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How Integrity Can Save Your Company (and the World)

How Integrity Can Save Your Company (and the World) | Small Business Development | Scoop.it
Among all the complex reasons cited for why the economy has gone south, here's one that might seem a tad simplistic: Integrity.

 

But almost every problem can be traced to a lack of integrity, which can determine everything from how individuals make decisions to how CEOs lead companies, according to economist and retired Harvard Business School professor Michael Jensen.

 

Jensen, known as one of the 1970s pioneers of “agency theory” – which is used to explain the conflicts of interest that arise when executive and shareholder interests are not aligned – has spent the last eight years studying integrity. Much of his research, along with co-author Werner Erhard, is expected to be published in the book “A Positive Theory of the Normative Virtues,” due out in 2014.

 

He recently spoke with The Wall Street Journal about why he thinks integrity is now more important than ever. Edited excerpts:

 

WSJ: What is integrity?

 

Jensen: People have spent thousands of years talking about integrity, and it’s gotten us nowhere. My colleague and I have spent eight years rigorously defining the concept of integrity. One reason our world is such a mess is that people see integrity as a virtue, as something that’s good and admirable. But integrity is a purely positive phenomenon, like gravity. It’s honoring one’s word.

 

WSJ: Why the big deal now?

 

Jensen: It’s always been a big deal, but the costs have been more lately.

 

WSJ: Why isn’t integrity a virtue?

 

Jensen: When you think about it as a virtue, it then occurs to you that it’s an option. When you look at integrity that way, you’re much more likely to give it up in order to gain something, like wealth, power or admiration from others. But if you take it on, you’ll find incredible things happen in your life. You become instantly trustworthy and people will become loyal. I’m not saying you should do it because it’s virtuous; you should do it because it’s in your own self interest.

 

WSJ: You’ve said integrity is relevant to the financial crisis. How so?

 

Jensen: Which scandal do you want to talk about? It’s at the core. It’s involved in millions of ways. Look at the manipulation of LIBOR. Literally, your paper [The Wall Street Journal] every day is full of the consequences of out-of-integrity behavior. And those consequences, by the way, are always bad.

 

WSJ: So does J.P. Morgan JPM +1.06%’s recent ‘London Whale’ fiasco show a lack of integrity?

 

Jensen: That’s not as clear. That’s a situation where something went wrong inside J.P. Morgan. Their control systems broke down; they were badly designed, implemented, and probably used for something they weren’t designed for.

 

WSJ: How would integrity apply to a CEO?

 

Jensen: For earnings, a CEO should say, ‘If I give you all the evidence that our earnings are $500 million, you will come to the same conclusion.’ It eliminates all kind of gaming. When you behave this way, people will end up trusting you.

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The Image Works Blog

The Image Works Blog | Small Business Development | Scoop.it

Introducing... Miss Way too Fierce and totally got it going on...

Superstar, Production Cook, Future Restauranteur,

Epiphany Brittanya Smith.

The princess of The Image Works Corporation.

#WorkThat!  Thank you, #T.D.Jakes.

#TheImageWorksCorporation, #TheJOY!

TheIWC_AJA's insight:

Happy Friday, October 10, 2014.

Welcome to… #TheKingdomofHisDearSon

TheKingdomofHisDearSon experience   Did you know [?]

God’s #empowerment::blessing to Man: male and female is

#TheWord… especially, spoken, #Beloved. #3John2.

#TheJOY! #TheImageWorksCorporation. #NowBelieve!

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Faith groups speak out against Obama's decision to delay immigration reform - Deseret News

Faith groups speak out against Obama's decision to delay immigration reform - Deseret News | Small Business Development | Scoop.it
Salon Faith groups speak out against Obama's decision to delay immigration reform Deseret News Acknowledging the difficult political climate the president has to negotiate, Eddie Carmona, campaign manager for the faith-based PICO National Network's...
TheIWC_AJA's insight:

Happy Saturday, September 20, 2014. Greetings Businessman and Businesswoman, It is an Economic World. Macro: Sozo (Salvation) Micro: Believe. Let us effect change in a meaningful manner. #TheJOY! #TheSoZoëLife; #TheImageWorksCorporation.

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The Image Works Blog

The Image Works Blog | Small Business Development | Scoop.it

“The Advantage of being ‘Uniquely You”

 

(East Providence, RI, USA, Wednesday, August 20, 2014. ) When a Master Designer, in the process of creating a masterpiece, changes colors and patterns at different intervals, in order to create the image that the Master Designer has in their Vision, would we who are the onlookers (witnesses) label it a “Failure?” Of course the answer is, “no.”

