Learn how to set trading targets correctly. Why do you need them and why are they important

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Company Core Values: Why to Have Them and How to Define Them

In the modern business era, we constantly hear the terms core values, mission statements and culture and we have integrated them in the business language among many other terms. But what are company core values? Why are they so important? In this blog post we are going to discuss the importance of core values and why it is important to have core values in your organization.

Core values are what support the vision, shape the culture and reflect what the company values. They are the essence of the company’s identity – the principles, beliefs or philosophy of values. Many companies focus mostly on the technical competencies but often forget what are the underlying competencies that make their companies run smoothly — core values. Establishing strong core values provides both internal and external advantages to the company:

  • Core values help companies in the decision-making processes. For example, if one of your core values is to stand behind the quality of your products, any products not reaching the satisfactory standard are automatically eliminated.
  • Core values educate clients and potential customers about what the company is about and clarify the identity of the company. Especially in this competitive world, having a set of specific core values that speak to the public is definitely a competitive advantage.
  • Core values are becoming primary recruiting and retention tools. With the ease of researching companies, job seekers are doing their homework on the identities of the companies they are applying for and weighing whether or not these companies hold the values that the job seekers consider as important.

One article that captured my attention when researching on what core values are (and are not) was “Startup Culture: Values vs. Vibe” by Chris Moody. The author talked about distinguishing your core values with vibes. Vibes are the emotional side of the company; they are dynamic and reactive to the outside environment. One example he gave was “Work hard. Play hard”. Is that really a value? Core values are timeless and do not change; they are sustainable in the longer term. Would the above statement be true during an economic downturn? The answer is probably no. Another mistake startups make is thinking that by merely having perks they can create a strong, unified, and unique company culture.

Now the big question is: “How do I find the core values of my company?” In his article, Aligning Action and Values, Jim Collins discussed that organizational values cannot be “set”; you can discover them. Many companies make the mistake of picking core values out of thin air and trying to fit them into their organization; core values are not “one size fits all” or the “best practices” in the industry. True, you can hold the same core values as your competitors, as long as it is authentic to your company and your employees.

So how do you discover these core values? Collins developed an exercise he called the “Mars Group Exercise”. The following list reveals the steps leading to finding what the core values of your company are:

  1. Select 5-7 people who have a gut-level understanding of your core values, are distinguished as the highest performers, and are well respected by their peers and management team. Why gut-level? Core values are predisposed to your employees. You cannot “install” the core values into people. These 5-7 people become your Mars group.
  2. Ask the Mars group to list what they think the core values of the organization are. Then ask them the subsequent questions relating to each of the core values they have chosen:
    • Are the core values that you hold to be fundamental regardless of whether or not they are awarded?
    • If you woke up tomorrow morning with enough money to retire for the rest of your life, would you continue to hold on to these core values?
    • Can you envision these values being as valid 100 years from now as they are today?
    • Would you want the organization to continue to hold these values, even if at some point, they became a competitive disadvantage?
    • If you were to start a new organization tomorrow in a different line of work, would you build the core values into the new organization regardless of its activities?

The last three questions are crucial because they help to make a crucial distinction between core values and strategies – core values are fixed regardless of the time and factors, internal as well as external, affecting the organization, while strategies and practices should be changing all the time. If the answers are yes for each of the core values chosen, then you have yourself what constitute the identity of your organization.

We have discussed why core values are important and some strategies for setting core values. You may be wondering: what do core values look like? Below is a list of 10 core values that are common across organizations in different industries:

  • Accountability – Acknowledging and assuming responsibility for actions, products, decisions, and policies. It can be applied to both individual accountability on the part of employees and accountability of the company as a whole.
  • Balance – Taking a proactive stand to create and maintain a healthy work-life balance for workers.
  • Commitment – Committing to great product, service, and other initiatives that impact lives within and outside the organization.
  • Community –Contributing to society and demonstrating corporate social responsibility.
  • Diversity – respecting the diversity and giving the best of composition. Establishing an employee equity program.
  • Empowerment – Encouraging employees to take initiative and give the best. Adopting an error-embracing environment to empower employees to lead and make decisions.
  • Innovation – Pursuing new creative ideas that have the potential to change the world.
  • Integrity – Acting with honesty and honor without compromising the truth
  • Ownership – Taking care of the company and customers as they were one’s own.
  • Safety – ensuring the health and safety of employees and going beyond the legal requirements to provide an accident-free workplace.

How to Consistently Act From Your Deepest “Why” and Optimize Your Time

It is the norm to waste large portions of one’s time.

Most people have very low standards for how they use their time.

