In: Operations Management
What are core values? How would you expect core values to show up in a company’s international expansion?
Every organization make strategic decision, plan that are based on the core values. Every organization has core values. Depend upon the core value company interact with its stakeholder. These stakeholders are the people who are directly or indirectly involve in the business process like employee, vendor, supplier, customer etc. Example of core values are transparency, integrity, trust, democracy, hard work etc. e.g. if companies core value is transparency means company has transparency in their process from hiring to promotion and demotion.
During expansion of business core values plays very important role and it is driving force of the business. These core values are adhering to the cultural aspect of respective country. Since different culture people are present in different region in the world. Stakeholders skill set varies from country to country. So the core values are the sometimes treated as goal of the company.