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The must-read summary of Stephen M.R. Covey and Greg Link's book: "Smart Trust: Creating Prosperity, Energy and Joy in a Low-Trust World".
This complete summary of the ideas from Stephen M.R. Covey and Greg Link's book "Smart Trust" shows how trust is what keeps commerce running. In their book, the authors explain the principles of trust and why it is so important to the smooth running of your business. This summary will teach you how to generate trust within your company and why it is something you should focus on.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your business knowledge
To learn more, read "Smart Trust" and discover the importance of trust within business.
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Seitenzahl: 36
Veröffentlichungsjahr: 2014
Book PresentationSmart Trust by Stephen M.R. Covey and Greg Link
Book Abstract
About the Author
Important Note About This Ebook
Summary of Smart trust (Stephen M.R. Covey and Greg Link)
Book Abstract
Trust lubricates the wheels of commerce. If you trust someone, it’s so much easier to get more things done because you can maximize possibilities while at the same time minimizing risks. The problem, however, has always been how do you operate in this more productive high trust mode in a low trust world? The answer is “Smart Trust.”
Smart Trust is where you make a deliberate judgment decision to extend trust to the other party you’re dealing with. It requires both a high propensity to trust other people and an equally high amount of analysis which shows they are in fact worthy of your trust. Smart Trust is a judgment call you make to inject trust into a business relationship. It’s a viable way to gain the benefits of high-trust relationships when operating in what is predominantly a low-trust world.
“Bottom line, Smart Trust is the ability to extend trust wisely in a world that seems to be saying you can’t trust anyone, and it leads to a virtuous upward cycle of prosperity, energy, and joy. With the thousands of examples we have seen around the globe, we can declare with confidence that even in the midst of today’s crisis of trust, there truly is a simultaneous renaissance of trust, and Smart Trust is a supremely powerful generator, enabler and enhancer of these three critical outcomes. We also affirm that it is a leader’s job to go first. Whether you are a leader in your company, your team, your industry, your nation, your family, your classroom, your community, or even a personal relationship, you have the opportunity to proactively lead out in being trustworthy and in extending Smart Trust to others. And even if you’ve been burned or even if you’ve done things (or your predecessor has done things) that have lost trust for you or your organization in the past, the sooner you lead out in building or rebuilding trust, the sooner you can experience the tremendous benefits of trust in your life.”
– Stephen Covey and Greg Link
About the Author
STEPHEN M.R. COVEY is a cofounder of CoveyLink and the FranklinCovey Global Speed of Trust Practice. He is the former CEO of Covey Leadership Center, the world’s largest leadership development company. In addition to being the coauthor of The Speed of Trust, Covey is a popular keynote speaker and business consultant. He is a graduate of Harvard Business School.
GREG LINK is also a cofounder of the Covey Leadership Center and Covey Link. He is an adviser and speaker as well as leader of CoveyLink’s international publishing business. Greg Link and Stephen M.R. Covey orchestrated the strategy which led to The 7 Habits of Highly Effective People selling more than 20 million copies in thirty-eight languages. He is a graduate of the University of Utah.
The Web site for this book is at www.SmartTrustBook.com.
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
1. What is Smart Trust and Why Does It Matter?
Smart Trust is where you make a deliberate and conscious decision to trust someone else and act accordingly. Smart Trust requires that you optimize two key factors:
A propensity and inclination to trust other people.
Analysis that shows the other party is trustworthy.
“Trust is like the air we breathe—when it’s present, nobody really notices; when it’s absent, everybody notices.”
– Warren Buffett
The world today has becoming increasingly low-trust. In almost every survey Gallup follows, the results are the same – fewer people today trust their counterparts to do the right thing. It’s not a stretch to state there is a crisis of trust in society as a whole.
