...3/18/2015 Integrity in business | MSU Extension Integrity in business Integrity should be a cornerstone value for your business as well as your life. Check yourself to make sure you are a person of integrity and then communicate that value to your employees. Posted on March 26, 2014 by Phil Durst (http://msue.anr.msu.edu/experts/phillip_durst), Michigan State University Extension What are the values that describe your business? Does “integrity” come quickly to mind? It’s on my mind and I’d like to share some thoughts with you about it. Webster’s Dictionary lists several similar meanings for integrity among which are “firm adherence to a code of moral values; incorruptibility; the quality or state of being complete or undivided”, while listing honesty as a synonym. In short, integrity means that there is no difference between what you say and what you do – with no intention of deception. While in Kiev, Ukraine recently on a trip to speak at the VII Ukrainian Dairy Congress for Michigan State University Extension (/), I was reminded of the absolute importance of integrity. Several times, in private conversation or in speaker’s presentations, I was made aware of the fact that not all Ukrainian agricultural statistics could be believed because officials often reported what would make things (or themselves) look good, rather than the truth. Ukraine had just had a revolution and overthrown a leader who dealt in untruths and facilitated corruption that enhanced the riches of those who were loyal to him...
Words: 1000 - Pages: 4
...In this fast paced business world sometimes important things are forgotten. Integrity is one of those things. People often forget how important integrity is in business and life in general. Integrity should be a quality we all have and a manager has a responsibility to assure that employees are providing integrity in the company and that information under their control has integrity. Honesty is an important component of integrity. Integrity of the information or data provided, candidness and character are also qualities that need to be present to have integrity. Having integrity is important in order to establish and sustain respect for the organizations they work for and from the people that work for them. Integrity is important in our economy today, because the economy is not as good as it has been in the past. This leaves room for more dishonesty and employees being unethical at work. Today’s economy has managers and just management showing a lack of integrity in corporate management of companies such as Enron and others. The result of these incidents has led to a loss in good reputation by the companies involved and a lack of trust in company management in corporate America. These situations resulted in bankruptcy, employee losses, and even personal lawsuits. As part of an organization we as individuals must take pride in providing information of integrity to make management easier. As we strive to show and provide integrity to management we will earn the respect...
Words: 754 - Pages: 4
...Ethical and Socially Responsive Business Diane Renae Turner Business 100 Dr. Kazem Khan, Ph.D Strayer University June 16, 2014 Abstract In this paper, we will look at the Ethical and Socially Responsive Business of Chipotle Mexican Grill. As the CEO of Chipotle I will explain key areas of our conduct code and its importance, and the steps we take to ensure our employees follow our code. I will then explain our commitment to social responsibilities to our community. Our conduct code is the foundation to our company, and we take great pride in teaching our employees so they will have the necessary tool to provide our customers with outstanding customer service. Chipotle believes in giving back to our community, doing this brings us closer to our customer and employees. Key areas of our conduct code One of our key areas of conduct for our company is integrity not only to our customer but for ourselves. We believe that integrity is the heart and soul of a successful company. ”Chipotle is a company based on integrity. Integrity is about being real and being honest. It means doing the right thing even when no one is watching. These values permeate the way we do, and do not do, business. You are expected to use good judgment, adhere to high ethical standards, and avoid situations that create an actual or perceived conflict between your personal interests and those of Chipotle. Chipotle requires that the transactions you participate in are ethical and within the law...
Words: 553 - Pages: 3
...Kriss Smith 6/26/2014 Ronda Williams Final paper When dealing with ethics, integrity and management everything in the organization must be carefully monitored to assure there is the least possible amount of unethical activity. Unethical activity has in most cases negative effects on an organization such as legal issues resulting in fines, slacked employee performance and loss of company credibility. Even with the high risk of unethical behavior people often find themselves in situations in which the temptation can be high due to having to reach unreachable goals in short amounts of time. These three concepts provide the foundation of success when building a successful organization. They are the aspects that if they are not monitored there can be major dilemma’s that arise. Management consists of the interlocking functions of creating corporate policy and organizing, planning, controlling, and directing an organization's resources in order to achieve the objectives of that policy. They also can be defined as the directors and managers who have the power and responsibility to make decisions and oversee an enterprise.The size of management can range from one person in a small organization to hundreds or thousands of managers in multinational companies. In large organizations, the board of directors defines the policy which is then carried out by the chief executive officer, or CEO. Some people agree that in order to evaluate a company's current and future worth, the...
