Summary of The Speed of Trust

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The Speed of Trust book summary
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Rating

8 Overall

9 Applicability

6 Innovation

7 Style


Recommendation

Stephen M.R. Covey's book provides a framework for understanding trust and a set of guidelines for building and restoring trust. Abundant anecdotes illustrate its lessons. An impressive array of business leaders, gurus and authorities lent their names to blurbs for this book, most of them endorsing the proposition that trust is good for the bottom line of any business. It would be hard to argue with that. If the book's style reminds you of The 7 Habits of Highly Effective People, there's a reason. The author is the son of 7 Habits' guru Stephen R. Covey, and the same writer, Rebecca R. Merrill, was involved in both books. While this solid book may not be quite as intensely focused as 7 Habits (but then, what is?), getAbstract recommends it to readers seeking confirmation of perennial truths about the importance of trust and its application in business.

In this summary, you will learn

  • Why trust is important to companies and families;
  • How to act to develop trust; and
  • What to do when trust is broken.
 

About the Authors

Stephen M. R. Covey is co-founder and CEO of CoveyLink, a leadership consultancy. Rebecca R. Merrill is the co-author of Life Matters and Connections (with Roger Merrill) and of First Things First (with Merrill and Stephen R. Covey).

 

Summary

The Value of Trust

Trust is necessary to the credibility – and, therefore, the empowerment – of any organization, economy or human relationship. People who work in an atmosphere of trust can collaborate productively, so things get done faster and at lower cost. Without trust, however, business slows down and costs rise. When trust is absent, people keep trying to protect themselves against those whom they cannot trust. They insist on getting everything in writing because they cannot believe what people say and they engage in other steps whose only function is to compensate for lack of trust. The absence of trust is like a tax on a business. The presence of trust is like a dividend.


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    Kaitlin Casey 4 months ago
    Wonderful read
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    Mariah Lescasse 1 year ago
    informative
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    Scott Corbitt 4 years ago
    Excellent summary. Provides main points with some foundation. You could get the basic message of the book along with working points to help understand the topics.