Building Trust in your Firm

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Building Trust in your Firm
One clear advantage of deploying an intrinsic stakeholder commitment philosophy is that it it is very strong in building trust between the business and the stakeholders / civic society as a whole. Because the firm is inherently interested in building and maintaining good relations with stakeholders.
in a shareholder orientation trust in your firm would be the lowest, while a strategic stakeholder orientation average to good trust levels can be expected.

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		Pamela Kent, UK
	0 Rebuilding Trust between Banks and Society This is an important observation for many financial institutions who have focused a bit too much on the interests of shareholders and bonuses for top managers. Beware of those who are now going to merely pay lip service to other stakeholders...

		Anthony Belon Entrepreneur, Malaysia
	0 Trust is an Outcome of Confidence & Sound Performances. Building and maintaining trust of stakeholders on an organization is about winning their confidence through sound performances - one of which is positive and substantiative results.

		Jeswan Singh, Malaysia
	0 Intrinsic Stakeholder commitment The above should ideally also be influenced highly by a fourth block at the far right representing productive employee commitment to Business results. It's no more just the usual win-win strategy (stakeholders & company) but a win-win-win strategy incorporating a third and critical component, ie the employees.

		Martijn de Jager, Netherlands
	0 Multiple Trust has to be Restored Trust in regulators is zero. And well deserved. These guys have been sleeping for the last 10 years. Trust in banks is very low. Trust in regular companies and their management is also low (executive compensation and bonuses). But bonuses are good as long as they are linked to long-term stakeholder results. Some people are too quick to argue that the entire system of capitalism is no good anymore. Don't forget the immense wealth and happiness it has brought to the world.

		Paul Smeaton-Russell, England
	0 Ethics. Intrinsic Stakeholder Committment If you read "Fool's Gold" by Gillian Tett about the present derivatives-based credit crisis in the banking sector her key point is that JP Morgan's valuation of stakeholder (investor) assessment of the bank's ethics led to a calculation that most of what passed for strategy during the 90's and right up to 2007 was intrinsically unethical on normative grounds. Furthermore the numbers just could not be made to add up. Other banks must be doing something unethical as well as suicidal in investment banking terms. JP Morgan mostly avoided the crash which subsequently overtook those other banks. Ethics is a long-term strategic choice and as the book makes clear, must be based on the question 'If I (corporate 'I') want to continue to be regarded as ethical by my stakeholders (investors) then would I follow the herd' to which they effectively answered No!

		Grace Oshun, Nigeria
	0 Intrinsic Stakeholder Commitment Interpersonal relations are vital to the success of any organisation. Management can indeed not afford to overlook the interest of stakeholders because their support will ensure the survival of te or (...)

		Benard S. Otube, Kenya
	0 Don't Forget Internal Stakeholders! The argument seems to dwell on external stakeholders without reference to internal stakeholders (e.g. employees). But truly a good business strategy is all about satisfying stakeholders' expectations (...)

		Husson Yanis, Mauritius
	1 Trust (↑) = Speed (↑) and Cost (↓) According to Stephen M. R. Covey, when there is trust between two people, in an organisation, in a country the speed also increases, pertaining positive results and efficiency of human capital and som (...)