Statement of Core Values or
Philosophy of Operations Statement
The final component of developing the foundations of the management system for your family business surrounds the beliefs and behaviors that you intend to follow or keep sacred in managing your family farm business. Specifically, a Statement of Core Values or Philosophy of Operations Statement.
In order for your family business to ascend towards its vision, core values must be clearly identified and communicated. A well-developed Statement of Core Values will make it clear to the reader and your team whether your future plans for growth are reserved and conservative or aggressive, whether your priorities are based on the “here and now” or whether you value “the long term”. Your Statement of Core Values also answers the question or how members of your family business should behave toward one another and your customers and vendors.