Core Values In Organizations

CORE VALUES
Values play an important role in whatever we do. It is essential part of organizational culture. The way people communicate and co-operate is determined by values. We can say it serves as a guiding principles. Core values can help people what is right from wrong .They can help companies to determine whether they are in right path and also whether they are achieving the business goal. Organizations use their core values in different settings based on the contextual factors of the organizations. Communication is a very important instrument to implement and activate the core values. And to give values meaning to employee’s day-to-day activities.
We can say values are the fundamental aspects of organization, organization

It underline our work, and how we interact with each other and which strategies we employ to fulfill our mission. We can say it the basic elements of how we go about our work .They are the practice we use every day in everything we do.
In the context of organization we can say core value of an organization are those values we hold which form the foundation on which we perform work and conduct ourselves .core values are what support the vision, shape the culture and reflect what the company values.

EXAMPLES OF CORE VALUES; In large companies, we can see they frequently write the company’s core values on their company’s website, annual report etc….

Likewise:
Delta Airlines lists ‘Always tell the truth-Honesty’ and ‘Always keep your deals-Integrity’ among its 5 core values.

Negative core values: Some companies they motivated by profit such as tobacco companies who lied to their customers about the danger of smoking ,may have been driven by core values of self-interest and an overly strong profit motive

BUSINESS

A Director should have a close view of a company and also he should know how it works. He should know the laws of a company. He should be able to think in a ‘top of the line manner’, personal skills like ability to listen, open mindedness will go a long way in making a company’s director effective.

WHAT FACTOR CONSTITUTE GOOD GOVERNANCE? The major role for the good corporate governance is played by independent Director. The best practices, accurate disclosure, and review of audit plans make a chance for good governance so I can say there must also be a good mindset in obeying the law following principles and practices in good governance.

CONCLUSION

Corporate governance is defined a set of systems and processes which ensures that a company is managed in the best interest of stake holders. The core values in one among the governance as it is an organization key decision maker and business purpose also helps in governing the corporate world by its