Curated from: harvardbusiness.org
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Trust is one of the most vital forms of capital a leader has today. Amid economic turbulence and global uncertainty, people are increasingly turning to their employers and business leaders as a source of truth, rather than their institutions and government officials, according to a new global survey by Harvard Business School’s Institute for the Study of Business in Global Society and the Edelman Trust Institute.[1]
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Trust, which can be defined as a belief in the abilities, integrity, and character of another person, is often thought of as something that personal relationships are built on, but according to recent research in Harvard Business Review , trust is the foundation of most successful organizations.[2]
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A high-trust organization is one in which employees feel safe to take risks, express themselves freely, and innovate. When trust is instilled in an organization, tasks get accomplished with less difficulty because people are more likely to collaborate and communicate with each other in productive ways. As a result, outcomes tend to be more successful.
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Demonstrate integrity and fairness. All team members should be able to rely on their leaders for fair treatment, especially when it comes to growth opportunities. Provide all team members with learning experiences so they can develop their skillsets, whether through projects, training programs, or other roles in the organization.
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As an organization grows, it’s important to continue investing in leadership development . That way, the next generation of leaders will understand how to build trust within their teams—and why it’s so important. This means giving them the skills and tools they need, such as authentic leadership training, communication training, and DEI training, to name a few. It also means ensuring that leaders meet regularly with team members to foster open dialogue and build connections.
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