Why Define Company Values? - Deepstash

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Why Define Company Values?

medium.com

Your values will affect your company culture

A company’s Vision and Mission define where your company is going. Values define how you get there - for example, "openness."

Defining your values becomes the foundation for your company culture, directing the decisions you make, and the people you hire.

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When a company is small, the high degree of interaction between team members allows for efficient decisions without having values defined. But as a company starts to grow, communication and alignment around decision-making and hiring become increasingly challenging. Delegating responsibility beco...

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Instead of developing top-down policies to manage performance, a single investment in carefully defining core values creates a platform for employees to make decisions more efficiently and autonomously.

A company that values openness ...

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Startups often discuss the concept of "culture fit" when deciding who to hire. They will look beyond someone's individual performance and consider their impact on the rest of the team.

But, if the culture fit is undefined, at best it will lead to inconsistent hiring decisi...

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Values underpin your brand and public identity, impacting business partnerships, fundraising, and guiding your marketing and communications.

Written down values become a touchstone that every employee can speak to with less top-down oversight while empowering them to commu...

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