Wonder
Log in
Research Outline
Prepared for Daniel A. | Delivered March 21, 2020
Importance of Corporate Trust, Speed, Passion, and Proactivity
Review your project details
Goals
To provide examples of behaviors (in a corporate environment) that demonstrate trust, speed, passion, and proactivity. We will also look at the importance of each of those traits for business operations.
View less
Early Findings
Trust in Business
Some of the best leadership behavior for building trust include being transparent, leading by example, engaging and promoting employee engagement, and recognizing excellence.
Leader behavior has a big impact on work culture and trust, as employee often
look up to people
in higher position for guidance.
When a leader
reinforces their words
with actions, it shows employees that their leaders are serious, which drives trust.
When a leader is
open and honest
, their behavior assures people that there is nothing to hide. Lack of transparency, on the other hand, makes people believe that there is a hidden agenda.
Building relationships at work can also
greatly improve productivity
According to INC, people that have friends at work are
43% more likely
to receive recognition for their work.
When leaders recognize that one of their employees has done well in their work, it
boosts morality, happiness
and promotes the productivity of the whole team.
Importance of Trust in Business
According to Paul J.
Z
a
k
, Founding Director of the Center for
N
e
u
r
o
e
c
o
n
o
m
i
c
s
Studies and Professor of Economics, Psychology and Management at Claremont Graduate University, "people at high-trust companies report
74% less stress
, 106% more energy at work, 50% higher productivity, 13% fewer sick days, 76% more engagement, 29% more satisfaction with their lives, and 40% less burnout."
Moreover, trust is good for
morale and motivation
and builds teamwork and collaboration. It also increases efficiency, speed and the loyalty of employees.
Trust is also a good driver of profit, as employees that work in companies they trust have
increased productivity,
which decreases cost.
View less