|
|
Like this article? PLEASE +1 it! |  |
|
Lesson #5: Make Integrity an Integral Part of Your Company
Article Overview: “It is easy to be big in big things, in big moments, when everyone is watching,” noted Watson Jr. “Real character emerges in the way we meet our routine, everyday obligations. Really big people are, above everything, courteous, considerate, and generous, not just to some people, in some circumstances, but to everyone all the time. One of the reasons we are known as a great company is that we are known as a company made up of people like that.”
 |
Free Download - Thomas Watson Jr. Quotes By Thomas Watson Jr. |
Lesson #5: Make Integrity an Integral Part of Your Company
“It is easy to be big in big things, in big moments, when everyone is watching,” noted Watson Jr. “Real character emerges in the way we meet our routine, everyday obligations. Really big people are, above everything, courteous, considerate, and generous, not just to some people, in some circumstances, but to everyone all the time. One of the reasons we are known as a great company is that we are known as a company made up of people like that.”
On both the personal and professional levels, Watson Jr. was committed to maintaining and acting with integrity. He set a new standard for the time when it came to businessmen and their involvement in and advocacy on social issues. In addition to eliminating the hourly wage and introducing tuition loans within his own company, Watson Jr. also pioneered the idea of matching grants for charities. As an aide for many successive American presidents, Watson Jr. also advocated for increased federal aid for the poor, nuclear disarmament and the provision of better national health care.
“We accept our responsibilities as a corporate citizen in community, national and world affairs; we serve our interests best when we serve the public interest,” said Watson Jr. “In communities where IBM facilities are located, we do our utmost to help create an environment in which people want to work and live. We acknowledge our obligation as a business institution to help improve the quality of the society we are part of. We want to be in the forefront of those companies, which are working to make the world a better place.”
Watson Jr.’s integrity extended not only to his beliefs in the social and humanitarian responsibility of businesses, but also to the very way in which his company operated. For instance, Watson Jr. spoke often of “calendar integrity”, which to him was an inherent indication of the orderliness of a company’s plans and executions. “In a business that moves as fast as ours, that is as complex as ours, that has as many people as ours, there will always be the requirement for many meetings, presentations and appointments, but I think we can make “calendar integrity” a way of doing business and benefit from its discipline.”
However, Watson Jr.’s respect for integrity should not be confused with his being soft in any sense. Watson Jr. was a businessman at heart and was, like his competitors, driven by the profit factor. “We believe that the immediate and long-term public interest is best served in a system of competing enterprises,” he said. “Therefore, we believe we should compete vigorously, but in a spirit of fair play, with respect for our competitors, and with respect for the law.”
Watson Jr. might have worked with machines, but he never allowed his company to be run by anything other than rational and compassionate minds. Operating with integrity was not just a way for Watson Jr. to be able to sleep well at night; he knew that to do so also simply made good business sense.
Costs and Benefits of Being In or Out of Integrity
Audio & Video Visibility to Support Your Brand Integrity
How do we get anything done?
The Power of Integrity
E-vent Workflow Organizer
Related Forum Posts
How to valuate a business
- Hi Garth - here is how we did it at Northern Crown Capital when I was helping them raise venture capital for Toronto-based entrepreneurs. Assume the start date is 2003 so 2008 projections are 5 years out:
How Northern Crown Capital Valuates a Business
2008 Financial Projections
Earnings Before Tax
$5,865,000
Tax Rate
42%
Taxes
$2,463,300
Net Earnings
$3,401,700
Amount Seeking to Raise Today
$3,500,000
Discounted Value of Future Opportunity, 5 Years Out
2008 P/E Ratio
15
Value of Company in 2008
$51,025,500
Discount Rate Applied
30%
Year 2008
$51,025,500
Year 2007
$35,717,850
Year 2006
$25,002,495
Year 2005
$17,501,747
Year 2004
$12,251,223
Value of Company at Investment in 2003
$12,251,223
Less: Investment Amount
$3,500,000
Present Value
$8,751,223
Discount for Risk & Private Company
40%
Less: Discount for Risk & Private Company
$3,500,489
Private Company Value
$5,250,734
Present Value (What the Owner Keeps)
$5,250,734
60.00%
Financing (What the Investor Gets)
$3,500,000
40.00%
Total
$8,750,734
100.00%
I hope this helps!
Re: Quote of the Day - "The only people witho
- Thanks for sharing this Evan, there are some very powerful quotes in there, I particularly like this one:-
You are now at a crossroads. This is your opportunity to make the most important decision you will ever make. Forget your past. Who are you now? Who have you decided you really are now? Don't think about who you have been. Who are you now? Who have you decided to become? Make this decision consciously. Make it carefully. Make it powerfully.
regards,
Mal.
Patent information
- I'm also interested in Part 2. Thanks.
List of a few legitimate online business
- Well My main methods to make money so far are adsense,affiliate marketing and freelancing and I think these are some more sites that can help me to make some more money.Your reviews are welcome:
::linkworth dot com>This site is awesome and offer lots of ways to make money.
::mturk dot com>complete simple mini task and get paid
::microworkers dot com>complete simple mini task and get paid
::shorttask dot com>complete simple mini task and get paid
::istockphoto dot com>sell stock photos
::eHow dot com>Make money writing
::Bukisa>Make money writing
::Associate Content>Make money writing
::Triond>Make money writing
::fiverr dot com>$5 freelancing job
::cpalead dot com>make money by completing offer
::peerfly>make money by completing offer
Patent Process
- Interesting to hear your experiences with the patent process - what's Part 2?
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.
by: 
February 2012 Top 100 Leadership Experts to Follow on Twitter
Please Stop Calling it Coaching!
Measuring the Quality of Your Hires
The fine line 
Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Your Local Small Business Online Marketing Funnel
The Neglected Art of Receiving
Setting Goals for your Home Based Business
Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.