{"id":5525,"date":"2023-07-29T08:23:56","date_gmt":"2023-07-29T12:23:56","guid":{"rendered":"https:\/\/www.trustacrossamerica.com\/blog\/?p=5525"},"modified":"2023-07-29T08:23:57","modified_gmt":"2023-07-29T12:23:57","slug":"timely-thoughts-on-trust","status":"publish","type":"post","link":"https:\/\/www.trustacrossamerica.com\/blog\/?p=5525","title":{"rendered":"Timely Thoughts on Trust"},"content":{"rendered":"\n

FROM THE SUMMER ISSUE OF TRUST! MAGAZINE <\/strong>trustacrossamerica.com\/magazine.shtml<\/a><\/strong><\/a><\/p>\n\n\n

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Last week we published the summer issue of TRUST! Magazine. It includes 14 essays on our current ” state of trust.” These are some thoughts from the authors.<\/p>\n\n\n\n

Trust in Turbulent Times:<\/strong>\u00a0Interestingly, the etymology of \u201ctrust\u201d is rooted in old Norse and English words meaning \u201cstrength\u201d or \u201cto make safe and strong.\u201d In times like these, we crave leaders who will keep us safe and make us strong.\u00a0<\/em>Bart Alexander<\/p>\n\n\n\n

The Formula for Building Trust: <\/strong>If it feels like your world isn\u2019t going \u2018round right now, or it\u2019s going slower than you\u2019d like, I recommend looking at trust first. The reality is, that low trust is almost always the root of the problem \u2014 or the most impeding barrier to the solution.<\/em> Stephen M.R. Covey<\/p>\n\n\n\n

Trust & Commerce: <\/strong>Trustworthiness is a vital component of every corporate interaction. It is the lubrication of commerce. Without trust in the organization, the company will ultimately cease functioning effectively or efficiently. <\/em>Dr. James Gregory<\/p>\n\n\n\n

The Trust Landscape: <\/strong>Couple decreasing trust with what we know about what we do when we distrust others and we have the makings of a slow-moving disaster. Unless we start turning this ship around we will see diminishing cooperation with increasing polarization, more balkanization in politics and society, less willingness to talk things out as people pull back from those they distrust. <\/em>Charles Feltman<\/p>\n\n\n\n

The Business Case for Trust: <\/strong>Contrary to what many executives are lead to believe, trust is not a \u201csoft\u201d skill. In fact in today\u2019s challenging business environment it may mean the difference between survival and failure.<\/em> Barbara Brooks Kimmel<\/p>\n\n\n\n

The Margin of Trust: <\/strong>America\u2019s corporate governance systems also make it difficult for boards to set the tone of a trust-based corporate culture. In the name of \u201caccountability,\u201d the system has veered from principles and tailored approaches towards mandatory rules and standardized practices for all.<\/em> Lawrence A. Cunningham<\/p>\n\n\n\n

Risk & Trust:<\/strong> Things go wrong when institutional trust is based on rules intended to rein in personal freedom and autonomy, implying that forced compliance creates more institutional trust than the personal trust it displaces. This way of thinking usually doesn\u2019t end well. <\/em>Charles H. Green<\/p>\n\n\n\n

Trust & Governance:<\/strong>\u00a0The smooth functioning of an organization therefore relies on an assumption of regularity. That, in turn, relies on two \u201ctrust\u201d factors. First, that the people involved can trust each other and, second, that the corporate governance system itself is trustworthy.<\/em> Jon Lukomnik & Rick Funston\u00a0 <\/p>\n\n\n\n

Ethical Leadership & Trust:<\/strong>\u00a0Most core values are a set of ideas thought up on a management golf outing, brought in on the back of a clubhouse napkin, then printed and posted without another word being spoken. The values and ideals of a business are what employees and others bring to work every day.<\/em>\u00a0James Lukaszewski<\/p>\n\n\n\n

Sustainability Reporting & Trust:<\/strong> If trust is the purpose, then what you intend to do is as relevant as what you have done. Publicly committing to multi-year targets is a must for credible sustainability reporting.<\/em> Elaine Cohen<\/p>\n\n\n\n

Trust in Healthcare:<\/strong> Lack of trust creates a situation that creates the propensity to misinformation. At the same time, misinformation can create a negative trust reset.<\/em> Jan Berger<\/p>\n\n\n\n

Technology & Trust:<\/strong> As of November 2022, we have over 8 billion people sharing our precious planet earth. It makes sense to continue debating and researching trust between humans both individually and organizationally. At the same time, we urgently need to focus on the trustworthiness of technology. Our very survival as a species may depend on it. <\/em>Helen Gould<\/p>\n\n\n\n

Trust in Media:<\/strong> Ultimately what\u2019s needed is changing the culture of how news is produced and what journalists are expected to do on a regular basis. We are talking about updating a system that, when you look at the format and expectations, hasn\u2019t evolved since it started<\/em>. Lynn Walsh<\/p>\n\n\n\n

Trusting Artificial Intelligence:<\/strong> While Chat GPT may have the potential to revolutionize industries, the response to my original question reads like a primer on trust research with little to no information on trust in practice. <\/em>Barbara Brooks Kimmel<\/p>\n\n\n\n

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