30- Core Values

 


Stronger core value helps the given employee a shared sense of commitment, it also allows them to rally behind a united cause. It also helps the business to identify the integrity of the employee. By embracing the core values, your team can overcome difficult situations and achieve positive results, even while working remotely. But the most important thing is to live your core value, not just talk about them.

Moreover, Core values alignments help the organization as a whole to achieve its core missions. When value is out of alignment, people work towards different goals, with different intentions and with different outcomes. This can damage work relationships, productivity, jobs satisfaction, and creative potentials.

There are almost five core values which are obvious for organizations, there are many ways to sort and define the five cornerstone values. Integrity, Accountability, Diligence, Perseverance, and discipline.

Integrity

Integrity is no simple matter. It is particularly easy for business people to lie. I compiled a list of 46 reasons that executives lie. They include:

If I didn’t lie about my loyalty to the firm, they would never have promoted me.

If I hadn’t lied, I would have exposed our firm to an unfair lawsuit.

If the union knew our real profit prospects, they would beat us black-and-blue at the bargaining table.

There seems to be some compelling reasons to lie in certain situations. Although I’ve heard a few plausible defences of lying, I’m not sure it is ever justified. Once a company starts to condone lying as a matter of course, it is headed for serious trouble. In such businesses, lying becomes a game. And success goes to those who play it best.

Accountability

The value of accountability is the willingness to take responsibility for one’s own actions.

Bob Waterman has written a penetrating little book, Adhocracy: The Power to Change. It narrates an engaging story about accountability in an energy-cogenerating firm called AES. The people in the Beaver Valley, Pennsylvania, AES plant learned what many workers and managers know across the country: They learned who is responsible for the way things run. The answer, of course, is that they are. “They,” however, is not anyone of them, but rather a nameless, faceless force hiding in the organization. These powerful secret terrorists, these mega-gremlins — “they” — are always there to gum up the works.

They send the wrong material handling orders. They misprocess the medical claims. They forget to clean and maintain the machinery.

Discipline

Discipline does not always imply following orders. Sometimes, it points in the opposite direction. Business Month named MCI one of the five best-managed companies in 1990. The late Bill McCowan, MCI’s former Chairman and CEO, did “his best to ban... standard procedures and practices.” He would get up in front of his people and say: “I know that somewhere, someone out there is trying to write up a manual on procedures. Well, one of these days I’m going to find out who you are, and when I do, I’m going to fire you.” For McCowan, I think, discipline meant that individuals are required to think on their feet. They have to solve problems sensibly from the earliest days of their careers.

Perseverance

Perseverance presupposes confidence, and few companies can match Xerox for its sense of confidence and determination. Xerox, which pioneered the photocopying business, lost important ground to the Japanese on price. Now, Xerox is reviving its copying business by focusing on the value added by advanced technologies and colour copying. Focused leadership over time implies productive, useful perseverance.

Diligence

Diligence that nurtures strength makes a difference. Indeed, a diligent commitment to improving their already powerful position is what makes the Japanese a formidable competitor in the electronic and automotive industries. Similarly, the Japanese philosophy of perpetual quality improvement is a restless, but positive diligence.

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