BUSINESS INTEGRITY

(Taking the First

Step,
Hallmarks of
Business Integrity)

1
 Introduction
 Mainly interested in the role of integrity in the
business world today.
 Integrity in business is one of the crucial
aspects of the development and ongoing
existence of any kind of business.

2
 “Integrity is the ultimate responsibility of corporate leadership”
J. Badaracco, R. Ellsworth (1)


Integrity is wholeness of
person and means being
part of something.

Business integrity:
common values that make
people close to each
other; common aspects,
interests, and views that
make them to be
integrated.

3
 Key points

Importance of
Fundamentals of
Business Integrity in
Business Integrity
conducting business
 Fundamentals of Business Integrity:


Honesty: acting sincerely and never
misleading a business.


Fairness: courtesy in every action in
business, as well as justice.

“An honest man….the noblest work of God”

-Alexander Pope (2)

5
 
Trustworthiness: trust among co-workers,
shareholders of any kind of business.

Loyalty: fidelity in business, definite
company staff’s fidelity to customers.

6
Importance of Business Integrity in
conducting business

Turkuaz group
companies later named
“Turkuaz machinery” • Honesty
founded in 1992 in
Istanbul/Turkey at the
• Trustworthiness
same year started its • Fairness
activity in Kazakhstan. • loyalty
www.turkuazmachinery.kz
 The Enron Corp. - deceptive accounting
practices
largest energy - conflicts of interest
trader in the - deviation from business
market by 1998, integrity and ethics
and the largest - unethical behavior to
management, employees,
bankruptcy in US suppliers, society,
with shareholders shareholders
loss of $61 billion
by 2000.

8
 Right
decision

Prosperity Sustainability
Importance
of
Business
Integrity

Development Growth

9
 Conclusion

 Business Integrity leads to success.

 Lack of integrity in business leads to failure.

10
 Questions to participants:

 Canyou say another fundamental of

Business Integrity and describe it?

 Whatother benefits of Business Integrity you

can add?

11
Reference

 Joseph L. Badaracco, Jr., Richard R.

Ellsworth, Leadership and the Quest for Integrity
(Boston: Harvard Business school press,
1989), L.Nash, Good Intentions Aside,p. 32
 Alexander Pope, An Essay on Man, (1734),
p. 124