Mission Vision Core Value Differences: Values Management Establishment Sequence and Examples

Looking at the mission, vision, and Values statement on the company wall, he asked, "What's the difference between the three?"Have you ever thought about it? It's a question that often comes up in business school theory and organizational culture classes. This article summarizes the meaning of values management, the differences between the three concepts, and the order in which they are established.

What is Values Management?

Values management is a management method in which people share why the organization exists, where it goes, and how it works, and guide their decisions and actions based on that. The key is to find the power that moves people in the sense of work, not just reward and control. The idea is that if the employee knows how their work helps someone, they'll find a better way to do it without having to tell them to.

Organizations with clear values can be judged by similar standards without creating detailed rules every time. This reduces the cost of management and supervision, and makes it easier to find the right person of value at the recruitment stage, helping to reduce the loss of turnover.

Mission, Vision, and Values Comparison

The mission is a reason for existence that doesn't change, and the vision is what you want to achieve in a certain period of time, so you can rebuild it according to the situation.

학교 수업에서 한 과제도 배운 점 중심으로 쓰면 좋은 경험이 되더라고요. 학교 취업지원센터 상담을 한 번 받아 보는 것도 한번 챙겨보면 좋을 것 같아요.

Conditions and Establishment Sequence for Good Values

It is explained that good values should have the macro-ness of the big picture, the direction of the way forward, the coherence of words and institutions, and the specificity of action. Establishment is usually in the order of reflecting on the history and strengths of the organization, listening to the opinions of → members and customers, deciding the → mission, setting the → vision and → core values, and then releasing the core values based on behavior. From the get-go, the more engaged your team is, the more likely they are to actually stick with you. The principle of increasing the motivation of work can be compared with Broome's Expectancy Theory, which explains the connection between effort, results, and rewards.

What Leaders Need to Do

Values are cynical when they are framed phrases. Leaders need to make decisions that align with their values, reflect the core values in institutions such as hiring, evaluations, rewards, and promotions, and consistently talk about how they have lived their values to become a culture. When you make a decision to uphold a value rather than profit in a difficult moment, you really believe in that value.

Assignment structure and reference materials

Reporting is the meaning of value management The distinction between → mission, vision, and core values → The role of a leader in the process of → establishing → good values The theory and examples are shown when written in order of application to an organization → I know. When using a business case, cite the company's official mission and Values statement. Campus-style values management summary materials summarizing "Companies with souls do not lose", summarizing the principles of value management, the mission, vision, and core value establishment process, and the five things a CEO should do on page 16, can help you quickly catch the core flow of the book if you are preparing a business school theory or organizational culture task.