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Core Values: The Unseen Engine Driving Your Company's Success

July 24, 2024
Genuine core values guide your organization's actions and decisions and have a direct, measurable impact on your long-term financial health.

We live with infrastructure beneath the service: the pipes in the ground, the electrical wiring behind the walls, or the vast digital architecture of modern life. But don’t forget another foundational system for your business: your core values.

Many companies make the mistake of treating core values as a PR exercise, an obligatory list to slap on their website and employee manual. But genuine core values have nothing to do with virtue signaling. They are inward, not outward facing. They guide your organization's actions and decisions and have a direct, measurable impact on your long-term financial health.

Your Most Important Asset

Consider how core values affect your most important asset—your people. A company whose core values resonate with workers' ethics and aspirations will attract and retain the best talent. Team members who feel connected to a shared purpose demonstrate stronger engagement, productivity, and loyalty, reducing the significant costs of constant turnover.

Clear core values help team members make intelligent judgment calls without micromanagement. When they have internalized principles like integrity and customer focus, you can trust them to do the right thing, even when no one is watching. Contrast that to employees at a company with no consistent values training, who are more likely to apply Band-Aid fixes, recommend unnecessary upsells, or take unethical shortcuts that shatter client confidence if revealed.

When respect, empathy, and going the extra mile are part of your company's DNA, your receptionist will be more patient with anxious callers, your techs will be more conscientious with your customers, and your salespeople will be more creative in tailoring solutions to customer needs. Showing genuine care for customers as humans, not just dollar signs, inspires loyalty, positive talk, and repeat business—the most cost-effective ways to grow.

Build Your Brand

Core values also help your brand stand out from the crowd. A commitment to excellent customer service will attract clients willing to pay a premium for a superior experience. Initiatives like sponsoring youth workforce development programs or supporting your local food bank demonstrate strong community ties. Highlighting actions that support your values can elevate your company from a faceless provider to a relatable brand that stands for something more significant than the bottom line.

That's not to say core values don't protect that bottom line. A focus on integrity guards against reputation-destroying fraud, and a commitment to compliance keeps you out of hot water with regulators and litigators. Strong core values keep your profits from being siphoned away by completely avoidable personnel and legal issues. 

Make sure to build core value discussions into your team meetings, evaluations, and internal messaging. You want all members of your organization to understand “this is who we are.” When workers feel valued, they are more willing to point out shortcomings in current processes, suggest solutions, and pitch new ideas. Successful companies are always moving forward, seeking continuous improvement, intelligent risk-taking, and creative problem-solving, and there must be a deeper energy beneath these things, a fuel found only in a positive motivational force. Make sure you understand that force and articulate it every chance you get.

Core values are the glue that holds an organization together through internal and external challenges. When catastrophe hits, you need foundational strength, which only comes with a sturdy value system.

Leading by Example

These principles aren’t confined to a company handbook. They must be your organization's scaffolding for all decisions and actions. That starts at the top. As a leader, you must exemplify the values you promote. Nothing poisons morale and productivity faster than a "do as I say, not as I do" dynamic. When management plays by its own rules, it breeds cynicism and erodes faith that the core values apply to everyone.

When leaders serve as core value models, it sends a message that those principles are the real deal, encouraging everyone to pull in the same direction. Reinforce core values at every turn, from hiring and onboarding to performance metrics and promotions. Recognize team members who go above and beyond to live out company values.

When your company lives with authentic core values, it will show up where it matters most—employee engagement, customer loyalty, adaptability to change, and sustainable profitability. Like a well-designed mechanical system, strong core values are an investment that will power your business to greater heights for years to come.

Let core values be the heart of your company, pumping vitality and purpose into every person, process, and interaction. That's how you build a respected, high-performing, and profitable organization. You have to feel it at your core and help everyone else feel the same.

Anne Lackey is the co-founder of HireSmart Virtual Employees, a full-service HR firm helping others recruit, hire & train top global talent. She can be reached at [email protected].

About the Author

Anne Lackey

Anne Lackey is the co-founder of HireSmart Virtual Employees, a full-service HR firm helping others recruit, hire & train top global talent. She can be reached at [email protected].

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