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 Principles), but the core values are still the foundation for their success.
Mars has grown considerably from its humble beginnings in 1911, when Frank and Ethel began making candy in Tacoma, Washington home. They now employ more than 25,000 associates in the US, along with another 50,000 abroad and are located in seventy-four counties.
Helping to define the culture and lead the charge to empower their associates is their People and Organization Department, known as Human Resources at other companies. “They create the conditions for our associates to grow, learn and develop to further their careers and make those careers mean more for themselves, the business and the communities we operate in” (Human Resources).
One can only assume the…

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