A company’s core values are the essential principles that guide its decision-making, strategy development, and overall operations. Without well-defined core or company values, a business cannot function effectively. They serve as guidelines to support management’s operations and decision-making. The company’s owners, stakeholders, and leaders create these fundamental principles, which provide direction and form to the organization’s culture.
In summary, a company’s basic principles constitute its essence. They make sure that every employee is using a similar approach and working toward the same objective.
