October 7

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Core Values: The Guiding Principles Your Organization Can’t Thrive Without

By Marc Cotone

October 7, 2024


When was the last time you thought about your company's core values? If they’re buried somewhere in an employee handbook that doubles as a doorstop, it's time to dust them off. Memorable core values aren't just inspirational quotes to fill empty wall space; they're the heartbeat of your organization. They should influence every aspect of your business—from hiring and firing to reviewing, rewarding, and recognizing employees.

Hiring: Attracting the Right Fit

Core values act like a magnet for talent that aligns with your company's ethos. When these values are clear and memorable, they become a powerful tool in the recruitment process. Instead of fishing in the dark for candidates who might fit, your core values help illuminate those who genuinely resonate with your mission and culture. It's like having a matchmaking service for your company—minus the awkward first dates.

Firing: Navigating Tough Decisions

Letting someone go is never easy, but clear core values provide a framework that makes these decisions more straightforward. If an employee consistently acts against what the company stands for, it becomes evident that there's a misalignment. This isn't about villainizing anyone; it's about maintaining the integrity of the team's shared principles. Think of it as gently redirecting someone who took a wrong turn back to a path that's right for them.

Reviewing: Providing Meaningful Feedback

Performance reviews can sometimes feel like going through the motions. Incorporating core values into these discussions transforms them into opportunities for genuine growth and alignment. Feedback isn't just about metrics and KPIs; it's about how the work aligns with the company's fundamental beliefs. This adds depth to the conversation and reinforces what truly matters to the organization.

Rewarding and Recognizing: Celebrating What Counts

Everyone appreciates recognition, but it's even more impactful when tied to core values. By acknowledging employees who exemplify these principles, you're not just handing out gold stars; you're reinforcing the behaviors that propel the company forward. Whether it's teamwork, innovation, or customer service, celebrating these attributes encourages others to embody the same values.

Making Core Values Memorable

For core values to be effective, they need to be more than just words—they need to be lived and breathed by everyone in the organization. Keep them simple, authentic, and relatable. Avoid corporate buzzwords that sound impressive but mean little. Instead, focus on values that truly represent your organization's spirit and are easy for everyone to recall—even before their morning coffee kicks in.

Conclusion: The Foundation for Success

Memorable core values are the compass that guides your organization's journey. They influence decisions, shape the culture, and set expectations. When everyone from the CEO to the newest intern understands and embraces these values, it creates a cohesive and motivated team moving in the same direction. So take a moment to reflect: Are your core values front and center in your daily operations? If not, it might be time to bring them into the spotlight. After all, in the quest for organizational success, there's no substitute for a strong, value-driven foundation.

Marc Cotone

About the author
Marc Cotone

As an EOS Implementer, I’m more than just a coach—I’m your partner in achieving transformational business success. More than that, I've been right where you are with my own businesses. Let's work together to develop a crystal-clear vision that aligns your team and drives your business forward.

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