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FranklinCovey Blog | Economic Reality
Trust: an early indicator of economic recovery
Stephen M.R. Covey, the New York Times and Wall Street Journal bestselling author of The Speed of Trust: The One Thing That Changes Everything, is sharing the power of trust in a 13 city North American speaking tour.
In a recent interview with The Orange County Register Covey addressed the economic worldwide crisis of confidence and how he sees trust as the remedy.
- When leaders ignore or forget their principles, they behave in ways that cause others to lose trust and they loose moral authority, causing social and economic impact. Trust is not a soft social virtue but is a hard-edged economic driver. Financial markets work because of capital and liquidity, but these two elements are not enough. Currently, the government has stepped in to help out with liquidity, but trust cannot be artificially created. › Continue reading