Traditionally, organizations are fixated on maximizing shareholder value: chopping the business outlook into quarterly segments, exceeding earnings expectations, and aggressively closing deals.
Traditionally, organizations are fixated on maximizing shareholder value: chopping the business outlook into quarterly segments, exceeding earnings expectations, and aggressively closing deals. Each of these are viewed as mainstays to keep a business thriving - but, does this way of operating facilitate long-term growth? What sacrifices, with regards to partnerships, relationships, or reputations, were made to achieve short-term growth? What behaviors are organizations rewarding, when we expect team members to do whatever it takes to close a big deal and “hit targets”? We have seen the consequences of these practices in the headlines—accounting scandals, fraudulent business operations, and toxic workplace environments.
Recently, there has been a cultural shift to create value for all of an organization’s stakeholders: employees, clients, suppliers, local communities, the environment, and shareholders. The idea of maximizing shareholder value, at the expense of other stakeholders, is not conducive to long-term success and becoming a dated philosophy. So, how do companies create a workplace to enhance stakeholder value?
A good place to start is defining a company’s Purpose and Values. At Royce Geo, we are guided by our Purpose to Deliver Innovative Solutions with Mission Driven Results. It is no secret that our client-centric team members are relentless in supporting our clients’ mission. This passion has undoubtedly contributed to Royce Geo’s success. Laying the foundation to achieve our Purpose and our Values.
Attitude: It’s not everything, it’s the only thing. We are professional, responsible and dedicated.
Accountability: Own the problem, find the solution. We hold ourselves and each other to the highest standards to exceed expectations.
Communication: We are honest, transparent and vocal. We listen to understand and speak to inform.
Innovation: Where mission expertise meets fearless execution. We take risks and challenge the status-quo in delivering cutting edge solutions.
Leadership: Find your opportunity - Now go lead it! We inspire those around us and influence others through our actions.
More than just words on our website, our Values create a framework that guide how we do business; how we interact with each other, clients, and partners; and how we recognize and reward behavior and performance.
Our values are infused in our approach to challenging problems and delivering mission requirements. We recognize that our financial results matter, but we are putting equal weight into how we achieve stakeholder value, which better positions us for long-term growth and sustainability.
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