Companies today invest a great deal of time and money defining the mission and core set of values that define their workplace culture. This is no less true in the finance and accounting industry than any other. Have you ever wondered why they are willing to invest so much into something that many companies didn’t know about 50 years ago? There are three significant reasons that this trend is here to stay.
Defining the How
Every company has established metric results that must be achieved for success. This translates to every division, department, and employee and is reviewed anywhere from weekly to annually. By defining a set of values for everyone in the company to follow, a company defines the way those goals will be achieved. The mission states the overall goal of the company that everyone can contribute to. The metrics are the “what” while the values are the “how” and the mission is a common purpose. This provides clearer expectations for employees at every level in a company.
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