They don’t have clarity about where they should direct their attention.

They haven’t created conditions to get clear on a daily basis.

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They don’t believe they deserve to spend their time on ONLY those things which fascinate, challenge, and motivate them.

They haven’t discovered nor clarified their deepest held motivations, both for specific goals and for their life in general.

They act and operate from their base-level reasons, which aren’t inspiring.

Hence, most people’s time is spent either on stuff that literally irritates them, or at best, is merely “okay.”

When you spend most of your time doing activities that irritate you, or are just okay, how do you think you come-off to the rest of the world?

Irritated and bored?

Lacking clarity and purpose?

Disconnected and distracted?

How do you make the shift?

How do you get clear about what you want?

How do you connect with your deepest held convictions and identity?

How do you operate at peak levels, daily?

How do you enhance your sense of self-worth, and continually upgrade what you believe you can have in your life?

How do you surround yourself with other people who are focused on growth and giving, rather than greed and taking?

By the end of this article, you will be better suited to grapple with these questions.

Your Life Is A Reflection Of What You Believe You Deserve

Everything in your life, right now, is a reflection of what you believe you deserve.

Subconsciously, you believe you are “unworthy” of anything beyond what you currently have.

Unworthy to have more.

Unworthy to contribute more.

Unworthy to experience more.

Unworthy to connect deeper.

Where do these internal attitudes come from? They come from your behaviors.

Your behaviors dictate your beliefs about yourself and the world. If you eat unhealthy food, how do you think that will influence your sense of identity?

What if you changed it up?

What if, instead of eating unhealthy foods, you DECIDED to eat only healthy foods, just for one single day.

How you act and what you do shapes your internal identity. Hence, when you make a personal investment in yourself, you create an immediate psychological upgrade.

You raise the bar on what you believe you’re worth.

You raise the bar on what you believe you can do.

You raise your standards for:

  • the type of person you want to be
  • the quality of work you want to do
  • the types of people you want to be around
  • the way you spend your time
  • and the lifestyle you have

Elevating your sense of what you deserve isn’t about entitlement. It’s about growth. At the deepest level, it’s about giving and gratitude — the hallmarks of abundance.

You give because you already have so much (everything you need and more).

You give because you’re grateful.

You give because you genuinely want to help other people.

You give because you want to grow.

And you grow, because you want to give more. As the saying goes, ‘don’t work to make money… make money so you can do more and better work.’

The first step, then, to using your time in the best possible way, is to elevate what you believe you deserve. If you don’t believe you deserve to spend your time on amazing things, you’ll continually sabotage yourself. You’ll continue to act in ways to PROVE TO YOURSELF you aren’t worth more. You’ll try to keep yourself small.

You elevate your sense of belief by changing your behavior in the here-and-now.

At every next level of your personal evolution, you’ll realize how low your standards once were. You’ll realize how limiting your beliefs and behaviors used to be.

You won’t judge your former self based on your current values, skills, and circumstances. You’ll love your former self, and steps upward you were taking.

You’ll only look back with gratitude.

You’ll only look forward seeking growth and transformation, not greed and transaction.

Spend Time Getting Clear, Every Single Day

The reason airplanes get to their intended destination is because they are continually course-correcting.

Throughout the flight, they get bumped and pushed off-course due to wind and other external conditions.

If their course corrections were sporadic, inconsistent, or non-existent, they’d never get where they intended to go.

Likewise, if you want to make daily progress and evoke the compound effect — which is where exponential momentum kicks-in — you need to create conditions for clarity, every single day.

You won’t get clarity just anywhere. You need to set up conditions to get clarity (just like you need to set up conditions for inspiration and creativity).

The optimal environments for getting clear are:

  1. Completely outside of your routine environment
  2. First thing in the morning, in an environment that you’ve made sacred

Seeing The Forest For The Trees

“This is a fundamental irony of most people’s lives. They don’t quite know what they want to do with their lives. Yet they are very active.”— Ryan Holiday

If you’re in the middle of the forest, it’s hard to see the big picture.

The worm’s-eye view is great for focus.

The bird’s-eye view is great for perspective.

You need both, regularly.

The worm’s-eye view is your day-to-day routine.

The bird’s-eye view is the direction your headed, and why.

If you don’t regularly step back from the worm’s-eye view, you’re like the airplane that never corrects its course.

You’ve got to get back to the first principles. To the foundation. To the big picture. Every step needs to be directed and focused.

At least weekly, it’s good to step outside of your routine environment and give yourself a few hours to unplug, reset, and re-direct.

There is a reason that taking regular sabbaticals or “mini-retirements” is related to peak performance, productivity, and creativity.

