Company Core Values. Implementation in Existing Company Cultures

Research paper from the year 2016 in the subject Business economics - Personnel and Organisation, The FOM University of Applied Sciences, Hamburg, course: Human Resource Management, language: English, abstract: Most companies of the "Fortune 100" have corporate core values. Values that should stand for the beliefs of the founders or management. But in many cases these values are meaningless. The reason, in many cases, is, that the responsible persons in a company thinks they have to. Why? Because mostly all successful companies have defined also some kind of values. But this approach can lead to more damage than positive impact. Sticking to values needs a strong standing from everybody in the company. Not only the employees have to develop a mindset for lived values. Also corporate governance and strategy have to adept values in the same meaning as for the single employee. Living them in the right or wrong way could therefore have a not insignificant impact on corporate governance, culture and strategy. This assignment will give a brief overview about the meaning, possible impact and implementation of corporate core values in an existing corporate culture.