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Honesty

Honesty is defined as being truthful or having integrity. Because this characteristic is generally regarded as desirable, honesty is considered a cornerstone for any social interaction. Its value is especially conspicuous in business because commerce requires a network of transactions among suppliers, consumers, employees, management, and the public. For a company to thrive, it must have the trust of all these entities, something that is possible only if they have confidence that the company and its employees are honest in their dealings. A reputation for honesty is crucial to a company’s sustainability and success. This entry introduces the concept of honesty in a corporate context, examines when dishonesty is forbidden, and its consequences.

Honesty and Corporate Culture

Honesty is widely understood to be a fundamental part of ...

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