In a perfect world, your company would start from day one with a firmly-rooted set of values. These values would be strong enough to sustain you through the first few stages of your business, and adaptable enough to apply as your company expanded and changed. After all, consistency is key in values and culture. Right?
But that’s a tall order. It’s hard enough to predict business from year to year. Foreseeing how your company will evolve five, ten years in the future is nearly impossible. Businesses, even entire industries, can alter in their trajectory in unpredictable ways. Your values need consistency, but they shouldn’t be written in stone.
Not all big changes in the company warrant a shift in values. There are a few times, though, when you may need to reexamine your company values and tailor them along the way. Here are a few questions Tribe recommends asking yourself if you’re considering a change in values:
Is there a new company vision?
Many companies reinvented themselves during the recession. Market conditions forced some reevaluation and that closer look often revealed new opportunities to redefine the business model — and a new vision for the future.
Do the employees understand the new vision and the role they play in reaching it? Do they know how they’re expected to change their behavior to meet this new vision? Values will be an important part of that equation. A new company vision may require slightly different values from the ones that were appropriate for the old way of doing business.
Has there been a change in leadership?
A new CEO will also generally mean a new vision for the company. A change in top leadership is a prime time to take a close look at the values and how they align with management’s vision for the future.
Has there been a merger or acquisition?
Since values are at the core of the company culture, merging two cultures will usually require some revamping of values. Occasionally, the acquiring company’s values will prevail, but it’s sometimes easier to create a cohesive culture if both companies are becoming part of something new. Evolving your values is a process that begins with defining and articulating what those values are and then moves to actually launching those values company-wide. But the job’s not done once the values are launched. In fact, it’s never done. For values to truly become guidelines for how business is done at your company, they have to be made relevant and meaningful to employees at all levels. Employees will need to see examples of their management putting the values into action. And those values must be communicated with sustaining efforts over a long period of time.
You’ll know you’ve succeeded when you see employees using the company values as the basis for the decisions they make in their work, day after day.
Want more insight? Whether you’re trying to call more attention to your current values or rewriting them completely, give Tribe a call. We would love to help your company communicate.