Trust impacts the company’s bottom line more than anything else.
There can be a compelling vision, solid strategy, excellent communication skills, groundbreaking insights, and a skilled team, but if there is no trust, it will be hard to get the results you aim for. Leaders who create trustful environments within teams, improve output, morale, retention, innovation, loyalty, and revenue. People who trust one another feel comfortable around failure, weakness and even fears which are crucial for learning, innovation and performance. The absence of trust fosters skepticism, frustration, cynicism, silos, low productivity, and turnover.
Trust cannot be built overnight. It requires time, courage, effort and character.