Human beings need time to recharge, to think, and to rest.

Those who are working the most aren’t those who are DOING the most.

A sharp saw will do far more in a few strokes than a dull saw will in many.

Because most people lack clarity, they aren’t even sawing the right tree.

Because most people have low standards for themselves, they’re fine spending large portions of time doing work that isn’t making an impact. They’re fine, and even prefer, not getting stuff done.

Don’t Allow Yourself to Be Distracted While You’re Getting Clear

Every morning, it’s essential that you put first things, first.

How you start something sets your trajectory.

You need a sacred space where you can go, first thing in the morning to do the activities that will elevate you for the day.

My sacred place is my car, parked in an empty parking lot under a large streetlight between 5–630am.

While you’re in your sacred space, don’t bring low-level distractions into your environment.

Don’t bring your cellphone.

Don’t bring all the cares and worries of the day with you.

Start with a clean slate.

Focus on what you’re doing.

Focus on meditation, prayer, journal writing, and deep learning.

Don’t allow your mind to wander.

If you’ve got a lot going on, you’ll want to wander and fixate on other stuff. Like work.

Allow yourself to be present.

Give yourself the space to learn, to grow, and to get clear.

It’s actually during this morning creation time that you can literally predict your future, with shocking detail.

You can predict and create future events, long into the future.

You can set things in motion.

I’ve watched it happen. I’ve done it many times. For example, a few months ago I decided I’d be speaking at an amazing event happening next month. I didn’t know all of the circumstances and events that would need to occur for me to speak at that event.

But I knew I wanted to do it. Because I wanted to share my new book with everyone who would be at that event. Because I wanted to get my ideas out. Because I wanted to change culture. Because I actually want to help people change. Because I know people can change (see the next section on getting to your DEEPER why).

And I knew that sharing my books with a large group of influential people would be most impactful if I actually spoke at the conference, not just attended.

So, every morning, I would write down the EVENT that would take place (i.e., me speaking at the major conference and giving away copies of my book).

Life occurs in EVENTS and EXPERIENCES, not in thoughts.

So, when you’re mapping your future, map it in tangible events and experiences.

What is going to HAPPEN?

How, then, are you going to make it happen?

You won’t know exactly, only the next step.

So take that step, and create conditions daily to get further clarity.

Why Do You Want THIS? Clarify Your Deepest “WHY”

The purpose of clarifying your WHY is two-fold.

  1. Clarity leads to motivation
  2. Operating from your deepest conviction creates authentic and optimal performance

So how do you get to your why?

It’s really not that hard.

Think about what it is you want, and ask yourself this simple question:

What about ___________ is important to me?

Just answer the first thing that comes to mind.

Don’t over complicate it.

If your goal is to work from home, then ask yourself the question:

What about “working from home” is important to me?

Your answer might be something like, “to have a more flexible schedule.”

You then put THAT into the previous question.

What about “having a more flexible schedule” is important to me?

Feeling less stressed and controlled.

What about “feeling less stressed and controlled” is important to me?

I work better, and am happier, when I can manage myself.

What about “working better, being happy, and managing myself” is important to me?

It’s good to go at least 7-questions deep into this exercise.

If you’re answering really honest with yourself, this exercise will expose two things:

  1. Key events that have shaped you (often from childhood)
  2. Key beliefs/values you hold about the world

If you can get to the core of WHY you’re doing what you’re doing, you can then realize just how important that thing is to you.

Far too often, we only think of our base-level motivations for what we’re doing, which is less personally meaningful. Thus, our performance doesn’t come from our core.

For example, I’m starting this business to have more flexibility in my schedule.

Sure, that’s important. But it’s not THAT INSPIRING. Why do you want more flexibility?

And once you get the crux, then remind yourself, daily, OF THAT REASON, for starting a business.

You’ll feel more clear.

You’ll be more motivated.

You’ll come off as far more honest and authentic.

You’ll be speaking and acting from your heart, not your head.

Your performance will be more emotional, human, and connecting.

It will be more successful, truthful, and powerful.

Examine Your Current Use Of Time

Once you’ve developed strategies for getting clear, and once you’ve honed in on your deepest WHY, it’s key to examine your current use of time.

Dan Sullivan, founder of Strategic Coach, is perhaps the most brilliant mind when it comes to coaching entrepreneurs. He’s personally coached over 6,000 entrepreneurs and spent over 50,000 hours doing so.

He’s developed a very simple framework which anyone can use to make far better use of their time.

In the image above, your time is broken up into three categories (A, B, and C).

