BACHELOR OF BUSINESS ADMINISTRATION

BUSINESS ADMINISTRATION

STRATEGIC MANAGEMENT

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Why are core values important?
A
Behaviour is not congruent with values.
B
It does not guide employees in decision-making.
C
It is easy to follow.
D
It creates consistency & guidance.
Explanation: 

Detailed explanation-1: -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 your values to new challenges that come along. Your core values will remove bottlenecks and empower individual growth across your organization.

Detailed explanation-2: -Consistency in character across the board is critical. That means demonstrating a high level of integrity, honesty, loyalty and respect in all situations with all people. Whether you are the janitor or the CEO, treat people with the same respect and dignity.

Detailed explanation-3: -A company’s Core Values reflect what every person in the organization believes and stands for. These values create a sense of shared responsibility and accountability. Every important work decision should align with at least one of your Core Values.

Detailed explanation-4: -adjective. Someone who is consistent always behaves in the same way, has the same attitudes towards people or things, or achieves the same level of success in something.

Detailed explanation-5: -Influence Behavior. Holding employees to a company standard can help shape the way they do their jobs. When company values are defined and enforced, it can inspire workers to hold themselves to a higher standard. It also makes employee criticism a matter of living up to those values, rather than a personal attack.

There is 1 question to complete.