Words: 1017 - Pages: 5
...primary source of advice on efficiency, effectiveness and overall economy of an establishment. Auditing starts its journey where accounting end. In today’s society the exercise of an auditor’s to the economic and ethical leadership sets the bounding standard or in other words equips an auditor in such a way that recognizes him as a reliable body. With the growing conscious recognition of the importance of financial data in the ordering of everyday business and economic life, the need of basic economic facts is providing a constantly enlarging opportunity for the accounting profession. The auditors' reports have an especial capacity to fulfill the need for reliable and authoritative financial material not only because of the reputation or prestige of the certified statements, but also because of the significance generally attached by the business man to the functions of the auditor and his reports. These functions, and the scope of these reports, have in the past been definitely related to the character of and changes in business activity. Audits and reviews are basically procedures performed on the financial statements of a company, for the purpose of determining whether the financial statements include any material misstatements. Misstatements are essentially wrong numbers due to numerical errors, fraud, or errors in interpreting the accounting...
Words: 6792 - Pages: 28
...Essay Integrity management consulting is a fast-emerging global sector that advises individuals and corporations on how to apply the highest ethical standards to every aspect of their business. At the core of integrity management is the belief that companies have a strong interest, as well as a responsibility, to act with integrity at all times. This field arose in response to (a) the increased perception that companies are more likely to succeed when they act with integrity and (b) increased awareness by company directors of the need to seek expert advice to help them align and incorporate high ethical standards with business strategy and integrate them across all operational functions. In recent years, the general public have become both better informed and more concerned about business ethics at home and in developing countries. As a result governments have been called on to legislate, and business leaders to innovate, to ensure that high ethical standards are put at the heart of business and industry. The field of integrity management aims to address: 1. The demand for companies to respond to increasing awareness of ethical misconduct and resulting expectations for transparency and accountability; 2. The requirement for companies to comply with a stricter legal framework and avoid prosecution for unethical behaviour; and, 3. The desire for executives to make their enterprises leaders in responsible and sustainable development. Contents * 1 Increased public...
Words: 1551 - Pages: 7
...in their businesses and government officials on shaky grounds. The tainted view of the American business world is the product of corporations' greedy endeavors, more willing to do anything "for profit", than following the ancient 'for-consumer' mantra "the customer is always right". As our economy crumbles and people's confidences wane, surprisingly, some companies have survived through the deterioration of our economy, some have even managed to grow throughout the recession. Jefferey Hollender and Bill Breen, authors of The Responsibility Revolution, believe these companies have thrived because they have a different standard set for themselves. The standard of responsible contribution to society and the environment. Hollender and Breen believe that this standard is starting to revolutionize the business world by prioritizing integrity into their value system. Being responsible demands companies to do the right thing, doing the right thing starts with "Integrity". The lack of integrity that runs from the government through our businesses has resulted in a system that is no longer stable and predictable. Consequently, the businesses that show heart in what they aim to do, whether it is to become more financially, socially or environmentally sustainable, have opened consumers' eyes to businesses they should trust. Robert Moment the writer of "The 7 Principles of Business Integrity" stated that businesses need to "Recognize that customers/clients want to do...
Words: 2807 - Pages: 12
...Challenges in the Global Business Environment Student’s Name Professor’s name Course title Institution Date The Coca Cola Company The nature, structure, types of products This is a beverage business, which was founded by Pharmacist Dr. John Pemberton. It is among the largest manufacturer, supplier, and seller of the non-alcoholic drink concentrates and syrups. The company is well known for the production of over 500 brands in more than 200 states and serves about 1.7 billion servings every day. The company is mainly based in Atlanta, USA. The Coca Cola Company manufactures and sells numerous types of carbonated soft drinks including the very common brands like Coca Cola, Diet Coke, Coke Zero, Sprite, Fanta. Other drinks comprise Oasis, Powerade and Schweppes Abbey water. The company also owns the Schweppes types of products, Energy drinks plus the glacial Vitamin water types. The corporation has established well structure links with various other companies, such as the bottling associates. The company sells its concentrates and syrups to the bottling partners, which are legally permitted to manufacture, distribute and market branded products. The trade scheme that consists of the coke company along with the bottling associates is known as the Coca Cola system. The company collaborates with its bottlers globally to make certain that the concentrates and syrups are made into finished beverages that are manufactured and sold to customers globally. Code of ethical conduct...
