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Leading at the Speed of Trust®
For the Pacific Northwest Association of Independent Schools 2008 Fall Heads Conference Presented by Denis W. Stoddard Ph.D. Tuesday October 28, 2008 Insert your name (and organization if necessary) Show while participants arrive Introduce yourself and explain that you’d like to play a game before we get started on the workshop CoveyLink influencing influencers™ © CoveyLink
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New Book Ask participants to open their participant workbook to the front cover and write their name. Review rest of Participant kit materials. Reference the book cover on page 2 - Stephen M.R. Covey is writing a book called The Speed of Trust – it will be published in the fall of 2006. Explain highlighters – purpose is to note those things that are most important for you to LIVE and TEACH to increase trust in your important relationships.
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The One Thing That Changes Everything
The ability to establish, grow, extend, and restore trust with all stakeholders – customers, suppliers, investors, and co- workers – is the key leadership competency of the new global economy. This is job 1 – the value proposition of this workshop.
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= The Trust Tax Trust Speed Cost
Trust affects two variables – speed and cost. Speed is how long it takes to get the right things done in organizations and relationships. Cost is measured in financial, energy, and other resource terms. Decreased trust slows things down and increases costs.
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= The Trust Dividend Trust Speed Cost
Increased Trust increases speed and decreases cost.
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High Trust is a Dividend
Total Return to Shareholders for organizations with high trust is almost _% higher than organizations with low trust Watson Wyatt study, 2002 Read together.
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Distrust Kills “Above all, success in business [organizations] requires two things: a winning competitive strategy and superb organizational execution. Distrust is the enemy of both.” Robert Shaw, Trust in the Balance Read together Have participants fill out the two blanks on Page 18 individually.
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__ x __ = R Getting Results _______ ________ = Results X
(This slide builds) Organizational success is often simplified to this formula – develop a winning strategy and execute it well.
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(S x E) = R The Impact of Trust (Strategy x Execution) = Results
(This slide builds) At CoveyLink, we think there’s a hidden variable in the organizational formula – Trust. We call it the hidden variable because people don’t usually try to create distrust deliberately – it emerges because of neglect and lack of attention. When people don’t focus on trust, this hidden variable can tax all of their effort and results. Have participants complete steps 3&4 for their organization and team. Depending on the size and complexity of your organization you may want to define for them what level they should consider for each of them, i.e. the entire organization or a sub-unit as the organization. You’ll be coming back to the third calculation on Page 20.
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The Promise The purpose of this seminar is to explore how you, as a leader, can get results in a way that inspires trust.
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TRUST ____ ________ ______ Making the Shift Paradigm Shift
Behavior Shift Language Shift
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Defining Trust 1. Trust is Confidence.
The opposite of trust is Suspicion. 2. Trust includes both Character & Competence. “Confidence can be used interchangeably with trust. Trust begins with Self Trust - or Self Confidence - and extends all of the way through Societal Trust or Confidence.” “The opposite of trust is Suspicion. When police officers investigate or arrest someone, they’re known as a ‘suspect’. Being suspicious creates doubt - which erodes trust.” “As Stephen mentioned in the video, trust also includes Character AND Competence - both essential to operating at the Speed of Trust.”
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The 4 Cores of Credibility
4. ________ Competence 3. ___________ 2. ________ (this slide builds) Ask participants what the purposes of the roots of a tree are. Ask them what the purposes of the part of the tree above the ground are. Explain that we use this metaphor to illustrate the credibility of people. Just as the tree requires nourishment and stability from its root system, so do people derive strength and growth from the two Character Cores – Integrity and Intent (show these two on the screen – participants can write them in their workbooks.) Like a tree, the Competence Cores of Capabilities and Results earn credibility with others as we use our capacities to produce results (show these two on the screen). Character 1.__________ © CoveyLink
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Integrity Accelerators
Make and keep Commitments to yourself 2. Stand for something Be Open Integrity consists of Congruence – how well we understand and live our values and beliefs Humility – recognizing our place in relationship with principles Courage – standing up for and speaking out for what we believe, for what we know is right
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Intent Accelerators Consider your Motives Open your Agenda
Choose Abundance Intent has multiple aspects. It’s our motivation – why we do what we do. It’s our agenda – what we’re seeking to accomplish, what we’re committed to We need to understand our own Intent. We need to communicate it to others so clearly that we can’t be misunderstood.
