![]() ![]() They guide decision-making, especially during crucible moments, and help companies explain their choices to key stakeholders. In this era of complexity and uncertainty, well-defined principles can provide much-needed clarity and direction.Ĭorporate principles are distinct from mission, vision, and value statements. Over time, principles can shape company culture and empower employees to make decisions that align with corporate strategy. When communicating decisions, they should reference principles to demonstrate their relevance. The authors recommend that leaders begin by identifying what makes the company unique and involving employees at all levels. Some strong principles include “Focus on the user and all else will follow” (Google), “Privacy is a fundamental human right” (Apple), and “We won’t release a product until we would use it ourselves” (Tableau Software). They should offer behavioral guardrails and be distinctive to the company, open to debate, transferable across the organization, and integral to its mission. Well-articulated principles can provide direction for difficult decisions, especially in times of disruption. Companies need to develop strong guiding principles that go beyond generic mission statements and values, the authors argue. ![]()
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