Triple Crown Leadership

Triple Crown Leadership

Tag Archives: Trust

52 Trust-Building Ideas

Posted on

Want 52 great ideas for how to build trust in your organization? The annual Edelman survey reveals that less than 20% of business and government leaders are trusted to tell the truth, or that they make moral and ethical decisions. See their 2013 data below. Survey Respondents Distrust Our Leaders Such lack of trust is devastating. Trust Across America–Trust Around the World asked their worldwide experts for their ideas on trust building and designed a powerful wall poster: “52 Ideas that You Can Implement to Build Trust” Contributors include such luminaries as Jim Kouzes, Barry Posner, Barbara Brooks Kimmel, Doug Conant, Stephen M. R. Covey, Bill George, and many more. (I’m proud to have three ideas listed.) This wall poster sells for $7, but I’ll send a pdf of it   …Continue Reading


Boards and Trust

Posted on

by Bob Vanourek Higher trust in organizations leads to higher retention, cooperation, innovation, and pride. Higher trust enhances the speed at which organizations work because the fear created in low trust organizations is minimized. Higher trust leads to better results for all stakeholders from customers to employees and shareholders. Therefore, higher trust needs to be on the agenda of boards of directors. Yes, I know they’re busy with risk mitigation, regulatory compliance, governance, financial oversight, and more. But if the board does not insist on a high-performance culture built on trust with all stakeholders, then that board is abdicating their fundamental fiduciary responsibility. For several years, I have been working with Trust Across America – Trust Around the World (TAA – TAW) on how organizations can increase trust within their   …Continue Reading


Blue Ocean Trust Building Workshop

Posted on

“Blue Ocean” Trust-Building Workshop (This Takes Guts) By Bob Vanourek   Building trust requires courage: the courage to be vulnerable, to listen to feedback on what you, as a leader, do daily, and the resolve to follow through on your commitments to change, even if those changes are uncomfortable.   This trust-building activity takes guts because it opens you to feedback you may not have heard before. It’s uncomfortable. This workshop, which I have used successfully, is a much shorter version of the excellent process described in the Harvard Business Review article “Blue Ocean Leadership” by W. Chan Kim and Renee Mauborgne.[1]   This activity can be used in (1) large organizations that have several layers of management and several departments (or functional “silos”), or (2) individual departments. The workshop   …Continue Reading


Special Leadership Responsibilities of Boards

Posted on

  Boards have special leadership responsibilities to ensure their organizations are trustworthy. If their firms are not trustworthy, they will suffer at the hands of regulators, customers, employees, and shareholders. But surely boards are consumed with the important duties of corporate governance, strategy, risk management, compliance, executive compensation, and succession. Can we realistically expect boards to take on something as ethereal as trust? Yes, we must. Boards cannot discharge their fiduciary duties without attention to the trustworthiness of their organization. Decades ago, the vast majority of an organization’s assets were tangible, such as cash, equipment, and buildings. Today, intangible assets, including brand and reputation, often predominate. Boards have a fiduciary obligation to protect these intangibles, which can be tarnished with the pressing of a cell phone’s video camera, or a posting   …Continue Reading


Why Boards Should Pay Attention to Corporate Culture

Posted on

“Culture isn’t just one aspect of the game—it is the game.” Lou Gerstner, former IBM CEO   Most boards think “culture” is the soft, fuzzy stuff that some CEO’s or HR leaders may pay attention to. These boards are sadly wrong. A high-performing, ethical culture can be a great source of competitive advantage. An organization’s culture is “how we do things here”—how people behave in their relationships. Business is a set of relationships, and healthy relationships are built in trust. Organizations with a toxic culture pay a heavy price in lost revenue, damaged reputation, lawsuits, and more. By contrast, organizations with a high-performance, trust-based culture (e.g., Southwest Airlines, Zappos.com, and Patagonia) enjoy a self-reinforcing, virtuous cycle with their stakeholders. They build trust and employees unleash more of their talents and   …Continue Reading


Trust in Transition: Navigating Organizational Change

Posted on

Our friend and colleague, Bob Whipple, the Trust Ambassador and CEO of Leadergrow, has written an important new book, Trust in Transition: Navigating Organizational Change. Here’s a review of it I posted on Amazon.com: “Priceless and Practical. Don’t embark upon an organizational change effort before reading this book.   Bob Whipple, the Trust Ambassador, has written an important book. During my years leading organizations in extreme transitions, I wish I had had Bob’s book with me. Transitions, such as mergers, often fail or operate sub-optimally due to cultural issues, frequently because the parties involved lack trust in one another. Bob outlines steps leaders can take when embarking upon organizational change to mitigate the risks and avoid the pitfalls. Especially useful are his Figures and Tables, illustrating clearly the barriers to navigating   …Continue Reading


