Stephen M. R. Covey shows how trust—and the speed at which it is established with Summary: The Speed of Trust: Review and Analysis of Covey's Book. Published by Soundview Executive Book Summaries, P.O. Box , Concordville, PA The economics of trust and its effects on speed and cost in relation-. The Speed of Trust. “Collaboration is the foundation of the standard of living we enjoy today. Trust is the glue. This is the first book that teaches the 'whats' and.
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The Speed of Trust book. Read reviews from the world's largest community for readers. From Stephen R. Covey's eldest son comes a revolutionary new pa. "This book can change lives. Covey helps us understand how to nurture and inspire immediate trust in every encounter, which is the foundation for true and. The SPEED of Trust by Stephen M.R. Covey - Over two million copies sold. Stephen M. R. Covey shows how trust—and the speed at which it is established with.
The author does a masterful job of clearly dividing trust into four core components: The first two define character; the latter two define competence. Measuring where trust falls short with any of these components provides a road map for how to repair, build, or extend trust. Furthermore, the book articulates how to build trust with more than a dozen concrete actions.
Finally, the book provides helpful rules to prioritize your trust investments. Without integrity you have no foundation on which to place trust.
Covey defines integrity as being honest, telling the truth, and leaving the correct impression. Beyond honesty, integrity requires three things:.
Why listen to the author?
The author defines intent as plan or purpose, and breaks it into three components:. Do you have the ability to accomplish the required task? The author breaks down capability into four key parts: The more these suit the needs of the situation, the higher the competence.
As I assess investment opportunities, I often focus on management team capabilities: The most powerful and simplest test for trust is results — not just what the results were, but how they were accomplished. This is critical for entrepreneurs thinking of starting a new venture.
Book review: “The Speed of Trust”
In interviewing senior executives, I place the greatest weight on proven results, their contribution to prior successes and its relevance to our company needs. The author identifies 13 different initiatives entrepreneurs can take to inspire trust. Since creating trust in your workplace is essential to driving growth, the key issue is how and where to make those trust investments. Ask yourself these questions:.
The Speed Of Trust: It's A Learnable Skill
Clearly, the lower the risk, the safer the investment. The higher the risk, the more you need to see strong character, competence, and prior results to justify the investment.
I felt this book had clear relevance to many of my startups and portfolio companies. Want to know how to do this perfectly?
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Read The Speed of Trust. Laura Schlessinger, internationally syndicated radio host and author of The Proper Care and Feeding of Marriage "Covey's book underscores the single most important factor -- the substrate -- that will determine the success or failure of any organization in the 21st century: TRUST.
This is a powerful read: brave, imaginative, amazingly prescient, and backed up by empirical and analytical heft. A must-read for anyone in a position of responsibility, from a support group to a global corporation.
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It's invaluable. I'd bet the price of this exciting book and more that his son, Stephen M. When you distrust people, you are suspicious of them. Covey cites a study showing that total return to shareholders in high-trust organizations is almost three times higher than the return in low-trust organizations.
On a personal level, high-trust individuals are more likely to be promoted, make more money, receive the best opportunities, and have more fulfilling and joyful relationships. For Covey, trust flows from the inside out, and has five waves: Trust begins with us personally, continues into our relationships, expands into our organizations, extends into our marketplace relationships, and encompasses our global society at large.
To build trust with others, we start with ourselves. Self trust is comprised of four cores: People with these four aspects are both credible and competent, and they are trustworthy.
He devotes a chapter to each of these cores, and each chapter is filled with personal stories as well as practical suggestions for how to increase your trustworthiness.Other than that I believe this book is a must read for anyone who tries to maintain integrity in business or their personal life.
From the epigraph -- 'Speed happens when people truly trust each other' -- to the closing bell, this is a book worth savoring -- and implementing.
It's a quick read. If you are not trusted by your boss, he will check or will let your colleague check your work.
Covey, is the very basis of the new global economy, and he shows how trustand the speed at which it is established with clients, employees and constituentsis the essential ingredient for any highperformance, successful organization. You definitely want to add this one to your library.
I'd bet the price of this exciting book and more that his son, Stephen M. A humble person is more concerned about what is right than about being right, about acting on good ideas than having the ideas, about embracing new truth than defending outdated position, about building the team than exalting self, about recognizing contribution than being recognized for making it.