Category A reflects time spent on activities that irritate you. They suck your energy. Sometimes, these annoyances need to be done. But more often, they should be entirely eliminated.

Category B reflects time spent on activities that are just “okay.” You don’t mind doing them, but they don’t get you excited.

Category C reflects time spent on activities that intellectually stimulate and emotionally motivate you. Dan Sullivan says that, these activities relate to your “unique ability,” and that you should structure your life (and business) such that you are spending most, if not all of your time, in Category C.

Take some time to reflect on your current use of time.

What percentage of your time do you spend in Category A?

Most people spend a large portion of their time in Category A.

They don’t believe they deserve spending their time solely on things they love.

They haven’t connected with their deepest WHY.

They have developed a tolerance for wasting their time. They don’t value themselves, their time, or their ability to contribute enough to change things.

Most likely, they are focused on transaction rather than transformation.

They are “working” for money, not making money to do more and better work.

Ironically, they are focused on greed and not growth. Because growth, although difficult, is always stimulating and motivating. It’s focused both inward and outward, not solely inward. Learning new things and becoming better is a soul-expanding experience. It creates feelings of joy. It opens your world.

Your goal should be to re-orient your life, such that you are spending nearly all of your time in Category C.

The fastest way to get there is ELIMINATE.

Eliminate everything that is a distraction.

Almost everything in life is non-essential.

Remove everything you can.

For the stuff you can’t remove, delegate or automate.

This isn’t something that can be done overnight. If you’re clear and motivated, though, you could do it within 6–12 months.

Start with the next 90 days.

What Category A activities can you eliminate, delegate, or automate?

What Category B activities can you eliminate, delegate, or automate?

How can you spend more time in Category C?

What are your Category C activities?

Why is growing in those areas important to you?

Conclusion

When you heighten your standards for what you can have in your life, you’ll need to make some shifts.

As a psychologist, I’ve learned that by tweaking certain variables, big changes can happen. When you change a part, you change the whole.

What do you need to change in order to become the person you want to be, use your time how you want to, and achieve your goals?

Are you willing to give up your distractions and dependencies?

Are you willing to go through some difficult growth?

You absolutely can get to the point where almost all of your time is spent on those things which matter most.

You can have a deep sense of purpose and WHY.

Your life can be set up so that, daily, you’re expanding your mind and soul.

Daily, you can be increasingly clear on who you are and where you’re going.

You can create conditions where you literally predict FUTURE EVENTS.

Ready to upgrade?

I’ve created a cheat sheet for putting yourself into a PEAK-STATE, immediately. You follow this daily, your life will change very quickly.

Why is Homework Important to Children, Parents, and School Teachers?

Homework should be a positive experience that helps and encourages all children to learn well and improve their final grade. Why is homework important? Every teacher assigns it to help a student apply, review, and integrate everything that children usually study in the class. If you complete assignments regularly, you achieve the following educational goals:

  • Exploring topics more fully than your classroom setting permits;
  • Preparing for the next lesson.

There’s something more to learning successfully than just mastering your content. It has different facts and requires many learned skills.

Why Teachers Assign Homework

Teachers assign it to help students do the following:

  • Develop their initiative and understand how to work independently;
  • Acquire efficient habits of time management, problem-solving, and self-discipline;
  • Master good research skills to find, organize, and condense information;
  • Gain a good sense of personal responsibility for learning;
  • Learn to use academic libraries and other available resources.

Another good thing is that homework brings teachers and parents closer together. When parents supervise and help their children with regular assignments, they get a clear understanding of their school, education, progress, etc.

Importance of Doing Your Homework

Why is homework important? This question is popular because homework isn’t fun to do. Conduct your research to get more information about basic reasons why it’s good for any student and what benefits it brings.

Doing your homework teaches you how to study and work independently because you learn how to use different resources, like libraries, texts, book chapters, and even websites. When you face challenges, you know how to deal with them successfully. No matter how well you think you understood materials in the class during the day, there will always be times when you have problems with assignments.

Homework helps students learn beyond the scope of their class. Example problems from textbooks and teachers show you how to complete assignments. Pass the acid test to see if you really understand lecture materials and can do the entire work on your own. In all science classes, homework is critically important. It helps you see different concepts in a new light and teaches you how all quotation work in general, not only in particular examples.