CEO Tip: Trust Your Board As Your Ally

Posted on

  Some CEO’s and boards have close, trusting partnerships that serve them and their firms extremely well. They are, in my experience, the minority. Most CEO’s I have met see the board as a group they need to “manage,” a dinner and meeting they need to prepare for, taking preciously valuable time away from running the business, which is the CEO’s real job. To many CEO’s, the board is tolerated, professionally and courteously of course, but a group relatively uninformed about how hard it is to really run the business. The time spent preparing for board meetings is huge. Staff reports prepared; rehearsals of PowerPoint presentations; after-meeting meetings to decipher what the board now wants and what to do to get ready for the next session. What’s the solution? A   …Continue Reading


A New, Overarching Goal for Boards

Posted on

One of the painful results of boards embracing the goal to “maximize shareholder value” is shown in the Edelman Trust Barometer: Only 53% of respondents trust business Only 18% of the general population trust business leaders to tell the truth The overarching goal for corporate boards should not be to maximize shareholder value. Instead, boards should set as their primary objective to: Build an excellent, ethical, and enduring organization. Excellent means achieving extraordinary results for customers, employees, and shareholders. Ethical means achieving those results the right way, with integrity, not cutting ethical corners. Enduring means achieving those results sustainably, being conscious of the firm’s impact on the planet, and acting responsibly to ensure precious resources are not wasted. Enduring also means acting sustainably inside the firm, not burning people out, nor   …Continue Reading


Put Trust on Your Daily Docket  

Posted on

Let’s assume that as a CEO or board leader you want your firm to be viewed as trustworthy by its stakeholders. You realize a more trusting set of relationships between people will be useful, perhaps even a breakthrough to improved performance. Great. But this is a field where you don’t have expertise. You have been bred in the battles of line and staff assignments where results had to be achieved, new ideas implemented, and problems resolved fast. Building organizational trust is a strange, new endeavor. What can you do? Give them some books to read? Hire a consultant to conduct some workshops? Tell everyone you’ll put “trustworthiness” into the performance appraisals? That will get their attention, but it may not help much. Fortunately, unlike ethics, or values, trust is a   …Continue Reading


Does Your Board Have Your CEO’s Back?

Posted on

  One of the great scourges of our age is “short-termism.” A staggering 78 percent of CFOs and CEOs admit to sacrificing long-term value to achieve smoother earnings. Many decry this “suicide by quarter” mentality, but few CEO’s will be able to withstand the pressure to make the quarterly numbers unless he or she has the full, vocal support of the board. When the CEO and CFO conduct the conference call and get hammered by day traders or short sellers, and when the stock dips because the company didn’t make the whisper number the Street expected, what will the board do? Hide? Talk among themselves about whether or not the CEO will “make it”? If so, your CEO won’t trust your board. Without this trust, the CEO’s job is too   …Continue Reading


Do Your C-Suite Execs See Value in People?

Posted on

Some C-suite execs see themselves as wonderful gifts to their firm. After all, they have all the right tickets punched: the right schools, an accomplished track record, and charisma. These are the execs with the right clothes, cars, and houses. They enjoy their generous compensation and perks. They convey a message of: “It’s good to be great” with willing followers hoping some day they can reach such lofty heights. The fatal problem is these “great ones” can’t possibly cope with the complexity and hyper-fast pace of today’s world. No matter how smart they are, no matter how many hours they work, no matter what new innovations they embrace, they can’t do it alone. They need the depth and breadth of ideas and heartfelt implementation from many people inside and outside   …Continue Reading


Transparency Builds Trust

Posted on

iStock Photo Let’s consider two otherwise identical firms. Rocket Corp. issues their quarterly earnings press results, focusing on their financial results. Then they conduct their quarterly conference call with investors, reporting their revenue, margins, profitability, cash levels, and citing their revenue and earnings guidance for the next quarter and year. They take questions from those investors on the call and then put the directives out to the management team that: “This is what we have to do to make the numbers for the quarter, otherwise our stock will be hammered.” Endurance Inc. also issues a quarterly press release and conducts an investor conference call, but in addition to the same financial data that Rocket Corp. issued (excluding earnings guidance), they report many additional metrics: Customers: Revenue and market share details   …Continue Reading


