Question

Using the mini case information, write a 250-500 word letter of intent discussing specific strategies for how you will conduct your start-up business with personal and professional integrity.

Answer 1

Answer )

Personal and professional integrity is the key of success of any business aminly in case of the start-up business.In general a manager think of integrity and ethics is a matter of personal scruples only, but in actual this is a matter of great business concern . The suistainable buisness value has direct relation with the way of doing the business.

The true success of an institution is built up by trust factors of customers, employees and public.The best way to achieve that is to demonstrate integrity in practices.

Some of the most used Ways to show Integrity in business are.

• Practices and principel of accounting : Honesty and transparency in financial transaction is a basic expectation of shareholders, customers and employees.

• Truth-in- product offering : product or service delivered , should be in line with what was promised to the customer.

• Management Practices : Practices should be same for all customers , shouldn't depend on the size .

• Service Integrity to the customer : Giving better service after the sale is what service integrity is all about.

• Personal Integrity( integrity by managers) :It is very important for leaders to lead a honest lifestyle with high ethical standards , as what these leaders do link to thereputation of the organization.