{"id":907,"date":"2020-02-23T21:44:28","date_gmt":"2020-02-23T21:44:28","guid":{"rendered":"https:\/\/trc-parus.ru\/?p=907"},"modified":"2023-05-04T15:07:03","modified_gmt":"2023-05-04T23:07:03","slug":"values-vs-principles-in-business","status":"publish","type":"post","link":"https:\/\/trc-parus.ru\/blog\/values-vs-principles-in-business\/","title":{"rendered":"Values vs Principles in Business"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"907\" class=\"elementor elementor-907\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-5eade762 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"5eade762\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-5ebb3de6\" data-id=\"5ebb3de6\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19fe3d57 elementor-widget elementor-widget-text-editor\" data-id=\"19fe3d57\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-widget-text-editor.elementor-drop-cap-view-stacked .elementor-drop-cap{background-color:#69727d;color:#fff}.elementor-widget-text-editor.elementor-drop-cap-view-framed .elementor-drop-cap{color:#69727d;border:3px solid;background-color:transparent}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap{margin-top:8px}.elementor-widget-text-editor:not(.elementor-drop-cap-view-default) .elementor-drop-cap-letter{width:1em;height:1em}.elementor-widget-text-editor .elementor-drop-cap{float:left;text-align:center;line-height:1;font-size:50px}.elementor-widget-text-editor .elementor-drop-cap-letter{display:inline-block}<\/style>\t\t\t\tIt&#8217;s important to have both values and principles in your business. It allows you to build a strong culture and therefore wield the benefits of a strong culture: strong brand identity, gelled team, and consistent actions. We clearly state our values and principles to be transparent. So you know what you&#8217;re going to get.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-d8fd48e elementor-widget elementor-widget-heading\" data-id=\"d8fd48e\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<style>\/*! elementor - v3.21.0 - 30-04-2024 *\/\n.elementor-heading-title{padding:0;margin:0;line-height:1}.elementor-widget-heading .elementor-heading-title[class*=elementor-size-]>a{color:inherit;font-size:inherit;line-height:inherit}.elementor-widget-heading .elementor-heading-title.elementor-size-small{font-size:15px}.elementor-widget-heading .elementor-heading-title.elementor-size-medium{font-size:19px}.elementor-widget-heading .elementor-heading-title.elementor-size-large{font-size:29px}.elementor-widget-heading .elementor-heading-title.elementor-size-xl{font-size:39px}.elementor-widget-heading .elementor-heading-title.elementor-size-xxl{font-size:59px}<\/style><h3 class=\"elementor-heading-title elementor-size-default\">Values = qualities. Principles = rules.<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-db0fd36 elementor-widget elementor-widget-text-editor\" data-id=\"db0fd36\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tValues and principles are both important concepts that guide our behaviour, decision-making, and beliefs. However, they are not the same thing and understanding the difference between them can be helpful in our personal and professional lives.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a035c13 elementor-widget elementor-widget-heading\" data-id=\"a035c13\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are values?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-62886d9 elementor-widget elementor-widget-text-editor\" data-id=\"62886d9\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Values\u00a0are the foundation. They are the set of qualities you strive for. \u00a0Values are used to make decisions about right and wrong. Example values companies may have are integrity, fairness,\u00a0and respect.\u00a0Values are the beliefs that are most important to us and form the foundation of our moral and ethical code. They are our personal convictions and define what we consider right and wrong. For example, honesty, respect, equality, and compassion are common values. Values help us make decisions in line with our beliefs and guide our actions in day-to-day life.\u00a0Values are used to help you form your principles.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-257b06b elementor-widget elementor-widget-heading\" data-id=\"257b06b\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">What are principles?<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-71e12c5 elementor-widget elementor-widget-text-editor\" data-id=\"71e12c5\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Principles&nbsp;are the rules or beliefs that govern your behaviour. Principles are built upon your values. A principle is the behaviour, response, or action in which you fulfill values. For example, if a value you have is honesty, a principle may be to never tell lies.&nbsp;Principles are specific to a particular field or discipline and provide a framework for how to act in certain situations.&nbsp;<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-9e5f2f4 elementor-widget elementor-widget-heading\" data-id=\"9e5f2f4\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">Values and principles are both essential<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-544e7a2 elementor-widget elementor-widget-text-editor\" data-id=\"544e7a2\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\tValues and principles are interrelated and both are essential for a fulfilling life. Our values provide the foundation for our beliefs and behavior, while principles provide a framework for decision-making and actions that are in line with our values. When our values and principles align, we are more likely to make decisions that are true to who we are and that bring us happiness and fulfillment.\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-69aec38 elementor-widget elementor-widget-heading\" data-id=\"69aec38\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">How values and principles are used in business<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-a5b8f3f elementor-widget elementor-widget-text-editor\" data-id=\"a5b8f3f\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>Values and principles play a critical role in shaping the culture and decision-making of a business. They serve as a guide for employees to understand what is expected of them and how they should behave.\u00a0<\/p>\n<p>You can r<span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">ead The TRC-Parus\u00a0<\/span><a style=\"font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); background-color: #ffffff; font-size: 1rem;\" href=\"https:\/\/trc-parus.ru\/about\/\">principles and values<\/a><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">\u00a0and this\u00a0will give you a picture of how we operate. We use them to help us operate the company, particularly when there are tough decisions.\u00a0<\/span><span style=\"color: var( --e-global-color-text ); font-family: var( --e-global-typography-text-font-family ), Sans-serif; font-weight: var( --e-global-typography-text-font-weight ); font-size: 1rem;\">Here are some ways in which values and principles can be used in business.<\/span><\/p>\n<ol>\n<li>\n<p><b>Define the company&#8217;s culture<\/b>: A business&#8217;s values and principles reflect the company&#8217;s culture. This aligns all employees and stakeholders on what is important to the company.<\/p>\n<\/li>\n<li>\n<p><b>Drive decision-making: <\/b>Values and principles are used to make important business decisions. These principles help ensure that the company&#8217;s actions align with its values. Values and principles are particularly helpful with difficult decisions.\u00a0<\/p>\n<\/li>\n<li>\n<p><b>Attract and retain the right talent: <\/b>Companies that have a strong set of values and principles are often more attractive to potential employees. Employees are more likely to stay with a company that shares their values and principles which also helps with retention.<\/p>\n<\/li>\n<li>\n<p><b>Foster trust with stakeholders: <\/b>A business that operates with a clear set of values and principles can build trust with customers, investors, and other stakeholders. This trust is critical for building a strong reputation and establishing long-term relationships.<\/p>\n<\/li>\n<li>\n<p><b>Enhance brand image: <\/b>Values and principles can be used to enhance a company&#8217;s brand image.\u00a0<\/p>\n<\/li>\n<\/ol>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>It&#8217;s important to have both values and principles in your business. It allows you to build a strong culture and therefore wield the benefits of a strong culture: strong brand identity, gelled team, and consistent actions. We clearly state our values and principles to be transparent. So you know what you&#8217;re going to get. Values [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":15665,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[33],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Values vs Principles in Business | Kalle Radage<\/title>\n<meta name=\"description\" content=\"The difference between values and principles in business is critical to know. 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