Building organizational trust requires leadership “buy-in.” The payoff includes a happier and more stable work force; faster decision making and innovation; and long-term sustainability and profitability.
This list compiles some of the myths surrounding organizational trust and leadership.
- Trust is “soft” and does not increase profitability.
- If an organization complies with the law, it is trustworthy.
- Leaders need not have integrity in their personal life as long as they act the part at work.
- Writing a corporate values statement or having a credo is a waste of time and resources.
- Building trust into the corporate DNA will not result in faster crisis recovery.
- Short-term profitability trumps long-term trustworthiness.
- It’s not leader’s job to ensure that trust-building is an organizational priority.
- Shareholders are more important than other stakeholders.
- Corporate responsibility need not extend beyond philanthropy.
- It’s okay to tell an occasional lie.
What myths would you add to this list? Leave a comment.
These myths and other are discussed in our new book, Trust Inc. Strategies for Building Your Company’s Most Valuable Asset.