 

Consider, why do we who are in God’s “Process of Life,” label the incremental development (The Some 30, 60, Some 100 Fold, and, Newness of Life) of others in their “Change Process/Developmental stages” a failure? 

 

TheIWC_AJA's insight:

Happy #FashionForwardFriday, October 10, 2014. #TheKingdomofHisDearSon experience... Consider.. Why do we who are in God’s “Process of Life,” label the incremental development (The Some 30, 60, Some 100 Fold, and, Newness of Life) of others in their “Change Process/Developmental stages” a failure? 

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The Image Works Blog

The Image Works Blog | Small Business Development | Scoop.it

The Blessing of The Lord maketh rich and He adds no sorrow with it. It is written Proverbs 10:22. Do you believe?  I believe. So, when is the last time you were sorrowful? Me? It’s been a while.

#The JOY! #TheImageWorksCorporation. 

Happy #FashionForwardFriday, October10, 2014.

Welcome to… #TheKingdomofHisDearSon.

The Kingdom of His Dear Son experience 

TheIWC_AJA's insight:

Happy #FashionForwardFriday, October 10, 2014.

 Welcome to… #TheKingdomofHisDearSon

The Kingdom of His Dear Son experience Is #prospering a #TopPriority for #You?

It is for #God, Beloved. #3John2. #TheJOY! #TheImageWorksCorporation.

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Pinning for PR: 3 successful Pinterest campaigns

Pinning for PR: 3 successful Pinterest campaigns | Small Business Development | Scoop.it

With each passing day, PR is being nudged away from the familiar comfort of text-based communications to more visual forms of communications, especially in digital campaigns. 

Today, among other platforms, Pinterest must be part of your social PR campaign strategy, especially if your target audience is female. It’s easy to dismiss Pinterest as a site where women just share pictures of fashion and food, but do so at your peril. Consider this: 

• One-third of the women in the U.S. use Pinterest, according to Pew Research Center’sSocial Media Update 2013.
• 85 percent of the estimated 40.1 million monthly Pinterest users in the United States in 2014 are female.
• New data from social sharing service ShareThis shows that for the first time, Pinterest outpaced email to become the third-most popular sharing channel in the fourth quarter of 2013.
• Pinterest is the channel of choice for moms, who share three times more than the average user, according to MarketingLand.com.


Still need to be convinced? Here are three examples of creative and effective PR campaigns using Pinterest as a central communications hub: 


Via Jeff Domansky
TheIWC_AJA's insight:

Happy August 1! The #Confident Soul is not self-trusting. The #Confident Soul anchors itself in #Truth. #TheImageWorksCorporation #TheJOY! #Zoë. 

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Jeff Domansky's curator insight, July 31, 2014 10:20 PM

Pinterest and PR can be a winning combination when integrated as these three successful campaigns show.

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Brands Jump the Sharknado With Whirlwind of Fishy Pun Tweets | AdWeek

Brands Jump the Sharknado With Whirlwind of Fishy Pun Tweets | AdWeek | Small Business Development | Scoop.it
Don't act surprised. You knew it was coming, and the brands knew it was coming. The bad-on-purpose Sharknado 2: The Second One premiered last night on Syfy, and people watched it.

Via Jeff Domansky
TheIWC_AJA's insight:

Happy August 1! The #Confident Soul is not self-trusting. The #Confident Soul anchors itself in #Truth. #TheImageWorksCorporation #TheJOY! #Zoë. 

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Jeff Domansky's curator insight, July 31, 2014 10:08 PM

It's not to late for your brand to Jump the Sharknado 2 too! ;-)

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Arup | Thoughts | Legislation is making BIM happen

Arup | Thoughts | Legislation is making BIM happen | Small Business Development | Scoop.it
RT @ArupThoughts: How can we unlock the full potential of #BIM? A change in procurement mindsets http://t.co/om3A6il82h http://t.co/9HoQZer…
TheIWC_AJA's insight:

Happy August 1! The #Confident Soul is not self-trusting. The #Confident Soul anchors itself in #Truth. #TheImageWorksCorporation #TheJOY! #Zoë. 

