Personal Values & Corporate Strategy

1351 WordsSep 8, 20106 Pages
Personal values & Corporate Strategy What are personal values? A value is a belief, a mission, or a philosophy that is meaningful. Whether we are consciously aware of them or not, every individual has a core set of personal values. Values can range from the commonplace, such as the belief in hard work and punctuality, to the more psychological, such as self-reliance, concern for others, and harmony of purpose. When we examine the lives of famous people, we often see how personal values guided them, propelling them to the top of their fields. For example, one actor was motivated by his commitment to social justice, which led to important acting roles related to that value that made him world famous. Likewise, a well-known business…show more content…
1. Strong culture- promote good strategy execution when there’s fit and hurt execution when there’s little fit o Values and behavioral norms are like crabgrass: deeply rooted and difficult to weed out Three factors contribute to the development of strong cultures: 1. A founder or strong leader who establishes values, principles, and practices that are consistent and sensible in light of customer needs, competitive conditions, and strategic requirements; 2. A sincere, long-standing company commitment to operating the business according to these established traditions, thereby creating an internal environment that supports decision making and strategies based on cultural norms; 3. A genuine concern for the well-being of the organization’s three biggest constituencies- customers, employees, and shareholders. 2. Weak culture A companies culture can be weak and fragmented in the sense that - many subcultures exist, - few values and behavioral
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