Core values are the fundamental values of a company based on which a company makes decisions, builds strategies, and runs the entire organization. A business cannot run smoothly without clear core or company values. They act as a guideline to help management operate and take the right decisions. These core values of a company are developed by the business leaders, stakeholders, and owners of the business that gives a vision and shape to the culture of a company.
As a bottom line, core values are the essence of any business. They ensure that all the employees are working towards the same goal with a similar strategy.