“Well-defined values don’t sound like the safe platitudes of a Hallmark card” – Patrick M. Lencioni, Management guru
Lencioni also wrote that “Most values statements are bland, toothless, or just plain dishonest. [They] create cynical and dispirited employees, alienate customers, and undermine managerial credibility.”
For early stage startups, formal value statements are multi-functional; they should help your team understand and act on your internal best practices and empower them to make decisions that will benefit the company as a whole.
These values are the boundaries within which your business will operate in pursuit of its goals, and set the tone for day-to-day operations.
Think of core values as one of the three pillars of principle holding up your business operations; the other two being mission and vision.
In this Process Street article, we’ll explore why core values are important, how they align with mission and vision, and some examples of core values from other companies.
We’ve also got some statements from our own team about how they live and act on our own internal values in their day-to-day work.
- Start with why
- Vision, vale, and mission statements
- Why core values are important
- Examples of core company values
- How the Process Street team lives our core values
- Core values: the backbone of daily business operations