company seeks to follow and expects from its employees. Corporate values can impact business practices as well as the overall organizational culture.
25 Core Company Values About Business Practices
The way an organization conducts business is greatly impacted by the company’s core values. These values impact what products or services a company offers and how they are produced and/or brought to market.
- attention to detail
- continuous improvement
- high performance
- market leader
25 Core Company Values About Company Culture
A company’s core values directly impact the organization’s culture. People will generally be most comfortable working in a company that has a corporate culture that reflects their own personal values.
- hard work
- respect for boundaries
- shared prosperity
- social responsibility
- work-life balance
When companies refer to core values, these are the guiding principles that help to define how the corporation should behave in business and perhaps beyond, if they have an additional mission to serve the community. Core values usually complement the corporation’s mission statement. There are many examples of common core values for a business or other type of organization.
As you can see, often the core values that companies have are similar to those that individuals might choose as guiding principles as well.