Most companies of the “Fortune 100” have corporate core values. Values that should stand for the beliefs of the founders or management. But in many cases these values are meaningless. The reason, in many cases, is, that the responsible persons in a company thinks they have to.
Why? Because mostly all successful companies have defined also some kind of values. But this approach can lead to more damage than positive impact. Sticking to values needs a strong standing from everybody in the company. Not only the employees have to develop a mindset for lived values. Also corporate governance and strategy have to adept values in the same meaning as for the single employee. Living them in the right or wrong way could therefore have a not insignificant impact on corporate governance, culture and strategy.
This assignment will give a brief overview about the meaning, possible impact and implementation of corporate core values in an existing corporate culture.
Inhaltsverzeichnis (Table of Contents)
- Introduction
- Corporate Culture
- The definition of corporate culture
- Values in a corporate culture
- Corporate Core Values
- The meaning of corporate core values
- The impact of corporate core values
- Implementation of corporate core values
- Defining corporate core values
- Adapting processes to core values
- Conclusion
Zielsetzung und Themenschwerpunkte (Objectives and Key Themes)
This assignment aims to provide a comprehensive overview of the significance, potential effects, and implementation of corporate core values within an established corporate culture. The focus is on understanding how these values can impact corporate governance, culture, and strategy.
- Definition and Significance of Corporate Culture
- The Role of Values in Shaping Corporate Culture
- The Meaning and Impact of Corporate Core Values
- Implementation Strategies for Corporate Core Values
- The Relationship Between Corporate Core Values and Corporate Governance
Zusammenfassung der Kapitel (Chapter Summaries)
- Introduction: This chapter introduces the concept of corporate core values and emphasizes the need for a holistic approach to their implementation. It highlights the potential negative consequences of simply adopting values without genuine commitment from all stakeholders.
- Corporate Culture: This chapter delves into the definition of corporate culture, exploring various perspectives and approaches. It particularly focuses on the role of values within the broader context of organizational structure, political dynamics, and emotional aspects.
Schlüsselwörter (Keywords)
This paper explores the critical concepts of corporate culture, corporate core values, and their implementation within an organization. It examines the relationship between values, corporate governance, and strategic decision-making. The discussion draws upon various frameworks and perspectives, including Schein's definition of corporate culture and Clemente and Greenspan's model of cultural determinants.
- Quote paper
- Dirk Köhler (Author), 2016, Company Core Values. Implementation in Existing Company Cultures, Munich, GRIN Verlag, https://www.grin.com/document/315777
