Which of the following statements regarding an organization's core values is most accurate?
A) Core values are developed by cross-functional teams for all levels of an organization.
B) Core values rarely motivate a firm's stakeholders.
C) Core values change as an organization's offerings change.
D) Core values establish the norms of the organization's culture.
E) Core values cannot be separated from the financial realities of an organization.

Question

Quizplus · Accepted Answer

Core values establish the norms of the organization's culture. They are the beliefs, attitudes and guiding principles that shape an organization's mission and vision, and are inseparable from the culture of the organization. Core values provide a framework for decision-making, behavior and relationships within the organization, and are critical to its success. While core values should be aligned with the organization's mission, they are relatively stable and enduring, and not subject to frequent change. Cross-functional teams may be involved in identifying and defining core values, but they are typically established by senior leaders and top management. Core values can and should motivate all stakeholders, as they define the principles and purpose of the organization beyond financial concerns.

Which of the Following Statements Regarding an Organization's Core Values