A person with integrity acts with honesty, honor, and truthfulness. Business Ethics, Strategy, and Organizational Integrity: The Importance of Integrity as a Basic Principle of Business Ethics that Contributes to Better Economic Performance: 10.4018/978-1-4666-7476-9.ch005: With a focus on the role of integrity in relation to business ethics versus economic strategy, this chapter contains following sections: 1) the concept of Like the law of gravity the law of integrity just is, and if you violate the law of integrity as we define it you get hurt just as if you try to violate the law of gravity with no safety device. Operational Integrity is the merging of People, Process and Assets into a well-defined, highly efficient and proactive organization. Operational Integrity user 2020-03-26T03:08:58+00:00 Companies cannot operate reliably, safely and profitably without having all People, Processes and … Integrity is a valuable skill in an employee, because it indicates they will perform to the best of their ability and act on their principles. ! These two words are specifically emphasized in organizational settings. This act of honesty in the workplace creates an environment of trust, compassion, and teamwork, which is why it's so valued. When speaking of ethics, in all professions there are ethics. The personal and organizational benefits of honoring one's word are huge—both for individuals and for organizations—and generally unappreciated. The three main elements of a successful business strategy are people, process and technology. Integrity is the quality of having strong ethical or moral principles and following them at all times, no matter who's watching. Perception that it is “safe” to explore areas of conflict/concern and that it … If you compromise your integrity in small situations with little consequence, then it becomes very easy to compromise on the small situations. Trust is a belief that someone is honest and credible; trust is earned by being honest, having a positive intent, having strong competencies, and a track record of results. Ethics vs Integrity The concepts of ethics and integrity go in a similar line yet have a clear difference between the two. The institutional mission, vision and values must be known and alive! Organizational Integrity Facilitating Variables ! While most everyone is adamant that their leaders ought to demonstrate integrity, honesty and trust, they do not define or understand those terms consistently. Integrity encompasses honesty, dependability, morals, ethics and honour. People with integrity follow moral and ethical principles in all aspects of life. People stand by these ethics as a manner of avoiding any dilemmas. Integrity is the act of behaving honorably, even when no one is watching. Organizational integrity refers to the ethical integrity of the individual actors, the ethical quality of their interaction as well as that of the dominating norms, activities, decision making procedures and results within a given organization. Integrity is a state of mind and is not situational. To implement a successful revenue integrity strategy, you must involve stakeholders from relevant departments, reinforced with an organizational commitment to transparency. Leadership must value institutional integrity and communicate this clearly; Senior leadership needs to be “on board”! Defined: Integrity means doing the right thing in the right way; it means adhering to values strongly held. Integrity should extend to professional areas at work such as decision making, interacting with colleagues and serving customers or clients. It means being thoughtful of others, and always doing the right thing, even in difficult circumstances.