8 Basic Reasons to do Your Homework

If you still have doubts whether to complete your assignments, check these reasons for doing homework:

  1. Shows you what your teachers think is essential to learn and gives you a good idea of what to expect from future tests;
  2. Offers a good opportunity to connect siblings, classmates, and parents with your education and get important support from them;
  3. Is a huge part of your grades (if you fail to do your homework well, it will cost you a lot);
  4. Teaches you accountability and responsibility when learning different subject matters;
  5. Teaches you effective time management and how to prioritize all of your tasks;
  6. Helps you learn how to get rid of procrastination because of assigned deadlines;
  7. Helps you improve your self-esteem and identify existing issues before they get out of your control;
  8. Reinforces concepts because the more you practice, the more likely you are to learn them.

The Homework Debate

What is this debate about? Some people focus on negative sides and claim that homework has no academic benefits because it takes time away from extracurricular activities and makes children dislike education. All of them are untrue. Completing your assignments deepens your understanding of subjects. It puts the responsibility for learning on you and teaches basic organizational skills that you will carry and refine throughout your life. The main argument to add to the homework debate is suggesting that things aren’t only black and there are always two sides.

Why should Homework be Mandatory?

It’s an invaluable preparatory tool that teaches improved organization and discipline and makes children understand all subjects through their detailed and increased exposure to them. Homework should be mandatory because it:

  • Helps students go into a greater depth with topics;
  • Is useful for all teachers;
  • Involves parents in their children’s development;
  • Can be fun;
  • Teaches personal responsibility;
  • Prepares students for colleges;
  • Equips people for their lifelong learning.

How Does it Improve your Knowledge?

It’s not the amount of homework that you do that determines your grades, but a deeper understanding of materials that you gain because of that. Forcing students to spend more time on assignments won’t bring the desired effect. They should like learning to be willing to spend more time on their homework and be more likely to get a deeper understanding of academic subjects.

Teachers should ensure that homework won’t introduce anything new. It should give students a great opportunity to review their class materials and practice the subjects that they learn in the classroom to strengthen their knowledge. There are other effective ways to achieve this goal, like socializing, reading, and playing special educational games, but introducing new topics through homework is counterproductive.

Why is it Useful for Teachers?

If teachers use homework in the right way, it gives them quite a useful tool to evaluate what their students understand and don’t understand from lessons. It provides them with a clear indication of those topics that may need more attention because some students find them complex. It goes further than that. Experienced teachers should assign the homework that can ensure targeted feedbacks. They should give students only the assignments beneficial to their learning needs and use them as a great tool to address specific struggling areas.

How does it Involve Parents in Children’s Development?

Homework is beneficial because of parent-child bonding. Parents aren’t responsible for working with its content, but they should facilitate their good learning habits to help their children succeed academically. They should look for exciting and new ways of learning. Homework offers a number of ways how parents can nurture the intellectual curiosity of their kids and adapt assignments to updated educational standards.

Parents can ask their children to research any controversial subject online, identify its aspects and sides, and suggest a personal view to open their minds to different interests that lie behind available information. Homework teaches all students to think critically. Parents should ask their children to come up with interesting topics and turn them into extended projects and conduct their research. This effective technique teaches students how to deepen their knowledge of different subjects and develop useful skills to shape their lives.

Why is it Fun?

With the latest technological advancements, teachers have no limits in terms of the homework types they can assign to students. They have a good choice of effective educational tools, like special software, apps, and sites to make homework fun.

How does it Teach Personal Responsibility?

Learning personal responsibility is an important part of becoming independent. Homework equips you for your future life in a practical sense and teaches you many administrative or organizational things, including deadlines. The way you learn and refine your discipline comes from homework. It equips you with the skills necessary for your adult life.

How Homework Prepares Students for Colleges

Complete your assignments regularly to graduate from your college successfully and achieve your success. If you don’t perform well, you’ll have to face harsh consequences. Homework offers a number of benefits, and most of them aren’t quantified. This means that they don’t relate to your grade point averages, test scores, or degree classifications because they related to your ability to keep challenging yourself intellectually, academically, and recreationally.

How Does it Equip People for their Lifelong Learning?

Homework can come in handy if you want to learn how to teach yourself and continue your education at home. Many people dedicate insufficient time to educating themselves through reading, but it’s one of the best known building habits. How to solve this problem through assignments? Parents and teachers should start encouraging students to read voraciously. This is how they start understanding how to devour literature, assimilate more knowledge into their minds, and learn to question and think critically. Failing to do that raises barriers to intellectual progress.

Concluding Words

There are many academic benefits that come with doing your homework in terms of your academic and general success. That’s why it should be mandatory in all schools. It teaches students a set of important skills.

Doing your homework isn’t always easy and fun, but you can always count on our professional assistance and online services. If you have any problems with assignments, our team of expert writers is always there to help you solve each one fast and effectively. We guarantee a good quality.

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