It is very important, to be honest, and truthful in our personal as well as professional lives. And when we come to talk about being honest and truthful in the world of business and corporate, it is the term integrity that has been coined as one of the crucial and vital fundamentals for the success of the business.
And it is quite imperative for the business leaders to understand that Integrity is important as they will lead an example for their employees of the firm who look up to them and follow their footsteps to become to the future leaders.
Let us discuss in detail why integrity is important in the world of business and professional life
Importance of Integrity
1) Makes you a leader
When you hold a top managerial position in the firm or are a part of the higher management it becomes quite vital to follow and understand that Integrity is important at each and every level of your work. Being honest and truthful about all the work-related issues and problems many run some people in the wrong way who do not understand its importance and might hinder your growth for a short period of time.
But when we draw a larger picture and think from a broader spectrum, the facet of integrity will definitely take you places in your professional career graph and make you a leader earning you followers not only at the workplace but also in the outside world.
2) Makes you grow in your career graph
This point is highly applicable to the ones who are just out of their management schools and starting out their career with the first ever job as a management trainee or an executive. Quite many companies that know and follow the nuances of integrity in their business management practices and work operations, look for the candidates that are not only qualified and professional in nature but very importantly have the quality of integrity.
As such companies understand that a person’s work-related skills can be developed through the various training and development programs but integrity needs to be owned by an individual. And if you are honest with your work, it will make you grow in your career graph in a short period of time.
3) Attracts financial investors
Corporate companies regularly need funds and investments from outside parties such as investors, banks, and financial institutions on a regular basis to expand the horizons of their business operations. And when the firm understands that integrity is important and displays the qualities of honesty, good faith, and truthfulness maintaining healthy and fruitful relations with the investors and other parties involved, the management is able to attain its financial and other business goals in a seamless manner.
From the discussion, it can be very well understood that finance is one of the most crucial aspects of the business, and integrity plays a very important role for the firm to sets it cash registers ringing.
4) Attracts customers
If not being honest and truthful in the market with the customers screams louder, trust us, being honest and maintaining Integrity and understand that integrity is important screams even louder. When the film follows the path of the latter, it surely attracts and retains the loyal set of customers.
Even the customers wish to buy the product and service offerings by the firm that is high on the levels of integrity and take immense pride in getting associated with the brand. And it is also quite crucial for the firm to realize that customer is the king and he is the ultimate source of income and to stay afloat in the market.
5) Adds a Competitive advantage
With the changing times and especially with the onset of digital marketing and social media, there is an increased level of competition in the market for the firms. And one of the strongest attributes that the firms can embrace and follow to beat the ever growing competition is integrity.
It makes the firm stand apart from the competition as the product and services offered by the firm follow the parameters of quality and it satiates the needs and demands of the customers. Plus the firm offers the finest levels of customer service and the overall experience through fair and transparent dealings winning the trust and faith of the customers.
6) Enhanced brand value
When we sum up all of the above-mentioned points then the firm realizes and understands that integrity is important in each of its business facets and aspects and it is able to carve a niche for its brand in the market and industry as a whole.
Right from beating the competition in the market, long list of loyal customers, attracting good and talented workforce to attaining the financial and other business goals; all of it helps the firm to enhance and retain its high brand value in the market and industry as a whole.
7) Follows the parameters of quality
When the management understands that integrity is important, it also embraces the aspects of quality and follows its parameters at each and every level. And the ethic and fundament of quality help the firm to attain the highest pinnacle of success as it makes the firm gain a competitive edge plus the customers always for the firms that adhere to the realms of quality.
Class not only in their product offerings but also in the levels of customer service experience.
With all of the above discussion, it can be very well concluded that it is quite significant and imperative for the firms as well as the professional individuals to understand that Integrity is important at each and every level of their professional graph.
Apart from the enhanced brand value and competitive edge in the market, it helps the brand to build a positive perception in the minds of the customers, employees, investors, industry experts, and all the other stakeholders of the firm making it stay relevant.