How to Maintain Integrity of Business

1
How to Maintain Integrity of Business
2

• Sir, I am a business man and I am running my
  business since many years but I am always
  worried about integrity of my business in short
  I can say I am facing moral challenges so
  basically what I want to know is how I can
  maintain my business and dont face the moral
  challenge and not end up doing something
  which will destroy the trust of people please
  guide me? (BBGV1212021)
• Today, most entrepreneurs understand the
  importance of integrity in business. After all,
  words like "legitimacy", "trustworthiness" and
  "precision are famous on corporate websites and
  in all marketing materials. But do you know what
  business integrity really means? How do you rate
  your business? And most notably, what can you do
  to develop it? What Business Integrity Means On a
  personal level, people of integrity have a strong
  moral compass.
• They keep their word, take full responsibility
  for their actions, and stick to their moral
  codes, even if sometimes that means ending up in
  awkward situations or having to make difficult
  decisions. In a trade context, the business
  dictionary provides the following definitions
• Strict loyalty to a moral code, reflected in
  clear honesty and total harmony in what we think,
  say and do. State of a system in which is
  performing its intended functions without being
  degraded or compromised by changes or
  interruptions in its internal or external
  environments
• As an entrepreneur, your personal integrity is
  reflected in the way you do business. Whether
  you're a service provider or have a handful of
  staff on board, the moral code you pursue outside
  of work is the same set of values that you apply
  (or should apply) to professional relationships.
•  

3

• Let's say you are working on designing a website
  for one of your clients. You are committed to
  delivering a quality project that will be your
  original idea.
• The client trusts your skill, so even if there's
  no proper agreement, you don't cut corners as it
  would be against your work ethic.
•  
• Taking this to a level, integrity also refers to
  the actions of your business as a whole. If you
  and your workers show moral conduct in dealing
  with clients, suppliers and internally with each
  other, your business will perform better than if
  it were the other way around.
•  
• The business integrity game comes down to making
  tough decisions guided by your internal compass.
  You won't always feel comfortable with the
  choices you make, but you will know and feel that
  it is the right thing to do.
• Acting with integrity can be even more difficult
  under adverse conditions. If your business is in
  trouble, you will be more willing to keep it
  afloat by doing things you might not do under
  "normal circumstances". You can use business
  practices and strategies that promise short-term
  gain at the expense of your integrity. Why
  business reliability matters Now that we
  recognize what integrity in business is, let's
  see why it matters and why you should care about
  running your business under its banner.
• Gives your business a competitive advantage Trust
  is not easily earned these days as customers are
  becoming more wary of the companies they choose
  to interact with. For this reason, large
  corporations put a lot of effort and resources
  into proving that they conduct business morally.
  Most of the time, people only know better.
  Looking for an alternative to corporate
  suppliers, many customers turn to small
  businesses, just like yours, to source products
  and services.

4

• That's why it's even more vital that you run your
  trade with integrity and meet that demand.
  Companies that live and breathe their values are
  the ones people are willing to spend their money
  on. If you offer quality, play fair with your
  customers, and also offer transparency, people
  will keep knocking on your door.
• It makes difficult decisions easier imagine a
  swashbuckling scenario where you get an email
  from a former employee of your direct competitor.
  The person claims to have inside information that
  might potentially damage that company's public
  image. Would you be willing to play dirty and use
  this information to your advantage? An
  entrepreneur with a solid moral code would never
  consider accepting that offer. Whenever you face
  a tough business decision and choose to follow
  your moral compass, it's a positive step. The
  next time you have to make a similar judgment, it
  gets a little easier and results in less
  decision-making effort.
• It costs less in the long run at first, running
  your business with integrity can seem like an
  expensive investment. Why refund a dissatisfied
  customer if it means losing profit? Why accept
  project feedback if it means corrections that
  take time from you? Some entrepreneurs are more
  than willing to violate their moral code to
  secure immediate profits or delay the
  consequences. The truth, however, is that lack of
  integrity can only lead to short-term victories
  and never lasting successes? Instead, concentrate
  on building strong associations with your clients
  based on sincerity and mutual respect. Don't bet
  on your customers' trust to make a few extra
  bucks today and lose thousands tomorrow. It just
  isn't worth it.
• Helps ensure favorable advertising these days,
  news travels fast and negative stories are the
  ones that attract the most attention. It doesn't
  take long for a Tweet or YouTube video to go
  viral. But it also works in reverse. Treating
  your customers, staff and contractors with
  integrity can help you get favorable social media
  mentions and provide word of mouth advice. It may
  seem small at first, but a good reputation
  doesn't build overnight.

5

• Five dimensions of business integrity As an
  entrepreneur, you've probably learned to make
  certain decisions almost automatically, based on
  a model that has worked well so far. Sometimes,
  however, you should stop and consider whether or
  not the decision you are about to make fits your
  moral compass.
• Business integrity has many faces, so you should
  be able to recognize them when they come your
  way. Each represents an occasion to build or
  damage your resilience.
•  
• Confidence Whether you store sensitive customer
  data, handle confidential contract information,
  or promise to provide quality service, build a
  relationship of mutual trust with your business
  partners. Consistency Business integrity is not
  something you can change on a whim. You don't
  play your morals according to the situation or
  you decide to put it aside when it's convenient.
•  

6

• There will be times when it is easy and natural
  to behave with integrity and times when it is
  more difficult. Consistency means you don't ghost
  a longtime customer if a more profitable contract
  comes along. Plus, you don't suddenly start
  cutting corners and providing shoddy customer
  work to focus on a better paying job. Property
  The ability to admit a mistake and face the
  consequences head on is pure gold in business. It
  takes courage to say "I was wrong", compensate
  for the evil and move on without complaining.
•  
• CONTACT Us
• 450, Mastermind 1, Royal Palms, Aarey Colony,
  Goregaon (E), Mumbai, Maharashtra 400065
• Ph 91 8097027355, 91 9137256150, 91
  9222086563
• Visit https//prakashbhosale.com/
•