If there’s one thing that a relationship,... - Deepstash
STEPHEN R COVEY

If there’s one thing that a relationship, individual, team, company, or economy have in common, it is trust.

STEPHEN R COVEY

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Trust isn’t something that can be touched, but it’s actually a business asset that’s created to provide economic value. When there’s more trust, the quality of work increases while the costs decrease automatically.

Trust is seen as a hidden variable in companies and whether it’s low or high, it’s the secret ingredient for success. If you have colleagues or friends that trust you, you can say anything and might never be misunderstood.

To avoid a decline in trust, you need to figure out who you can trust and also understand who trusts you. 

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  • Organizational trust revolves around internal stakeholders. Leaders can choose to look at principles of trust than taking a look at the symptoms.
  • Market Trust: Customers usually buy products and recommend them to others only when they trust the company. Each individual is tagged with a brand and can impact the speed and cost at a micro-level.
  • Societal Trust: It is based on external shareholders and its principle is based solely on contribution. Societal trust is based on creating value rather than diminishing it.

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Behavior as “trust accounts” are a mixture of competence and character to build a relationship.

  • Your very first behavior is to talk straight and honestly.
  • You need to demonstrate respect because it’s essential to be respected at your workplace
  • You need to be genuine and speak the truth
  • Correct the mistakes you may have committed.
  • Be loyal and give credit to others when it’s due.
  • Delivering results is the only way to convince some cynics
  • Learn and improve to get better every day
  • Deal with your issues and confront the reality
  • Clarifying expectations and discuss them.
  • Practice accountability

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Increase credibility by understanding the 4 cores. 

  • Integrity is the root. To increase it, you can be courageous and stand up for something you truly believe in.
  • Intent. Even if you declare that you really care, your behavior will translate that into reality. Therefore, it’s best to re‐examine your motives and declare the intent before anything else.
  • Capabilities. Enhance your capabilities by understanding your strengths and sticking to them as you go.
  • Results. In order to improve results, you need to trust yourself and expect to come out on the winning side and take responsibility for it.

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In order to build more trust, you need to find ways to apply them and also grab opportunities to teach them and convey your messages to others. 

The prime difference between a leader and a manager is that the leader inspires trust. if a manager distrusts his employees, his judgment could be clouded and he might lose out on innovation and other creative ideas. 

Companies that extend trust become successful automatically. Additionally, trust is always reciprocal and this means that if you extend your trust to someone, he/she will do the same to you.

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RELATED IDEAS

Thinking Big
  • Most people go through life with small ambitions, small goals, thinking small, and they only rise to the size of their dreams.
  • All of us, more than we recognize, are products of the thinking around us. And much of this thinking is little, not big.

By thinking big, what’s now called “10x” thinking, you can do great, huge things, so long as you believe in yourself and follow through on the pursuit of those huge goals.

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★ 1 You will eliminate your fears.

 Significant things such as job promotion, graduation, a new house, relationships, and overcoming pains are defining moments of your perseverance and efforts. A never give up attitude can be used to abolish doubts and negative thinking to make you stronger in facing everything.

Your success was the sweetest when you realized what you came through and what tough times have you defeated before you reach those goals. It's all about the attitude that aids in commencing a battle. It's about the way you continue that battle with the faith of winning in life.

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It’s a lot easier to preach accountability than to practice it.

Accountability is, if not a magic solution to everything, certainly a solution to many things. Business books are full of examples of companies that hit serious difficulties because people refused to take the steps to accountability.

People don’t see what they don’t want to see and miss the cues in the early stages, leading to million dollar fiascos later on.

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Getting Results Through Individual And Organizational Accountability

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