When trust erodes, speed drops and cost rises.Ĭovey: Warren Buffet, considered by many to be the most business-savvy investor around, is able to do huge business deals quickly because there’s high trust, because he’s so credible. You see it in any relationship, in any company. Sarbanes-Oxley takes a whole lot of time and costs a whole lot of money to implement. It’s helped in that the markets didn’t collapse, as they perhaps could have.
#STEPHEN COVEY TRUST QUOTE SERIES#
It’s a series of rules, regulations and compliance measure intended to help deal with fragile trust. Congress stepped in and passed Sarbanes-Oxley. With corporate scandals-Enron, Worldcom, and the like-our trust in public markets went down because we realized there are some people out there “cooking the books.” Trust went down. Today, I have to arrive about an hour and a half before my flight because I never know quite how long it’s going to take me to get through security.
I could just cruise through security and get on the plane. I used to be able to arrive at my home airport literally about a half hour before my flight. Traveling by air now takes longer and costs more. Those steps were helpful, but they came at a price. We increased security and beefed up all the procedures associated with flying.
#STEPHEN COVEY TRUST QUOTE FREE#
Free PressĬovey: After the 9/11 terrorist attacks, our trust and confidence in flying went down. It’s really that simple, that real, that predictable.įragile trust is at the heart of many laws and regulations. That’s a dividend, a high-trust dividend. Everything happens faster and everything costs less because trust has been established. When trust goes up in a relationship, or on a team, in a company, in an industry, with a client, with a customer-speed goes up with it and cost comes down. Where trust is low, everything takes longer and costs more. I call it a low-trust tax where literally everything is being taxed off the top. In relationships, on teams, in companies, that’s a tax. Redundancy processes, with everyone checking up on everyone else, cost more. When trust goes down-in a relationship, on a team, in a company, in an industry, with a customer-speed decreases with it. Covey: Trust always affects two measurable outcomes: speed and cost. You may be deceived if you trust too much, but you will live in torment unless you trust enough.Rodger Dean Duncan: I n your work with individuals and organizations, you talk about “low-trust taxes” and “high-trust dividends.” What are some examples? If you cannot trust yourself, you cannot even trust your mistrust of yourself – so that without this underlying trust in the whole system of nature you are simply paralyzed. Trust your instinct to the end, though you can render no reason. They’re usually based on facts filed away just below the conscious level. As I’ve learned, that’s the path to happiness. Go ahead and stand up for what you believe in. Trust your own instincts, go inside, follow your heart. You must train your intuition – you must trust the small voice inside you which tells you exactly what to say, what to decide. Take no one’s word for anything, including mine – but trust your experience. “Trust yourself, you will start to trust others.” – Santosh Kalwar The best way to find out if you can trust somebody is to trust them. He who does not trust enough will not be trusted. So whether you’re starting a new relationship, want to be more trusting of others, or work on being trustworthy yourself, you’ll find the perfect trust quote here. In that spirit, here are the best trust quotes to help you trust more easily. Trust can be a fragile thing, but it is the foundation on which all relationships are built. We believe that they will do the things they say they will, and recognize their abilities and strengths. When we trust someone, we have confidence in them and in their honesty and integrity.
Trust is “a firm belief in the reliability, truth, ability, or strength of someone or something.” These trust quotes show what it means to be trusting and trustworthy.
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