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Twitter: the future's bright - but more like Facebook than ever

Twitter: the future's bright - but more like Facebook than ever | Small Business Development | Scoop.it
Twitter’s quarterly results were unexpectedly positive, but its plans point to ditching replies and moving to a Facebook-style curated feed.
TheIWC_AJA's insight:

Happy August 1! The #Confident Soul is not self-trusting. The #Confident Soul anchors itself in #Truth. #TheImageWorksCorporation #TheJOY! #Zoë. 

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Oracle slashes Larry Ellison's stock options following shareholder discontent

Oracle slashes Larry Ellison's stock options following shareholder discontent | Small Business Development | Scoop.it
Oracle slashes Larry Ellison's stock options following shareholder discontent http://t.co/WOr6Gdo0xu #Technology
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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Within grasp: A world without (charging) wires - Fortune

Within grasp: A world without (charging) wires - Fortune | Small Business Development | Scoop.it
Within grasp: A world without (charging) wires
Fortune
Last month, it was revealed that Toyota had plans to release a plug-in electric Prius in 2016 that needed no plug at all to recharge, thanks to wireless technology from a U.S.
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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Cold War Strategy: US hits Russian energy & finance sectors with more sanctions

The United States announced a new round of sanctions against Moscow, accusing the Kremlin of supporting anti-Kiev militias in eastern Ukraine and threatening to cripple the Russian economy....
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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Life at Dell: Finance Development Program

Dell's Finance Development Program (FDP) is a two-year career development program that allows entry-level team members in Global Finance to participate in six-month rotations to build their...
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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See The Love

See The Love | Small Business Development | Scoop.it

1 John 3:1Amplified Bible (AMP

See what an incredible quality of love the Father has given (shown, bestowed on) us, that we should [be permitted to] be named and called and counted the children of God!

And so we are!

The reason that the world does not know (recognize, acknowledge) us is that it does not know (recognize, acknowledge) Him.

TheIWC_AJA's insight:

Happy #FashionForwardFriday, October 10, 2014. 

#JOY! #TRUTH

I SEE it in my Vision;

I Believe it in my Mission;

I Have it in my Reality; #Prosper.

The Image Works Corporation

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Small Business Optimism Improves, Still Low - WABE 90.1 FM

Small Business Optimism Improves, Still Low - WABE 90.1 FM | Small Business Development | Scoop.it
Small Business Optimism Improves, Still Low
WABE 90.1 FM
“Small business owners, frankly, are very reluctant to go out and hire somebody," says Kyle Jackson, head of Georgia's chapter of the NFIB.
TheIWC_AJA's insight:

Happy Friday, September 12, 2014. Greetings Businessman and Businesswoman, It is an Economic World. Macro: Sozo (Salvation) Micro: Believe. Let us effect change in a meaningful manner. #TheJOY! #TheSoZoëLife; #TheImageWorksCorporation.

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The Image Works Blog

The Image Works Blog | Small Business Development | Scoop.it

 Welcome to… #TheKingdomofHisDearSon

The Kingdom of His Dear Son experience  God is Love… Glorious Perfect Love. With this understanding, when does God allow “hate” in His Presence… never! As a matter-of-fact, God commands respect and; thus, the Man (male and female) response would be repentance to maintain the Glorious Perfect Love relationship with The Eternal Living God.

 

Do not allow unforgiveness to consume you. Remember, the atomic measurement of Glorious Perfect Love is still love or by Man’s (male and female) observation may be labeled, “like.”

 

“Be Empowered To Prosper.” 

Thank You, Cartier (Photo credit).

 

TheIWC_AJA's insight:

Happy #FashionForwardFriday, October 10 2014.

Welcome to… #TheKingdomofHisDearSon.

The Kingdom of His Dear Son experience .

God is Love… Glorious Perfect Love. 

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The Image Works Blog

The Image Works Blog | Small Business Development | Scoop.it

Complete JOY… Complete JOY… Complete JOY, My JOY is complete… How is your Joy? It is written, John 15:11.

Jesus said, “It is finished.” This is how I know My JOY is complete.

How is your JOY? #Rejoice. Luke 10:19 and 20. 

#TheJOY! #TheImageWorksCorporation

Happy #FashionForwardFriday, October 10, 2014. 

#TheKingdom of His Dear Son experience 

TheIWC_AJA's insight:

My JOY is complete… How is your Joy?  #JOHN1511.

#TheJOY! #TheImageWorksCorporation.

Happy #FashionForwardFriday, October 10, 2014. 