Words: 2097 - Pages: 9
...Introduction “Are students’ perceptions of academic integrity the same in the online environment as they are in the classroom?” (Swartz & Cole. Journal of Business and Education Leadership. Pg. 102) With so many more business students taking courses online, instructors and institutions have to trust that the students are being trustworthy. It also needs to be determined as to what constitutes cheating and what is acceptable. After studying online business course students – in regards to academic integrity – it seems that the use of technological advances needs to be evaluated in the online setting as well as the classroom as to whether it is acceptable for use or considered cheating. Summary What is academic integrity? “It is the professional code serving academia, including students, instructors, researchers and the institution itself.” (Swartz & Cole. Journal of Business and Education Leadership. Pg. 104) A study was done at Robert Morris University in Western Pennsylvania to determine what students felt was acceptable in both online learning and the actual classroom, how easy it was to cheat, and what could be done to discourage it more. “As a recent experience at Harvard demonstrates, maintaining academic integrity is a problem in the classroom as well as in the online setting.” (Swartz & Cole. Journal of Business and Education Leadership. Pg. 103) Students from several business courses with differing demographics were surveyed. The goal of the study was to identify...
Words: 872 - Pages: 4
...by which decisions are made about right and wrong, should and shouldn’t, good and bad (Values, Morals and Ethics, 2010). In our daily lives we come across so many issues. Some of these issues can be categorized into medical ethics, legal ethics, business ethics, and personal ethics but the ways of relating to such issues are derived from basic ethical values (Ethical Values as Part of the Definition of Business Enterprise and Part of the Internal Structure of the Business Organization, 1998). The basic Ethical values that I feel are very important are Honesty, Integrity, Building Trust, Respect, and Being Responsible. I value these Ethical Values that I have earned and I admire people who have such values because not only do these values build ones image but at the same time through these values people have a positive perception of peers and organizations are willing to work together for mutual benefits. This paper comprises detailed descriptions and analysis of the identified Ethical values. I will culminate by discussing how implementing these values make a difference in our personal and professional life. Honesty It refers to a facet of moral character and denotes positive, virtuous attributes such as integrity, truthfulness, and straightforwardness along with the absence of lying, cheating, or theft (Honesty, 2010). There is not one organization in this world that doesn’t include this Ethical value to their code of ethics. Being Honest is being real and...
Words: 1395 - Pages: 6
...background: TITLE: STARLYTE SOLUTIONS Agenda: Business process for a long term period Purpose of business: the purpose of implementing of new wearable technology in the present ongoing system * To create a concrete figure of our business in the market, updating the business with the new wearable technology will help it growing in long term run. * Using the information system technique can organize the work more simple and reliable to use. * The use of wearable technology with help in combining the solution for the problem in an organization of various factors. According to the research on various terms the productivity of variable things are to be made available. New technology play vital role in saving the time and money of an organization substantially carrying various task together. The age of quantified self has started with wearable technologies such as Jawbones, Fit bits etc. Many companies are using wearable technologies to keep track of their staff, improve their collaboration and efficiency. However, introducing such technology to a complex and sensitive system such as payroll management can put forward many challenges to the management and the organisation. Business Challenges with introducing new wearable technology to manage payroll information: Achieving Integrity and trust with employees: The biggest challenge in implementing wearable technology on the employees to manage payroll information is integrity. Everyone in the organisation would be struggling...
