“Honour a person's word, even if he isn't necessarily able to keep his promises.”
According to Harvard Professor Michael Jensen, this is one of the basic aspects of integrity, a concept that, when applied to organisations, directly influences value creation.
According to Professor Jensen, organisational integrity is extremely powerful because leaders take responsibility for the expectations of the people in their group or organisation and learn how to manage them. This strengthens the climate of trust and can transform people, entire organisations and even the world. In order to maximise value creation, integrity is required.
Professor Jensen presented his new integrity theory (applied to personal lives, to organisations and, by extension, to the whole world) at the meeting of the ESADE-HEC CEO-Board Forum, which took place in Barcelona on 16th October. Professor Jensen is still in the process of developing the theory. During his visit to ESADE, he took the opportunity to meet with European business leaders to learn their opinions.
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