Photo Credit Willie Holdman www.willieholdman.com

Intelligently Brief Insights™ on The Speed of Trust posted occasionally from the wild wild west of North America.

World Economic Forum, Tianjin, China

September 28th, 2008 by link

Stephen and I attended The World Economic Forum in Tianjin, China. Stephen presented the Speed of Trust and participated on several panels. At the close of the World Economic Forum’s “summer Davos” we participated in a general table discussion on the topic of what are the top challenges facing organizations in the coming year. Each table of the 2000 plus participants identified one issue and then using keypad voting every one voted to force rank the top issues (now keep in mind this was taking place the weekend that the US congress and Senate were working on a rescue program). We were all surprised that the global financial crisis was voted #2. The #1 challenge was a crisis of Trust and Confidence. The consensus was that the impact of the financial crisis is exasperated as trust declines. The financial crisis at is root is a trust crisis. Especially because it involves credit and everyone is afraid to part with their cash and are rightfully reluctant to risk because they do not know who they can trust given the downfall of several hundred year old institutions. Think about it—credit is trust and trust is credit.

Posted in Globalization/Flat World, Influence, Leadership, Societal Trust--Contribution, Speed of Trust | No Comments »

About CoveyLink

Stephen M. R. Covey and Greg Link are the founders of CoveyLink where they instill trust into sales and leadership through keynotes and training based on Covey’s New York Times and Wall Street Journal #1 bestseller, The Speed of Trust: The One Thing That Changes Everything (Simon & Schuster, Trade edition 2008).

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We influence influencers.

We believe that a powerful, Global renaissance of trust has begun. Sparked by recent world events, business ethics, and the transparency of conversations enabled by the worldwide web, this call for a renaissance of high trust leadership is reverberating around the globe.