Photo Credit Willie Holdman Stephen M. R. Covey in June CEO Magazine
June 7th, 2007 by link
June 2007
Chief Exeuctive Magazine this month has an article entitled The Business Case for Trust by Stephen M. R. Covey
Almost everywhere we turn, trust is on the decline. We find low trust in our society at large, in our institutions and in our companies. Research shows that only 51 percent of employees trust senior management, and only 28 percent believe CEOs are a credible source of information. This compels us to ask two questions. First, is there a measurable cost to low trust? Second, is there a tangible benefit to high trust?
Few argue with the notion of trust.
Everybody is in favor of it and nobody is against it. But at the end of the day, many CEOs don’t really believe that internal organizational trust is directly connected to their company’s bottom line. Instead, they believe that trust is merely a soft, nice-to-have, “social virtue.”
Feb 04 at 12:14 am
Just killing some free time on Stumbleupon and I found your entry. Not typically what I prefer to read about, but it was definitely worth my time. Thanks.