Words: 1573 - Pages: 7
...Cheating in Business Schools and Creating a Culture of Integrity Nichole M. Roberts NorthCentral University Northcentral takes pride on the stature of giving its graduates the opportunity to earn a “U.S. Regionally accredited degree” (Mission Statement, 2012). Along with mentors, academic advisors, librarians, the writing center, deans and many other individuals; they all strive to keep students on the right path. Along that path, there could be temptation to veer from an honest path and cheat. Cheating could be getting someone else to write a paper for a class, taking a test with a group of students or using technology to outwit the program students are utilizing for class. If we are to become “valuable contributors to our communities and professions” (Mission Statement, 2012) we should take our classroom work and academics on a serious note by following the values Northcentral University set aside for students. The values of Northcentral University are made up of an acronym. “I.D.E.A.” founded through the integrity of values formulated at Northcentral have become a very serious guideline for the graduate and undergraduate MBA programs. Linda K. Trevino of Smeal College of Business stated that cheating is more prevalent in business schools than regular colleges. Some say it has to do with whom business school appeals to. Others say that is could possibly have to do with what is taught and learned throughout the journey of business school. With the problem...
Words: 1624 - Pages: 7
...primary source of advice on efficiency, effectiveness and overall economy of an establishment. Auditing starts its journey where accounting end. In today’s society the exercise of an auditor’s to the economic and ethical leadership sets the bounding standard or in other words equips an auditor in such a way that recognizes him as a reliable body. With the growing conscious recognition of the importance of financial data in the ordering of everyday business and economic life, the need of basic economic facts is providing a constantly enlarging opportunity for the accounting profession. The auditors' reports have an especial capacity to fulfill the need for reliable and authoritative financial material not only because of the reputation or prestige of the certified statements, but also because of the significance generally attached by the business man to the functions of the auditor and his reports. These functions, and the scope of these reports, have in the past been definitely related to the character of and changes in business activity. Audits and reviews are basically procedures performed on the financial statements of a company, for the purpose of determining whether the financial statements include any material misstatements. Misstatements are essentially wrong numbers due to numerical errors, fraud, or errors in interpreting the accounting...
Words: 6792 - Pages: 28
...standardization and consolidation, operates its entire global enterprise on HP systems — from the HP Integrity servers that run its SAP ERP and Business Information Warehouse, to the HP iPAQ Pocket PCs used by its retail salesforce. In addition to cost savings, the simplified infrastructure has enabled quick response to business change — most notably when General Mills acquired Pillsbury, a company of near equal size, and integrated it into its infrastructure in just 16 months. General Mills markets 100 of the world’s best-loved food brands, including Betty Crocker, Haagen-Dazs, Pillsbury, Green Giant, Old El Paso, Wheaties and Cheerios. It holds the No.1 or No.2 market position in virtually every category in which it competes. It also relies on a single vendor for its IT systems worldwide: HP. “We think that we’re extremely different in the way that we manage information systems at General Mills,” says Vandy Johnson, senior director of I.S. Operations, who oversees the $12.3 billion - dollar company’s business warehouse, data management, telecom, network, I.S. security, data center, and server and web infrastructure operations. General Mills operates the core of its business — supply chain, product lifecycle management, finance, human resources, business intelligence and data warehouse — on SAP R/3 and an Oracle9i database running on HP-UX11i v2 on Intel® Itanium® 2 processor-based HP Integrity servers. It relies on HP for its Intel-based servers and its desktop, notebook, and handheld...
Words: 3508 - Pages: 15
...Integrity Glove™ Plan December 10, 2014 Russ Sumpter Table of Contents I. Executive Summary 3 Description of Business 3 Mission Statement 3 The Product 3 Market Analysis 3 Future Projections 4 Financial Overview 4 II. Market Analysis Summary 4 Industry Analysis 5 Market Trends 6 Barriers to Entry 6 Changing Forces 6 Customer Analysis 7 Competitor Analysis 7 Critical Success Factors 8 III. Business Implementation and Evaluation 8 Implementation Plan 9 Evaluation 9 I. Executive Summary Description of Business Increasing demand for accurate score keeping coupled with advances in golfing technologies and the ever expanding locations of golf courses have dramatically altered the golfing world by making golf courses more accessible and have leveled the playing field between novice and experienced golfers. However, unlike times past when scores were tallied based on personal integrity, there is now a way to keep a golfer honest about their score keeping. . This will be accomplished by partnering with local golf courses to promote this new technology during the initial roll out phase of the Integrity Glove (IG). The company will provide a select few North Texas golfers with an opportunity to try out the latest innovation in golf scoring equipment at their preferred course. Innovations that improve the accuracy of scoring will enhance the competition and enjoyment of the game for all parties involved. Scoring has traditionally been a function...
Words: 2998 - Pages: 12