Company values can mean many things and can be interpreted in many different ways. Company values can also mean the company’s responsibilities. There are three types of company responsibilities: the company’s responsibilities to itself and its shareholders, the company’s responsibilities to its employees and customers, and the company’s responsibilities to society and nature are among the company’s values.
The Company’s Responsibilities to Itself and Its Shareholders
Long-term goals and profit maximization is the company’s first responsibility and its most important value to its owners. The company’s long-term goals and achievement are among the most important values for company owners because a shareholder invests accordingly. A company needs to find new ways and opportunities to grow. Because investment also means doubling the money. A firm that counts in place will not be valuable because it cannot fold the investment; that is, it will be indistinguishable from a value that remains in place and does not increase. The company’s responsibilities to shareholders are as follows; The company should not behave misleadingly with other business partners.
The Company’s Responsibilities Toward Its Employees and the Customers
In general, we can call the company’s responsibilities towards its employees and customers social responsibility. This also determines the company culture. For example, a company should support the personal development of its employees. While starting the job, the experience is vital, but nobody wants to hire people who have no experience because it is seen as a waste of time by employers. But if we look at the issue in terms of business ethics, a company should do something for its employees as much as all employees working for them do for them. As we said, the first step is to assist the employee’s individual development.
Apart from this, the company should not interfere with the private life of its employees, keep all information about its employees confidential, and not discriminate against its employees based on gender, age, or religious belief. At the same time, the company should create the most reliable and healthy working environment for its employees. Another issue is the company’s responsibilities to its customers. The company should always adopt sincerity and transparency as a principle in its relations with its customers. It should always keep its promises to customers and be able to quickly find solutions to problems. It should offer products and services in expected conditions and on time. Company staff should treat customers equally and should not go beyond the rules of respect and courtesy. All this includes the company’s responsibilities to its employees and customers.
The Company’s Responsibilities Toward Society and Nature
One of the most important values of the company is the company’s responsibilities to society and nature. At the rate of company strength, it should devote some of its earnings to aid for things such as human rights, education, arts, culture, and contributing to society. At the same time, the company should know that they should take precautions against problems such as environmental pollution. Since society is now more conscious and careful, it is much more sensitive to this issue. In other words, we can say that a company that values its society must have undertaken to protect nature at the very beginning. Initiatives such as designing cleaner production processes and areas, minimizing environmental pollution, preserving cultural heritage, protecting vegetation and animal species, saving energy, and giving importance to the recycling system should become the principle of the company.
FAQ on Company Values
The most important guide that reveals the future visions of corporate companies determines the ways of doing business, and regulates the communication and relations of employees with each other; establishment of corporate values. Corporate values are called the set of ethical values that reveal the business culture of a company.
Considering the culture of the company is the most important factor when determining corporate values.
Because the company is a whole with these values, if the values of the company begin to really guide all of the company’s decisions, the company gains tremendous competitive advantage. Because while all products, all technologies, all strategies, all business models can be imitated by competitors, the only one that cannot be imitated is the values owned by the company.
No, it is not. Vision provides information about the future goals of the mentioned institution/company/community. Vision explains to us the questions such as “What is our purpose, where do we want to go?” And the mission explains to us the fundamental purpose of the mentioned company.
The purpose of human behavior is to meet certain needs; people expect satisfaction from occupational activities that cover approximately one-third of their life. Satisfaction expected at the end of professional activities is called “professional value.
Conclusion on Company Values
One can consider company values in many aspects. In this article, we talked about the corporate values of a company. Let’s not forget that corporate values also reflect the future stability of the company, its goals, and the goals aimed to be presented to society and people. Once you identify your values, it’s time for you to share them with other people. How? Start by creating a company page on LinkedIn.