value statement

A 'value statement' is essential in defining an organization's core principles and guiding its actions and decisions.

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Definition

(formal)A declaration outlining an organization's core principles and ethical standards that guide its actions and decisions.

The company's value statement emphasizes integrity, innovation, and customer satisfaction.
Employees are encouraged to align their work with the value statement to ensure consistent ethical practices.

(formal)A formal expression of the beliefs and priorities that shape an organization's behavior and choices.

The value statement serves as a benchmark for evaluating the company's strategic decisions.
Management reviews the value statement annually to ensure it reflects the company's evolving goals.

Terms that have similar or relatively close meanings to "value statement":