3.8 Maintaining Integrity

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Do curso por Arizona State University

Business English: Finance and Economics

101 classificações

Arizona State University

Business English: Finance and Economics

101 classificações

Curso 2 de 4 em Specialization Business English

Do you work in finance or interact with finance professionals? Is it necessary to speak, write or understand English in your career? Follow the authentic characters in this course as they work through common business situations in finance and economics. Learn from your successes and failure, and think critically about your own communication options. After taking this course, you will be able to read and create efficient e-mails, reports, and impactful presentations with words and phrases commonly used in finance and economics. Communicate clearly under pressure utilizing recently learned strategies, and obtain immediate feedback about the efficiency of your business communication skills in English from other finance professionals around the world! Gain the English communication skills that you desire and that global managers expect.

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Purchasing

Approving a large expenditure means many hours of giving and taking, of persuading and conceding. This can be a painful process, but it doesn’t need to be. Follow a process that will take the pain away. Learn the language and the process for successfully negotiating solutions where everyone is happy. After completing this week, you’ll be able to follow a process and use the language for negotiating win-win solutions. You’ll also be able to recognize tricky ethical situations where your integrity can shine.

3.4 Making Concessions4:58

3.8 Maintaining Integrity4:51

Conheça os instrutores

Andrea Mürau Haraway
International Educator
Arizona State University, Global Launch
Wanda Huber
International Educator
Arizona State University Global Launch
Jenny Young
International Educator
Arizona State University Global Launch
Beatriz Fuentes-Anderson
International Educator
Arizona State University Global Launch

Hi, everyone.

It's time for our lesson on maintaining integrity and

moral code in this communication lesson of English for Finance and Economics.

Remember when Elizabeth tells Catherine that the same company

offers another tooling option that's substantially cheaper?

And also tells her that she doesn't need to put that in her report.

Didn't that make you say wait a minute,

there is something seriously wrong with that.

Well, in today's lesson we will talk about what integrity is,

the importance of maintaining integrity, and a high moral code in the workplace,

and the ramifications of going along when something just isn't right.

Let's brainstorm a little.

What do you think about when you hear or see the word integrity?

Some people might relate this word to doing the right thing,

especially when it comes to decisions that involve confidentiality and trust.

According to the article Examples of Integrity in the Workplace by Sheri Scott

from Deman Media, integrity involves moral judgement and

character, honesty and leadership values.

And individuals who show integrity in the workplace,

not only understand right from wrong, but they practice it in all they do.

Sheri Scott also explains why this is beneficial to a business.

And if you think about it, this can only not only make the workplace better, but

it can also help business professionals maintain great relationships of trust,

which can lead to continuous business with other parties.

So needless to say, integrity plays a big role in business, but why is it important?

Well, there are many professional situations where we have to

maintain our integrity and make the right decision.

This is the time where we must hold true to our own values and moral code.

But I will ask again, why?

Not only does it give credibility and an honest reputation for your company, but

it allows you to sleep better at night.

Have you ever been caught in the middle of a situation where it's difficult

to be that person that speaks up about something that's not right?

Well, why do you think people have a hard time doing that?

Is it fear that they will be fired?

Do you think that the fear of being mocked or

made fun of is sometimes what holds people back from doing the right thing?

In our introduction video, Elizabeth knows there's a cheaper machining option

that Catherine continues to ask her about.

Once Catherine asked, Elizabeth laughs nervously and says, yes,

let's not include that in the report.

Thankfully, Catherine doesn't let this slide by.

She makes a moral decision by asking Elizabeth and

saying, I think that's an important consideration, don't you?

You see, Elizabeth knows she's guilty and answers with, yes, of course.

And continues by saying to Catherine that she can find out more information

from the operations director.

Why does it matter?

Who's going to say something?

It's just a little thing.

Well, Cheryl Levine couldn't have stated it better in her article titled,

the Importance of Keeping Your Integrity in Business,

from Small Business Open Forum from American Express.

She says, it's not about Big Brother watching over you, but

suddenly about you watching over yourself.

Doing the right thing shows self respect and confidence.

And it is also a reflection of your good character.

And as we know, it's starts with the little things.

When it's easy to make dishonest choices in the small areas,

it only becomes easier to make dishonest choices in the bigger areas of our lives.

Every choice has a consequence, whether good or bad.

For example, if a student cheats on a test or

copies a paper, she can also be suspended or expelled from school.

If an accountant makes up numbers on any of his reports, he might not only lose his

job, but he could also lose his license and maybe even go to jail.

These actions could impact their lives forever.

At Thunderbird School of Global Management,

there is a professional oath that was written by students.

Just like doctors have an oath, business professionals have one as well.

I've added the link for you to take a look.

Did you know that even Warren Buffett has listed integrity as one of the three

characteristics he looks for in someone he hires?

Yep, he looks for integrity, intelligence, and energy.

Please remember that by compromising your integrity

you could also be jeopardizing your credibility.

And that could effect one's reputation in not only at a professional level but

also on a personal one.

What are the key takeaways from this lesson?

Keeping your integrity in the workplace, but

also outside the workplace is essential.

Making good choices define your character.

Like I said before, holding true to your values and

your moral code will not only make you a more reputable business professional, but

it will give you confidence and a guilt free conscience.

Thanks again for watching English for Finance and Economics.

See you next time.

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