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  • Writer's pictureDylan Cochran

BUSINESS VALUES

A business value system is a set of principles and beliefs that guide a company's decision-making and actions. To build a business value system, consider the following steps:

  1. Identify your company's core values: What is important to your company and what sets it apart from others? This can include values such as honesty, integrity, customer focus, innovation, or sustainability.

  2. Define your company's purpose: Why does your company exist and what is its goal or objective?

  3. Consider your stakeholders: Who does your company serve and what impact does it have on them?

  4. Evaluate your company's current practices: Look at your company's current decision-making processes, actions, and behaviors to determine if they align with the values and purpose identified.

  5. Develop guidelines and policies: Create guidelines and policies that reflect the company's values and purpose. These should be communicated to all employees and integrated into the company's decision-making processes.

  6. Lead by example: Ensure that company leaders and managers model the values and behaviors that are expected of all employees.

  7. Embed the values in all aspects of the business: Make sure that the values are integrated into all aspects of the business, including hiring and training, performance management, and decision-making.

  8. Review and refine the value system regularly: As the company grows and changes, the value system should be reviewed and revised to ensure that it remains relevant and reflective of the company's current goals and values.



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