They are based on enduring tenets—guiding principles—to adhere to no matter what mountain you climb.
Your core values are part of your strategic foundation.
To build a solid foundation for a successful organization, it is essential to have a written, clear, concise and consistent mission statement that simply explains who you are and why you exist.
Keep it short – Peter Drucker would say your mission should fit on a t-shirt.
Values are deeply held convictions, priorities, and underlying assumptions that influence the attitudes and behaviors of your organization.
Business Plan Vision Statement Examples Annual Business Plan
Strong values account for why some organizations gain a reputation for such strategic traits as leadership, product innovation, and total customer satisfaction. An organization’s values can dominate the kind of strategic moves it considers or rejects.Don’t let being pragmatic get in the way of this important stage of building a strong foundation of consensus for your organization.If you don’t take the time to articulate mission, values, and vision on the front end as you develop a strategy, you’ll pay for it later when writing goals and objectives without a crystal clear strategic direction.Complete a strategic plan before the end of January with your own dedicated strategist and our proven planning software. You preserve these elements while your strategies and goals change and flex with the market. It is an essential part to building your strategic foundation and developing a strategy.When values and beliefs are deeply ingrained and widely shared by directors, managers and staff, they become a way of life within the organization, and they mold organizational strategy.Here are some guidelines in developing core values: Here is what Herb Kelleher, former CEO of Southwest Airlines had to say about core values.It delineates the future focus and where the organization is going.Visions are also referred to as Big, Hairy, Audacious Goals or BHAGs.Forming a strategic vision should provide long-term direction, delineate the organizational activities to be pursued and the capabilities the organization plans to develop, and infuse the organization with a sense of purposeful action.It serves as a unifying focal point for everyone in the organization like a North Star.