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Capabilities Acclerators
Run with your STrengths (and with your purpose) Keep yourself Relevant Know where you're Going
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Increasing Results Take Responsibility for Results (not just activities) Expect to Win Finish strong Results consist of: Our past performance – our “track record” or reputation Our current performance Our future expected performance When we focus on delivering results that we’ve committed to, it builds trust
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13 BEHAVIORS OF HIGH TRUST LEADERS
The purpose of this section is to have participants: Deeply understand the 13 Behaviors Validate them with their own experience Begin to identify how they can practice them more consciously – to eventually “enhabit” them Explain that the 13 Behaviors Flow from the 4 Cores of Credibility 5 are founded in Character 5 are founded in Competence 3 are combined Note that CONSISTENCY is one of the most important aspects of behavior – reliability, consistency, predictability, dependability are all variations on the theme that has trust as its melody.
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13 behaviors - Speed Learning Exercise
Pair up with a partner. One of you take the even numbered behaviors and one take the odd numbered behaviors. After a brief review of your assigned behaviors (left hand column only), take turns explaining the behaviors in your own words to your partner. Explain how each behavior builds trust. Illustrate this behavior with an example from your everyday work life.
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Character Behaviors Talk Straight Demonstrate Respect
Create Transparency Right Wrongs Show Loyalty
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Competence Behaviors Deliver Results Get Better Confront Reality
Clarify Expectations Practice Accountability
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Character and Competence Behaviors
Listen First Keep Commitments Extend Trust
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SOLVE THE SCENARIOS Pair up with a partner.
Each select a different scenario. Each review the 13 behaviors and select 2-3 that you believe will best solve your chosen scenario. Take turns role playing out or talking through your chosen scenario using the 2-3 behaviors you selected as a guide.
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PNAIS SCENARIOS You need to give performance feedback to a teacher at your school who gets defensive whenever you correct him. How can you do this in a way that will increase trust? 2. The Board and Head are struggling with a major issue of a very confidential nature and one Board member seems to be leaking information to other parents who are not on the Board. What do you do?
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PNAIS SCENARIOS One of your faculty members has not kept a commitment to a parent and now the parent has contacted you. How will you respond – to both the parent and your faculty member? It’s the third time this month you have been late to a weekly coordination meeting with your staff. What language of trust can you use?
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PNAIS SCENARIOS 5. The Board Chair has arrived early for a Board meeting to tell you that several Board members have expressed concern over your not sharing some very important information with them. How will you respond to the Board’s concerns?
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Character Competence Market Trust Societal Trust Relationship Trust
Self Trust Credibility Self Relationship Trust Relationship Behavior Organizational Trust Alignment Organizational (this slide builds) The 5 Waves of Trust each have a corresponding principle. We will be exploring these in further depth throughout the rest of the workshop, with the particular emphasis on the first two waves. Market Trust Reputation Market Contribution Societal Societal Trust © CoveyLink
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The Smart Trust™ Matrix
We’ve just examined your Propensity to Trust. Analysis is the other dimension of Smart Trust. As you’ll see on the next page, we’ve identified 3 Vital Variables that are employed in wisely analyzing a situation.
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Restoring Trust Approach: YOU LOST THEIR TRUST
Start with Self, Practice Accountability. Declare Your Intent. Listen First, Demonstrate Respect. Right Wrongs. Signal Your Behavior. Behave Your Way Out of the Problem. (This slide builds.) This can be a large group, table, or paired discussion.
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Applying Restoring Trust (YOU LOST THEIR TRUST)
Identify a situation where a person has lost trust in you. Loss = Character or Competence? Their view of your 4 Cores? How important is it to you? Both willing to try to restore trust? What will you do to increase trust? When will you meet to start? (This slide builds.) This can be a large group, table, or paired discussion.
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Restoring Trust Approach: THEY LOST YOUR TRUST
Start with Self. Demonstrate Respect. Confront Reality and Talk Straight. Listen First. Clarify Expectations. Extend Smart Trust. (This slide builds.) This can be a large group, table, or paired discussion.
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Applying Restoring Trust (THEY LOST YOUR TRUST)
Identify a person you don’t trust. Loss = Character or Competence? Impact per 4 Cores? How important is restoring trust? Both willing to try to restore trust? What do you want them to do? How will you address this with him/her? (This slide builds.) This can be a large group, table, or paired discussion.
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Language for Restoring Trust
“I lost confidence in you when _____ because _________________.” “What will make things right is ____.” “This is what I commit to do ______.” “Going forward I will ____________.” (This slide builds.) This can be a large group, table, or paired discussion.
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COMMITMENT Review the 13 Behaviors and write down the commitment you will make to increase trust in your organization. ___________________________________
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