More than anything else, values define Virco's culture. In fact, as our
Annual Report puts it, "Adherence to values comes before strategy or
tactics." The report goes on to make an equally important point; namely,
that "values, the beliefs about how a business treats its employees,
shareholders, customers, suppliers and even competitors, must not
The following core values are fundamental to Virco's way of doing business:
voice, dignity, fairness, leadership and merit. Taken together, they provide a
context for collaboration between Virco co-workers. Our values also serve as
guidelines by which Virco employees relate to people and organizations in the
communities where we operate.
In theory, this all sounds wonderful; but in practice, what does our commitment
to values really mean? When it comes to general business practices, for instance,
"Virco's values mandate transparent
restraint in executive compensation and honest reporting"
Annual Report, 2003, p. 13). On the level of service to others, our
program features an array of initiatives enabling us to support educators and
students, while also contributing to environmental excellence through
and resource recovery. And at the heart of our operations, Virco's values
inspire us to continually refine, update and improve the education
community's preferred selection of furniture and equipment.