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A New Model of Integrity: The Missing Factor of Production (PDF file of Keynote and PowerPoint Slides)

152 Pages Posted: 18 Apr 2010 Last revised: 10 Sep 2013

Michael C. Jensen

SSRN; Harvard Business School; National Bureau of Economic Research (NBER); European Corporate Governance Institute (ECGI); Harvard University - Accounting & Control Unit

Kari L. Granger

Center For Character and Leadership Development

Werner Erhard

Independent

Multiple version iconThere are 4 versions of this paper

Date Written: March 26, 2010

Abstract

An Actionable Pathway To Dramatic Increases In Individual And Organizational Performance.

Full Day Workshop taught at Olin School, Washington University, St. Louis, MO, USA

Workshop Objectives:

To provide you and your organization(s) an unambiguous and actionable access to the causal link between integrity and superior performance, quality of life, value creation and competitive advantage.

We define integrity as a state or condition of being whole, complete, unbroken, unimpaired, sound, perfect condition. We distinguish integrity as a matter of a person’s (or an organization’s) word being whole and complete. One’s word is whole and complete when one honors one’s word.

During the course, we rigorously define your word, and we distinguish honoring one’s word from keeping one’s word. Honoring your word, as we define it, means you either keep your word or as soon as you know you will not, you say that you will not, and clean up any mess you cause by not keeping your word. Thus, even when you do not keep your word, you have a way to maintain your integrity.

Honoring one’s word provides a powerful and actionable pathway to earning the trust of others.
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Note: See the following papers for more details on our work on integrity:

“Integrity: Without It Nothing Works” (5 pages) an interview of Michael Jensen by Karen Christensen on the topic of integrity available at http://ssrn.com/abstract=1511274

For our much longer (and as yet incomplete) paper on the topic (see “Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics and Legality” (124 pages, available at http://ssrn.com/abstract=920625))

A shorter abridged version of the full paper is: “Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics and Legality -- Abridged” (39 pages, available at http://ssrn.com/abstract=1542759)

Keywords: Integrity, Honoring One's Word, Authenticity, Bigger than Oneself, Morality, Ethics, Sincerity

JEL Classification: G34

Suggested Citation

Jensen, Michael C. and Granger, Kari L. and Erhard, Werner, A New Model of Integrity: The Missing Factor of Production (PDF file of Keynote and PowerPoint Slides) (March 26, 2010). Harvard Business School NOM Unit Working Paper 10-087; Barbados Group Working Paper No. 10-03. Available at SSRN: https://ssrn.com/abstract=1559827 or http://dx.doi.org/10.2139/ssrn.1559827

Michael C. Jensen (Contact Author)

SSRN ( email )

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HOME PAGE: http://ssrn.com/author=9

Harvard Business School ( email )

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Negotiations, Organizations & Markets
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HOME PAGE: http://drfd.hbs.edu/fit/public/facultyInfo.do?facInfo=ovr&facId=6484

National Bureau of Economic Research (NBER) ( email )

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Cambridge, MA 02138
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European Corporate Governance Institute (ECGI) ( email )

c/o ECARES ULB CP 114
B-1050 Brussels
Belgium

Harvard University - Accounting & Control Unit ( email )

Soldiers Field
Boston, MA 02163
United States

Kari L. Granger

Center For Character and Leadership Development ( email )

c/o Danielle Brines
2354 Fairchild Hall
United States Air Force Academ, CO 80840
United States
719-648-6534 (Phone)

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