BY: Curt Richardson Founder and CEO of OtterBox
Build some real value into your business by building your business on strong values that you determine.
The term value is often tied to a monetary measure—what
something is worth in dollars and cents. Fiscal value is a moving
target; however, changing with the ebb and flow of the fickle global
economy. Where a business owner should focus more effort and energy is
not in the value, but the values of his or her company. Those are concrete and change very little over time.
The values of an organization come from the founder. They are there
from the very beginning, influencing the building blocks of vision,
people and systems. The core values must not only be accepted but truly
believed by all other top level executives so it becomes ingrained in
each and every employee.
Values are relatively static. Who you are as a person doesn't change
radically, for most, and who your company is shouldn't either. As a
company evolves so will its core values. These changes should be a fine
tuning rather than a complete overhaul.
OtterBox core values are concrete—not
touchy-feely affirmations, but actionable attributes. We discuss our
core values in terms of business decisions, processes and systems.
We've even instituted a reward program aimed at honoring employees who
exhibit our core values in their daily course of business. Given the
diversity of the values, that's not an easy task. Below are the OtterBox
core values and abbreviated definitions:
- Passion: OtterBox is about an experience and a lifestyle. We strive to be the best at what we choose to do.
- Integrity: We trust if we do the right things, we will get the right results.
- Innovation: Built upon entrepreneurial values, we believe everything can be innovated.
- Strategically Driven: We spend one-third of the year planning and strategizing for the future.
- Adaptable: We are eager to embrace change.
- Partner Relationships: We foster long-lasting, win-win relationships with a focus on the future.
- Systemic: We are the sum of all our parts.
- Accountability: We do what we say we will do.
These values are the basis for every decision made within the
organization and have guided OtterBox through the potentially
treacherous path that leads from small company to big business. We're
not done with our journey yet but are confident that we're trekking in
the right shoes.
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