The speed at which you can assess and extend trust determines how fast your business can grow because it affects every relationship. It also sets various guidelines that can restore and sometimes even build trust. Without trust, however, business slows down and costs rise. When trust goes down, speed goes down and cost goes up.
Warren buffett completed the acquisition of mclane distribution from walmart on the basis of a twohour meeting. The speed of trust cliff notes loyalty solutions group. Coveys book the speed of trust shows that trust is a hardnosed business asset which can deliver quantifiable economic value. The speed of trust not only explains the economics of trust, but also shows you how to cultivate great trust in yourself, your relationships, and the three kinds of stakeholders youll deal with when youre running a company. People who work in an atmosphere of trust can collaborate productively, so things get done faster and at lower cost. Would you like to make people trust you so much that they buy things from you, form a relationship, make them follow, then the speed of trust. In the case of increasing trust, there are five waves, each of which represents a context in which trust is established.
Trust is necessary to the credibility and, therefore, the empowerment of any organization, economy or human relationship. Why personal credibility is the foundation of all trust and how to create it. Access a free summary of the speed of trust, by stephen m. The speed of trust summary shows you why trust makes everything faster, how you can build it like confidence and why mcdonalds is a prime. How to win friends and influence people by dale carnegie summary. The economics of trust and its effects on speed and cost in relationships and organizations.
The speed of trust page 1 main idea trustisnotsomethingwhichismerely touchyfeelyornicetohave. Rather,trustisahardnosedbusinessassetwhichcandeliver. The speed of trust by stephen mr covey book summary seeken. Trust is the operating system of every relationship. When trust goes up, speed goes up and cost goes down. Pdf summary the speed of trust download full pdf book. Its a learnable skill trust is more than a nicetohave social virtue. The speed of trust summary every person should place its trust in the core of inner values, capable of shaping relationships among friends and family and inside business organizations. The speed of trust page 1 main idea trustisnotsomethingwhichismerelytouchyfeelyornicetohave. Pick up the key ideas in the book with this quick summary.
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