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STEPHEN COVEY TRUST QUOTE HOW TO

Think about it this way: When trust is low, in a company or in a relationship, it places a hidden "tax" on every transaction: every communication, every interaction, every strategy, every decision is taxed, bringing speed down and sending costs up. Research shows similar effects for the other disguised low-trust taxes as well. A recent study conducted by the Association of Certified Fraud Examiners estimated that the average American company lost 6% of its annual revenue to some sort of fraudulent activity.

In 2004, one estimate put the cost of complying with federal rules and regulations alone in the United States-put in place essentially due to lack of trust-at $1.1 trillion, which is more than 10% of the gross domestic product. But the fact is, the costs of low trust are very real, they are quantifiable, and they are staggering.

STEPHEN COVEY TRUST QUOTE HOW TO

If it remains that way, then people don't know how to get their arms around it or how to improve it.

For many, trust is intangible, ethereal, unquantifiable. Most people don't know how to think about the organizational and societal consequences of low trust because they don't know how to quantify or measure the costs of such a so-called "soft" factor as trust. First, is there a measurable cost to low trust? Second, is there a tangible benefit to high trust? Third, how can the best leaders build trust in and within their organizations to reap the benefits of high trust? This crisis compels us to ask three questions. Indeed, "trust makes the world go 'round," and right now we're experiencing a crisis of trust. Consider the loss of trust and confidence in the financial markets today. Research shows that only 49% of employees trust senior management, and only 28% believe CEOs are a credible source of information. Trust in our culture at large, in our institutions, and in our companies is significantly lower than a generation ago. That thought is the problem.Almost everywhere we turn, trust is on the decline.

If you start to think the problem is out there, stop yourself.

But with the steady disintegration of the family in modern society over the last century, the role of the school in bridging the gap has become vital!.

Historically, the family has played the primary role in educating children for life, with the school providing supplemental scaffolding to the family.

I find new technology and new ways of communication very exciting and would like to do more in this field.

It's a fact that more people watch television and get their information that way than read books.

It's the foundational principle that holds all relationships. It's the most essential ingredient in effective communication.

In the last analysis, what we are communicates far more eloquently than anything we say or do.

The power to choose, to respond, to change. These give us the ultimate human freedom.

Every human has four endowments- self awareness, conscience, independent will and creative imagination.

Employers and business leaders need people who can think for themselves - who can take initiative and be the solution to problems.

A cardinal principle of Total Quality escapes too many managers: you cannot continuously improve interdependent systems and processes until you progressively perfect interdependent, interpersonal relationships.

Here are the top most famous quotes by Stephen Covey.

What are the top most famous quotes by Stephen Covey?

People always share Business quotes, Change quotes, communication, family, freedom, happiness, history, home, imagination & leadership from his literary works. Stephen Covey has written on many topics but he is most famous for his work about business, change, communication, family, freedom, happiness, history, home, imagination, leadership, learning, life, motivational, positive, power, society, spiritual, strength, success, technology, trust, wisdom & work.