The Five Core Values Of Quality, Responsibility, Mutuality, Efficiency, And Freedom

1402 Words Sep 28th, 2014 6 Pages
Mars uses the five core values of: Quality, Responsibility, Mutuality, Efficiency, and Freedom to guide company and their strategic compensation and benefits plan. Effective positioning themselves ahead of their competition in today’s competitive global markets. Keeping these core values in mind have allowed them to attract, retain, and motivate their staff around the world. Forrest E. Mars, Sr. first developed this business strategy in 1983 (The Five Principles) to provide and outline benefits mutually to all stakeholders. The strategies on how to realize these values have adapted with time, “We must flexibly adapt to new conditions, while finding ways to remain true to our fundamental beliefs” according to their management team (The Five …show more content…
Thus creating an engaged and committed workforce who are responsible for their career and the company’s direction. Kevin Kruse, wrote an article for Forbes Magazine that would agree with this ideal “This emotional commitment means engaged employees actually care about their work and their company. They don’t work just for a paycheck, or just for the next promotion, but work on behalf of the organization’s goals. When employees care—when they are engaged—they use discretionary effort” (Kruse). Some families have had three generations that have worked for the company. In today’s mobile workforce that seems unreal. One associate, who runs the in-house candy store at the plant in Slough, England is seventy-eight years old, and has worked for Mars for sixty years (Kaplan).
Standing behind the belief that talent development is critical to their success, they develop talent from within by offering tuition reimbursement and offer training courses internally though Mars U, their own internal training system. Associates feel challenged and are rewarded with internal promotions. Jim Price, is just one example, he started with Mars as a janitor at the Henderson, Nevada operation twenty seven years ago and is today the site-quality and food-safety manager in Hackettstown,

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