Value statements define the work ethics of a company. Why? Because it is where employees root their day-to-day perspective and responsibilities. While a financial statement records the monetary activities of a company, a value statement on the other hand dictates how the finances might pour in.
A values statement or a values personal statement is someone’s statement of beliefs, core values, personal values, personal traits, diversity, vision statement, mission statement, and morals that serves as a guide or a lighthouse to direct his/her standards and views in life. It is a manifesto that outlines the important things in a person’s life. It is a statement of both intellectual and emotional in origin.
Incorporating a value statement in corporations adds a favorable factor in running the business. Here are some guidelines to do that.
Writing a value statement analysis is a complex job and it requires multiple minds to ponder and think what should be your company values. It is important that you exhaust all ideas that you thing is important so that you can keep up with a value statement that encompasses all the aspects of the company.
Once you have all those ideas coming from your members, analyze them and formulate statements that would summarize everything.
When the statements are ready, have them checked by the higher members to see if they embody the company’s SMART goals and ambitions. These statements will be the pillars to guide you and help you achieve your goals and objectives.
Never ever formulate a value statement that is not applicable. Do not set very high standards or values or you will end up frustrated.
A statement should be concise and direct to the point. However, it needs sufficient preparation to perfect a value statement. Identify your objectives. When you know what your company wants to achieve in the future, it would be easy for you to develop a value statement. Whether it be personal or organizational, knowing your goals is important to build a strong foundation. Hold on to reality. Never ever formulate a value statement that is not applicable. Do not set very high standards or values or you will end up frustrated.
Just like an income statement and other kinds of statements, a value statements has its own benefits. Here are a few of those benefits to making a value statement: it guides you of the actions you make. Whichever situation you apply it, value statements are proven effective to guide a person’s or a company’s actions. It sets unique standards for you. A company has to have a unique identity. One that will elevate them from the rest. When company employees hold on to their values and uphold them righteously, it dictates the way they work together to reach the company’s objective statements. Lastly, it brings good reputation. When a company has core values and the employees are its faithful advocates, people learn to trust and respect the whole organization. It is a strategy that can be used to get closer to consumers.
It is very beneficial and helpful to make your own personal value statement. As this statement is an excellent tool for your own personal growth and development. It can also be used for your business goals and business development. This helps you gain enough self-awareness and areas you can improve on.
When making your own personal value statement, the important aspects to look forward to is how it reflects your personal views, beliefs, priorities, goals, and aspirations. It is good to have time to reflect on your values and how they affect you and affect the people around you. As well as how it affects your career.