In a recent podcast by the Harvard Business School, Richard Edelman – CEO of the largest PR consultancy in the world – talks about four main factors that affect trust in business. One of them is leadership, which in itself is not that surprising, however what’s interesting is that CEO trust, which was recovering from a low point in 2008 up to 2011, has gone backwards substantially.
As the 2015 Edelman Trust Barometer has found, focusing extensively on operations and making a lot of money is no longer key – it doesn’t earn you a better reputation anymore, nor any credibility.
According to Richard Edelman it is engagement and integrity that really matter – engagement related to absolute transparency and sharing of data and information, and integrity related to putting customers ahead of profits, treating employees well and making the supply chain good.
For business, Edelman has found that trust is built through specific attributes, organised into five performance clusters and ranked by importance with integrity and engagement leading the pack, followed by products and services, purpose and operations.
What all these have in common is that they evolve around people. Trust is about them, not you.






