INSTITUTIONAL VALUES ​​OF THE ADMINISTRATION: WHAT ARE THEY FOR, IMPORTANCE - DUDAS - 2025

The institutional values ​​of the administration are those principles, ideas and beliefs that express what a company values, in addition to supporting the mission and giving a profile to the organizational culture.

Many companies are geared primarily towards technical attributes, often forgetting what the underlying capabilities are that make them run smoothly, which are institutional values. Establishing strong values ​​provides the company with internal and external advantages.

In the modern era of administration, terms such as institutional values, culture and mission statements are heard assiduously, which have been integrated into the business language among many other terms.

A company needs to have a system or pattern of values ​​that helps it operate ethically and be able to satisfy the requirements of the environment in which it operates. Every modern organization should seek to have institutional values, because by obtaining them they will directly incur their improvement.

What are institutional values ​​for?

Just as each individual has their own values, companies implement criteria to give meaning to the way they work and to identify with their environment. It also makes them universal by transmitting them to those who make up the organization and are related to it.

For the organizational culture of a company, the institutional values ​​are the platform of the motivations, attitudes and expectations of the workers. They are the main foundation on which your performances are based.

The values ​​are not adjustable nor are they elements that define an industry. The same institutional values ​​can be maintained as competitors, provided they are authentic to the company and its employees.

If you decide to invest resources and time in this work, the result will be the establishment of a strong organization, where its members can achieve the objectives in a more satisfactory and efficient way, feeling motivated and united by being part of it.

Decision support

The institutional values ​​of the administration are useful in the decision-making process. For example, if one of your values ​​is to support product quality, any product that does not meet a satisfactory quality standard will be automatically removed.

Illustrate to clients

They illustrate to both current and potential clients what the company is all about, thus clarifying their real identity. Being able to have a specific set of values ​​to display to the public is definitely a competitive advantage.

Tool for employees

On the other hand, institutional values ​​are becoming important tools for recruiting and retaining workers.

With today's ease of researching companies, job seekers can do the homework of figuring out what identifies different companies, weighing whether or not they have the values ​​they consider important.

Importance

The institutional values ​​of the administration are the most important matters that are put into consideration to regulate the conduct of workers in order to fulfill the commitments of the organization.

Companies are increasingly aware of the importance of promoting and deciding their institutional values, in addition to the impact that this generates in the internal and social sphere.

These values ​​not only have an influence in work environment contexts, but are also decisive in areas as diverse as the creation of services for clients, competitiveness strategies, innovation processes, investment decisions or work relationships.

Company commitment

It must be emphasized that the institutional values ​​of the administration mean that the company can have its own personality within the market in which it operates. These values ​​make up the organization's commitment to its consumers, its investors and its environment.

The challenge for companies is to understand that when they refer to institutional values, the way in which they act will be much more important than what they can say and think.

However, for institutional values ​​to make sense in human work teams, it is essential that members share what these proposed values ​​mean.

The values ​​must have a practical meaning so that they do not become only good purposes published in a wall frame, but that their content has a clear practical benefit for all members.

To achieve this, all the members must know them, must agree with their meaning, understand the actions they imply and agree to put them into practice.

Examples of institutional values

Responsibility

Assume and recognize responsibility for actions, policies, decisions, and products. It can be applied to both the responsibility of the company as a whole and the individual responsibility of the workers.

Commitment

Commit to making excellent products, services and other initiatives that impact life both inside and outside the company.

Balance

Seeking to adopt a proactive position in order to create and maintain a healthy work-life balance for workers.

Empowerment

Encourage employees to take initiative and do their best. Sponsor an environment that understands mistakes to empower employees to lead and make decisions.

Diversity

Respect diversity and give the best of that composition. An employee fairness program should be established, ensuring that internal processes are open, barrier-free and unimpeded

Innovation

Pursuing new creative ideas that have the potential to change the world. Foster an environment that rewards risk-taking and creativity on the part of employees, responding to opportunities for improvement in all aspects of the company towards the public good.

Excellence

Aspire that products and services have a level of excellence that is recognized both nationally and internationally, characterized by high quality standards.

Integrity

Act with honor without compromising the truth. Adopt the values ​​of fairness, honesty and respect when carrying out all professional activities, as a fundamental means to serve others.

Security

Guarantee the safety and hygiene of workers, going beyond the legal requirements to provide an accident-free workplace.

Opening

Promote and facilitate a work environment in which information is widely shared, decision-making processes are respected and understood, broad participation is promoted, and feedback is valued.

References

1. Administration (2010). Institutional Values ​​of the Company. Taken from: citlali-solis.blogspot.com.
2. Commerce and Justice (2015). The importance of values ​​in organizations. Taken from: Comercioyjusticia.info.
3. Wendy Pat Fong (2013). Company Core Values: Why to Have Them and How to Define Them. The official 7Geese blog. Taken from: 7geese.com.
4. Western University (2020). Institutional principles and values. Taken from: president.uwo.ca.
5. Lumen Learning (2020). Mission, Vision, and Values. Taken from: courses.lumenlearning.com.