Knowing why you’re doing what you’re doing (your mission), where you’re trying to go (your vision), and how you’re going to go about it (your values) are the glue that holds an organization together.
You may modify your mission, vision, or values over time, but the intent stays unchanged and you will have complete clarity when making critical business decisions that impact your future.
Your mission, vision and values can sound abstract, esoteric, and downright fluffy to a lot of people, especially those who are burning to move forward with a real-world project.
These people don’t want to hang back conceptualizing about people’s wishes and dreams.
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.
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.
Values are deeply held convictions, priorities, and underlying assumptions that influence the attitudes and behaviors of your organization.
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.