5 More Reasons to Pay Attention To Trust

20150804_181328

By Linda Fisher  Thornton

Trust is a hot topic and a valuable business enabler. The organizations that will adapt and succeed in the future make it a business priority. Here are five perspectives on the critical role trust building plays in the success of our organizations:

“Reputation is the backward-facing evaluation of past experiences with a company or brand. Trust is the forward-facing evaluation of consumer expectations of future experiences.”

Building Trust Capital: The New Business Imperative in the Kinship Economy, IHG

«

Trust is pivotal because it is the basis for every human relationship, every transaction, and every market. Trustworthiness is the foundation of a business’s license to operate in any region or industry.”

The Trust Agenda, Essay by Dennis Nally, Chairman of PriceWaterhouseCoopers International, Strategy and Business

«

“Most companies appreciate that high trust levels lead to a stronger reputation, sustainable revenues, greater customer advocacy and increased employee retention. It is also likely that companies with higher levels of trust will bounce back from future crises far quicker than others.”

Eduardo Leite, Why Trust Matters in Business, World Economic Forum

«

The 2015 Edelman Trust Barometer finds that more than half of the global informed public believe that the pace of development and change in business today is too fast, that business innovation is driven by greed and money rather than a desire to improve people’s lives.

Trust and Innovation, 2015 Edelman Trust Barometer

«

“For their part, senior leaders need to invest in systems, rewards, and habits that make it easy for managers faced with complexity and constant change to make solid commitments, connect the dots with other groups, and remember their promises. This is how thriving businesses create an upward spiral of trust and strong results.

Elizabeth Doty, Does Your Company Keep Its Promises? strategy+business

«

Trust is necessary for attracting and keeping business-critical customers, employees and partners. And it doesn’t happen by itself. 

For trust to flourish we need a trust-building focus, an intention to trust others and be trustworthy, and (perhaps most important of all) trust-generating leadership. 

Learn How Ethics and Trust Are Reciprocal

 

Top 100 Leadership Blog

axiombronze

 

 

Prepare Your Leaders For Ethical Leadership Future – Help Them Learn To See Through The 7 Lenses®. 

Includes case examples and questions.

 

 

LeadinginContext.com  

Unleash the Positive Power of Ethical Leadership®

©2015 Leading in Context LLC

About Linda Fisher Thornton
Linda Fisher Thornton is Founder and CEO of Leading in Context, and author of the award-winning book 7 Lenses. She teaches as Adjunct Assoc. Prof. for University of Richmond SPCS. She is leading a movement to help leaders and organizations Unleash the Positive Power of Ethical Leadership.

One Response to 5 More Reasons to Pay Attention To Trust

Join the Conversation!

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: