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The Speed of Trust Stephen M.R. Covey
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Trust Myths Myth – Trust is nice to have - social virtue
Reality – Trust is hard-edged economic driver gives speed & low costs that can be measured Myth – Trust is slow Reality – Yes: restoring trust takes time, & building trust sometimes can be slow, but once established Trust produces speed – nothing else is as fast
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Measures of Trust With Trust Without Trust Speed Cost 3
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Four Cores of Credibility
Integrity Intent Capabilities Results
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Trust’s 13 Behaviors Talk Straight Demonstrate Respect
Create Transparency Right Wrongs Show Loyalty Deliver Results Get Better Confront Reality Clarify Expectations Practice Accountability Listen First Keep Commitments Extend Trust
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5 Character Behaviors Talk straight or lying
Demonstrate Respect or not to show respect Create Transparency or Hide, cover up things, not explaining your reasons behind your actions Right Wrongs – deny or justify wrongs Show Loyalty – betray or take credit yourself
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5 Competence Behaviors Deliver Results – perform poorly or fail to deliver Get Better – force fit become irrelevant Confront Reality – give lip service, ignore reality Clarify Expectations – leave expectations unclear Practice Accountability – point fingers, don’t take responsibility
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3 Character & Competence Behaviors
Listen First – speak first / listen last or not at all Keep Commitments – Over promising & under-delivering – #1 way to build trust, destroys trust fast. Extend Trust to Others – withhold trust. Real trust!
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Smart Trust Matrix
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From Trust to Influence
Who influences You? Who do You influence? How?
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Maslow’s Hierarchy of Needs
Self-actualization goal of reaching full potential – the best & brightest Self-esteem a positive self image, and to have personal satisfaction Social contact, and feeling loved & valued Safety security & protection. Physiological survival, sustenance & comfort
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Meet johnny “the Bagger”
How does Johnny “the Bagger” Influence Others?
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Maslow’s Hierarchy of Needs
Self-actualization goal of reaching full potential – the best & brightest Self-esteem a positive self image, and to have personal satisfaction Social contact, and feeling loved & valued Safety security & protection. Physiological comfort, sustenance & survival
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Four Cores of Credibility
Integrity Intent Capabilities Results
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