Which of the following best describes the core values of a company?
A) they encompass the systematic monitoring of external opportunities
B) they are the basic purpose of the organization
C) they are the strong enduring beliefs and principles used by the company to make decisions
D) they provide a perspective on where the company is headed

Question

Quizplus · Accepted Answer

Core values typically refer to the beliefs, principles, and philosophies that guide an organization's decision-making process and shape its culture. They are meant to be enduring and provide a sense of identity, character, and direction to the company. Option A is incorrect as it refers to external analysis, which is related to the environment scanning of a firm. Option B is not comprehensive enough as it neglects the organizational behavior and decision-making aspects. Option D is only partially correct as it utilizes the concept of vision but does not encapsulate the fundamental values of a company.

Which of the Following Best Describes the Core Values of a Company