Why Integrity is the Economy’s No. 1 Concern Right Now

May 12  

Via West Monroe Partners

“This economic crisis is not just about how you weather the storm financially, but whether you demonstrate integrity and have all intentions of keeping your promises. For our capitalistic society, that means a selfless responsibility and commitment to transparency and communication with your stakeholders. Each of our stakeholder groups, and the broader ecosystem of partnerships, deserves our best during this crisis.”

“A bull run has the ability to hide a lot of flaws—and with an 11-year bull run, these flaws have been hiding for a while. A crisis exposes flaws—in your business model, your portfolio of products and services, the company’s value chain, culture and values, and relationships. Let’s not let these flaws be our downfall. When the dust settles, we can fix them. In the meantime, take the high road as your stakeholders depend on you for leadership.”

“How you make decisions across all aspects of business continuity in the coming months will determine your long-term success—and the ability of others in your ecosystem to sustain the crisis. That’s what we think, anyway. We have taken proactive steps with our own clients, partners, and employees to reinforce that the show must go on, but pure defensive self-preservation isn’t the only consideration. We remain focused on delivering work, looking out for our employees’ best interests, and increasing communication with our non-profit partners. If we increase transparency and communication at this time, we can avoid any significant erosion in our ecosystem that could very quickly turn into ‘everyone for themselves.’”

Get more details on the need for integrity during massive business disruptions like the one the world faces today


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