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60 pages 2 hours read

The Speed Of Trust: The One Thing that Changes Everything

Nonfiction | Book | Adult | Published in 2006

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Index of Terms

Four Cores of Credibility

Covey outlines these as the foundational elements that make a person or an organization credible and trustworthy. The cores consist of integrity, intent, capabilities, and results. They reflect both the character and competence of an individual or an organization, and all four are necessary to fully establish credibility (which, according to Covey, builds trustworthiness and leads to trust).

Five Waves of Trust

This framework forms the backbone of Covey’s analysis of how trust operates on various levels; it reflects The Complexity and Multifaceted Nature of Trust and facilitates The Learnability and Restorability of Trust. Each “wave” symbolizes a different layer of trust—self-trust, relationship trust, organizational trust, market trust, and societal trust. The metaphor of waves provides a model for building trust from the inside out, beginning with personal credibility and extending outward to societal influence. Each wave is a distinct area where trust can be cultivated, and its absence can have profound implications.

Thirteen Behaviors of High-Trust Leaders

Covey identifies these behaviors as the actions that high-trust leaders consistently exhibit to build and sustain trust. The behaviors, which include traits such as talking straight, creating transparency, and delivering results, are practical expressions of trustworthiness. By practicing these behaviors, leaders can inspire trust, improve relationships, and enhance their own effectiveness.

Smart Trust

This term encapsulates Covey’s recommended approach to trust—a judicious mix of judgment and instinct. It’s neither unthinking trust nor automatic distrust, but rather a thoughtful balance that considers the context, risks, and credibility of the parties involved. This is the kind of trust that savvy leaders employ to foster innovation, collaboration, and robust relationships in personal and professional life; it is vital to Covey’s ideas about Trust as a Strategic Imperative and Leadership Tool.

The Smart Trust Matrix

Covey provides this tool for readers to measure and understand trust. It operates in two dimensions—character and competence, which correspond to Covey’s cores of credibility. Using this matrix, individuals and organizations can assess their trustworthiness, identify areas of strength and weakness, and work toward building high-trust relationships and environments.

Trust Tax and Trust Dividend

Covey uses these terms to quantify the impact of trust in relationships, organizations, and society. The “trust tax” is a metaphor for the cost that distrust imposes—from slowed progress due to excessive oversight to the mental toll of suspicion and skepticism. Conversely, the “trust dividend” represents the benefits of high trust, including smoother operations, greater innovation, and enhanced collaboration. The higher the level of trust, the greater the dividend.

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