#Welcome to… #TheKingdomofHisDearSon.

The Kingdom of His Dear Son experience. 

 

 

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Unusual and Useful Twitter Search and Filtering Techniques

Unusual and Useful Twitter Search and Filtering Techniques | Small Business Development | Scoop.it

If you follow more than a handle of accounts, your Twitter stream can quickly become a firehose of irrelevant information. Because of this, many veteran users never visit their stream. Instead, they create lists or run saved searches.


Here are a few other options to help you filter your Twitter stream for more useful, relevant, information....


Via Jeff Domansky
TheIWC_AJA's insight:

Happy August 1! The #Confident Soul is not self-trusting. The #Confident Soul anchors itself in #Truth. #TheImageWorksCorporation #TheJOY! #Zoë. 

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Jeff Domansky's curator insight, July 31, 2014 10:33 PM

Your Twitter stream can quickly become a firehose. Turn down the noise with these excellent Twitter search and filtering techniques.

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Why Instagram Ads Could be Huge for Facebook's Mobile Empire

Why Instagram Ads Could be Huge for Facebook's Mobile Empire | Small Business Development | Scoop.it
It's still unclear when Instagram ads will become widely available to marketers. Facebook doesn't appear to be in a hurry to make purchasing and placing Instagram promos an automated experience, instead maintaining that its so-called white glove service to a few dozen Fortune 500 brands will remain the status quo.

Via Jeff Domansky
TheIWC_AJA's insight:

Happy August 1! The #Confident Soul is not self-trusting. The #Confident Soul anchors itself in #Truth. #TheImageWorksCorporation #TheJOY! #Zoë. 

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Jeff Domansky's curator insight, July 31, 2014 10:16 PM

Facebook considers its next moves with huge revenue on the horizon for Instagram ads.

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Tweet from @SenSanders

Tweet from @SenSanders | Small Business Development | Scoop.it
The Senate is now voting on the Sanders-Miller veterans care legislation. http://t.co/0isu6EbOuo
TheIWC_AJA's insight:

Happy August 1! The #Confident Soul is not self-trusting. The #Confident Soul anchors itself in #Truth. #TheImageWorksCorporation #TheJOY! #Zoë. 

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Commission finalises new CAP reform direct payment rules - News, analysis and expert comment on the CAP, agriculture, agribusiness, farm trade and the food industry worldwide

Commission finalises new CAP reform direct payment rules - News, analysis and expert comment on the CAP, agriculture, agribusiness, farm trade and the food industry worldwide | Small Business Development | Scoop.it
RT @Tim_AgraEurope: #Commission finalises new #CAPreform direct payment rules: http://t.co/DLwUb0Jbwi #CAP
TheIWC_AJA's insight:

Happy August 1! The #Confident Soul is not self-trusting. The #Confident Soul anchors itself in #Truth. #TheImageWorksCorporation #TheJOY! #Zoë. 

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4 Leadership Skills You Need, No Matter How High You Rank

In a recent survey, researchers found these abilities are essential whether you're a middle manager or the CEO.
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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Investing Successfully in Technology

From 3D printing to wearable internet devices, technology is changing how we live and work. It's giving investors a reason to smile, too. In the video, Michael Strobaek, Global Chief Investment...
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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North Carolina Offer to Purchase and Contract - PDFfiller

North Carolina Offer to Purchase and Contract - PDFfiller | Small Business Development | Scoop.it
Do your due diligence with NC standard form 2-T! Facilitate the signing and tracking of North Carolina Offer to Purchase and Contract using PDFfiller. (What does 'due diligence' mean in North Carolina?
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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DOWNLOAD Boachsoft Finance 2012 FULL VERSION

Download link: http://litle.me/342633 Boachsoft Finance 2012 new Boachsoft Finance 2012 netload Boachsoft Finance 2012 keygen Boachsoft Finance 2012 serial Boachsoft Finance ...
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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2014 Big Ten media days roundtable - ESPN (blog)

2014 Big Ten media days roundtable - ESPN (blog) | Small Business Development | Scoop.it
Bleacher Report
2014 Big Ten media days roundtable
ESPN (blog)
CHICAGO -- Big Ten media days are in the books and the countdown to the 2014 season can officially begin.
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Happy Wednesday, July 30!

Words Have Power… “What Do You Say About You?”

Align your worth and your yield via The Law of Return in your “Words.” #TheImageWorksCorporation

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