The Strategic Value of Values
- Topics:
- Strategy Formulation
- Tags:
- Center For Simplified Strategic Planning,
- Finance,
- Financial Accounting,
- Organization,
- Values,
- Values-centered Organization
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Overview: Values are the organization's essential and enduring tenets - a small set of general guiding principles; not to be compromised for short-term financial gain or expediency. They are the "proven, enduring guidelines for human conduct" called "Principles". It includes both the Commitment Statement portion of the Mission Statement and Goals in the Simplified Strategic Planning (SSP) process. But a question that arises is that does a Values-centered approach make companies significantly more successful at achieving their strategic goals over the long run than they otherwise would be? The term "Values-centered" applies to an organization that only makes decisions, which satisfy its Values. A Values-centered organization is more likely to take a profit hit in order to better satisfy other Values. Clearly, Values are logically a cause and the type and strength of relationships are direct effects, anywhere relationships occur.
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Format: HTML | Date: Jan 2003 | Pages: 1
