Why Trust is the Essence of an Effective Business

Why Trust is the Essence of an Effective BusinessOne of the most important elements of a positive, synergistic and healthy workplace environment is trust. Trust forms the foundation for effective communication and interaction, and provides a solid platform for employee engagement, retention, successful customer experiences, and satisfaction.

Trust goes beyond being able to rely upon someone. It is about character, ability, confidence, strength, faith, and conviction. When trust exists in an organization or in a relationship, almost everything else is easier and more comfortable to achieve which is why it’s so critical to build and maintain trust.

Like organizational culture, I believe trust starts at the very top – since trusting and being trust “worthy” can only exist when top management sets the example, and then promulgates that example into every business unit and department. This means establishing and maintaining integrity and communicating your vision and values through word and deed and doing what is right.

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Should You Check Into a Vendor’s Online Reputation Before Going into Business with Them?

Working with a vendor offers certain advantages to a business. For example, ordering becomes a simple process and overall efficiency is improved. In most cases, the business enjoys a cost savings as well as less stress. Overall, the right vendor can make life easier for a business owner.

But there are lots of things to consider before going into business with a vendor. One of the top priorities is how that relationship will affect the future of your business.

Besides finding a vendor that can meet your needs, it is also important to find one that has good reputation. Associating with a company that is less than reputable can reflect poorly on your business.
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