{"id":32,"date":"2022-05-24T09:38:18","date_gmt":"2022-05-24T09:38:18","guid":{"rendered":"https:\/\/www.seventyeight.com.au\/?p=32"},"modified":"2022-12-06T06:05:16","modified_gmt":"2022-12-06T06:05:16","slug":"its-time-to-reconsider-your-organizations-values","status":"publish","type":"post","link":"https:\/\/www.seventyeight.com.au\/its-time-to-reconsider-your-organizations-values\/","title":{"rendered":"It’s Time to Reconsider Your Organization’s Values"},"content":{"rendered":"

A purpose, vision, and values are essential components of every successful culture. Its mission is the organization’s unmistakable reason for being. Its desire for itself is its vision. And its values (or virtues) are a declaration of how a firm performs what it does and the principles it will continuously follow. These, on the other hand, are never designed to be static. The environment in which a business operates changes, and the firm must adjust.<\/p>\n

As you consider what may become the “new normal,” it’s time for businesses to rethink their values. With Covid, the world has changed, and it’s virtually clear that your former goal, vision, and values don’t properly reflect the current situation. There is a growing emphasis on mental and physical health, flexibility, diversity and equality, and other related issues. Your consumers have most likely completely transformed their lives or enterprises, forcing them to reconsider what they want or need from you. And, either because they are new (because of high turnover) or because they are reinventing themselves, the individuals in your company are likely more focused on purpose but less engaged with what you stand for.<\/p>\n

The goal, vision, and values of a company and the process through which they are formed must be owned by the business’s leadership team, from the CEO down. However, as I point out in the HBR Guide to Crafting Your Purpose, everyone in a company has a role to play, whether it’s defining the bigger corporate process, personal activities, or the culture of their teams. As a result, the organization must own and embody these statements.<\/p>\n

The process is usually kicked off by the organization’s leadership team (including the CEO) asking a series of simple questions:<\/p>\n