There is one thing that is common to every individual, relationship, team, family, organization, nation, economy and civilization throughout the world – one thing which, if removed, will destroy the most powerful government, the most successful business, the most thriving economy, the most influential leadership, the greatest friendship, and the strongest character.
On the other hand, if developed and leveraged, that one thing has the potential to create unparalleled success and prosperity in every dimension of life. That one thing is trust.
Relationships of all kinds are built on and sustained by trust. They can also be broken down and destroyed by a lack of trust. Trust always affects two outcomes: speed and cost. When trust goes down, speed goes down and costs go up. Warren Buffett completed the acquisition of McLane Distribution from Wal-Mart on the basis of a two hour meeting.
Because of high trust between the parties, the merger took less than a month and avoided the usual months and millions for due diligence and attorneys. The ability to establish, grow, extend and restore trust is the key leadership competency of the new, global economy. We have countless opportunities to extend and inspire trust to others, but it also makes a
difference in our own lives. Trust is reciprocal when you live to ACT on and GIVE Trust.
“Trust men and they will be true to you; treat them greatly and they will show themselves great.”
- Ralph Waldo Emerson
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