The World Cup and Great Leadership

Posted on

Watching the great performances at the 2014 F.I.F.A. World Cup in Brazil, we noticed many parallels between football (soccer) and great leadership. Competing at the World Cup and employing great leadership both take: Patience. The game is long and can sometimes appear uneventful to the untrained eye, but then there are spurts of breakaway brilliance and intensity with tackles, moves, sprints, crosses, shots, and saves. Great leadership is willing to grind out tasks over the long term, ready for bursts of activity when opportunities arise. Stamina. The heat and humidity in Brazil wear down the best performers. Similarly, the pressures of leadership require one to stay the course and not give up. “You will go through tough times, it’s about getting through them.” -David Beckham, legendary U.K. footballer Hard Work. It   …Continue Reading


Trust is Essential for a High-Performance Team

Posted on

Internet Talk Radio Show with Bob Whipple and Bob Vanourek December 18: Noon eastern time Join Bob Vanourek and Bob Whipple, “The Trust Ambassador” and CEO of Leadergrow an organization dedicated to leadership development, as they dialogue on how leaders can build trust in their organizations. The Internet talk radio program, hosted by Voice America, will be on December 18 and their topic is: “Trust is Essential for a High-Performance Team.” Bob Whipple spent his career as a leader in a large U.S. firm going through extreme challenges. He is a dedicated business scholar, university professor, and leadership consultant. Whipple is also the author of several books, including Leading with Trust is Like Sailing Downwind, an excellent book rich in practical wisdom on leadership and trust. Bob Vanourek posted a   …Continue Reading


Leadership, Pushes, and Poetry

Posted on

“Come to the edge,” he said. 
 “We are afraid,” they said. 
 “Come to the edge,” he said. 
 They came to the edge, 
 He pushed them and they flew. 
 ― Guilliame Apollinaire, French poet How much should a leader push colleagues when they are afraid? Apollinaire’s lines above signal that a leader sometimes has to push people off the edge for them to discover they can fly. While a romantic notion, we take a different view. Certainly, leadership is often about moving out of a comfort zone. Management is good at driving efficiency in your existing place, even when people should be running for the hills. Leadership is about inspiring people to move to a whole new and better place, even if they are reluctant to   …Continue Reading


Trust: Ride the Wave to High Performance

Posted on

A sea change is underway in how businesses are run. Are you ready? Will you follow the trendsetters, scrambling to catch up? Or will you run out front in the vanguard? For decades, the mantra of businesses has been to “maximize shareholder value.” Executives were quick to embrace it. They could focus on a single priority, measured simply by the short-term share price. They made tough decisions about stripping out underperforming assets, laying off personnel, and manipulating revenue recognition and balance sheet reserves to meet Wall Street’s expected earnings levels. They placed shareholder value at the top of the heap. The result was more efficient businesses, but it came at a devastating price: a huge loss of trust among their customers, employees, and the public. In response, counter-movements have arisen,   …Continue Reading


Unleash Your Latent Leader

Posted on

Too many people disempower themselves with comments like “If only they would …“ Or “I’m only a (fill in the blank with ‘engineer,’ or ‘salesman,’ or ‘clerk’).” Too many people self-select out of leadership. (See our blog on “The Biggest Barrier to Leadership.”) What if Alice Paul (who fought for women’s rights), or Rosa Parks, or Dr. Martin Luther King, Jr., or Nelson Mandela, or Mahatma Gandhi said the same? Or countless others who had no positional authority but decided to lead anyway? “Leadership is your choice, not your title.” -Stephen R. Covey Those waiting for someone else to lead are missing a wonderful opportunity. Great leadership is a group performance which ebbs and flows among many leaders even within the hierarchy of an organization. To quote John Michael Montgomery’s song,   …Continue Reading


The Ten T’s of Trustworthy Leadership

Posted on

Guest Blog by Barbara Kimmel #1 Trustworthy leadership – A culture of trust cannot exist with an untrustworthy leader. Trustworthy behavior must start at the top and flow down through every person in an organization. Trust should not be confused with compliance. Being “legal” is not synonymous with being trustworthy. #2 Transformation – Productivity and exceptional execution begin when the CEO and leadership team synthesize a set of values and goals that are shared, accepted, and adopted by all stakeholders. #3 Tools – There are many trust tools leaders can use to build trust with their stakeholders, running the gamut from metrics and assessments to online surveys. #4 Treatment – The Golden Rule says to “treat others the way you want to be treated.” Leaders who extend trust to stakeholders are   …Continue Reading