BUSINESS ADMINISTRATION
PRINCIPLES AND PRACTICE OF MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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ethical
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beliefs
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core
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leadership
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Detailed explanation-1: -Company core values are the principles guiding and often driving an organization’s mission and goals. They guide crucial actions and behaviors, such as how business decisions are made and successful relationships are formed. They inform the company’s culture, hiring practices, and product ideation.
Detailed explanation-2: -Core values are the deeply ingrained principles that guide all of a company’s actions; they serve as its cultural cornerstones. Collins and Porras succinctly define core values as being inherent and sacrosanct; they can never be compromised, either for convenience or short-term economic gain.
Detailed explanation-3: -Core values are broad statements that guide your employees, identifying right and wrong, good and bad, and how to interact with each other and with customers. Guiding principles, on the other hand, are more specific in how they guide the organization through everything it does. They are more prescriptive in nature.
Detailed explanation-4: -Core values are one piece of creating a repeatable, scalable system. They allow people in your organization to make good decisions on their own, by simply applying the values to new challenges that come along. Your core values will remove bottlenecks and empower individual growth across your organization.