Rebuilding Trust: What's it Worth?
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For months we've been subjected to headlines outing unethical business practices, abuses of power, and widespread suffering of consumers. For many, times have been pretty grim. And yet, as a confirmed pragmatic optimist (I don't just believe good things will happen, I do good things!), I have believed that situations will get better, we will have relief in the market and in the economy---we will emerge from the recession having learned and grown. That is the natural state of things. What's it cost to have lost the trust of others? Or, what's it cost us not to trust? In recent years, business books have ventured out on the trust balance beam and typically it's paired with ethics or values. Covey's book The Speed of Trust: The One Thing That Changes Everything cites the research around how trust impacts the bottom line in terms of cost and speed in an organization. Low trust = higher costs and slower movement; high trust = lower costs and quicker movement. Working with my own clients, it's easy to see how important trust is in their professional relationships, the day-to-day operations of their businesses, and frankly, in determining how successful they will be. This isn't just about being nice. Yet, what we do know is that when we create an environment that fosters high trust, we also get a lot of other good stuff: high productivity, higher morale, better customer service, higher employee retention, higher employee engagement, higher profitability. My clients care about all of those things, and many times they have spent time, energy and resources to try to fix what's not working in their organizations and they want to either ignore the trust factor, or they just don't want to admit the impact it's having on their bottom line, whether it's profits, association membership, meeting their mission, etc. Here's a secret: if you think it's lack of trust, it probably is. If you fix a process or a policy and you have people who cannot speak honestly or confront respectfully, you have a nice new process and people who might not follow it. If they are unhappy and morale is low because of lack of trust and fear of dealing with issues, and you give them a raise or change their compensation, you have richer, unhappy people. If you buy a new software program or technology in the hopes that this will streamline your sales process and create access to the data you need, but your team isn't telling you the truth because they don't trust you, you've got another expensive venture into a new technology they're not going to use, and the sales numbers won't go up. Fixing What's Broken. 've been invited to meet with potential clients who thought their real issues were lack of sales skills, lack of accountability or ownership of issues, low performance, bad hiring practices, and broken processes, and sometimes these are big issues they face, but one of the things we've got to determine initially is whether or not the environment, the trust factor, is an obstacle or a support to success. We know it intuitively, and when pressed, we recognize its symptoms: frustration, suspicion, lack of energy, doing the minimum, gossip or interpersonal strife, negativity, glacially-paced movement. We decide to spent money on expensive team building activities, or taking our groups to the woods, we label ourselves with our personality profiles---I'm a Red J-Driver, You're a Turquoise P-Back-Seater---when really, truly, we need to take a look at trust. You want a culture of trust because it makes everything easier. Easier! We accomplish more, we grow faster, we create and innovate, we are inspired; we have more fun. It's not too good to be true. Myths About Rebuilding Trust. Don't be discouraged or fooled by these notions:
Some Truths to Consider. Here are some things that can help:
Two Tools to Help: The Team Agreement and The Four Core Dimensions Are you wondering if you can lead an initiative to rebuild trust on a team, within a whole organization, or with one, specific individual? You can-and you might need some assistance or guidance, too. Check out the other resources available online at www.libbywagner.com or give us a call at 206-906-9203 for a free consultation. We help create commitment cultures that last! [1] I love referring to Shakespeare and knowing the source: this one comes from Hamlet when all was not well in the Danish country after Hamlet's father was dead and his mother married his uncle. [2] Key Influencing OptionsŪ tools to use for change! |



