Feature Article: Michael C. Jensen on Integrity as a Competitive Advantage in Business

MJensen_Commencement2-300x230Integrity is the Foundation of a Great Life, Great Leadership, and a Great Organization

At Mark Kamin & Associates, we believe that defining integrity as honoring one’s word as oneself provides individuals and organizations with the ultimate competitive advantage. One example of an approach to organizational performance we endorse is the work of Michael C. Jensen, Harvard Business School, Jessie Isidor Strauss Professor Emeritus.

Mr. Jensen, along with Werner Erhard, spelled out this approach to organizational performance in the white paper titled “Integrity: A Positive Model that Incorporates the Normative Phenomena of Morality, Ethics, and Legality – Abridged” (found on SSRN), and in the commencement address at the McDonough School of Business, Georgetown University Commencement Ceremonies, May 21, 2011.  Read more

In his address, Mr. Jensen argues that the three factors that constitute the foundation for being a leader and the effective exercise of leadership are:

Integrity as we define it (being whole and complete),

Authenticity (being and acting consistent with who you hold yourself out to be for others and who you hold yourself to be for yourself), and

Being committed to something bigger than oneself.

Read more about the work of Mr. Jensen on the Harvard Business School website.

Video attribution: Erhard, Werner and Jensen, Michael C., Video: The Three Foundations of A Great Life, Great Leadership, and A Great Organization (August 5, 2011). Barbados Group Working Paper No. 11-04; Harvard Business School NOM Unit Research Paper No. 11-122. Available at SSRN: http://ssrn.com/abstract=1850544 or http://dx.doi.org/10.2139/ssrn.1850544