The Bottom Line on Trust

In this age of transparency, how a company does things has become equally important as what it does, finds this report by Accenture Strategy
 
The Accenture Strategy Competitive Agility Index quantifies the impact of trust on a company’s bottom line. Their 2018 analysis revealed that 54 percent of the companies that were examined experienced a material drop in trust at some point during the past two and a half years. Across the 54 percent, revenues at stake conservatively equate to at least US$180 billion.
 
Key points to consider:
 
- Know where you stand – The only way to know this is to measure it. If you can’t measure it, you can’t manage it.
- Make trust part of your cultural bedrock – leadership teams must embrace trust as a core element of business strategy.
- Elevate trust’s role in your overall strategy – in the mid and long-term, companies need trust across the stakeholder map to access avenues to growth. Without the support of all stakeholder groups, your company will face a growth disadvantage versus competitors.




Related Insights

Read, watch & listen to some of the latest thought leadership from our Community.

Inspiring Leaders Podcast: Le...

In this episode, we hear from Sean Latus, Group CEO at Calisen, as he reflects on his transition from CFO to CEO and the realities of leading a complex organisation in today’s business climate.  Hosted by...

Click here to download this insight
Europe's AI Reckoning: Reinve...

Europe’s productivity challenge is growing and the clear root cause is underinvestment in technology. In this report, Criticaleye Partner Accenture explores the potential of artificial intelligence (AI) to bo...

Click here to download this insight
Are Women Leaders Driving our...

How are women leaders responding to disruption in today’s uncertain world? This report from Criticaleye Partner AlixPartners draws on insights from its latest Disruption Index to reveal that women in leadership ar...


1 2 3 4 5 6 7 8 9 10
Displaying 1 to 3 of 445




LDC Amazon UK Concentrix Accenture London Stock Exchange Group GlaxoSmithKline plc FTSE Women Leaders Review NatWest Group Google IBM Consulting Aldermore Group British Land Rolls-Royce Palo Alto Networks E.ON UK Salesforce Workday Royal London Group AlixPartners Experian Hitachi Solutions Eightfold AI Worldpay Drax Group plc Lightsource bp Legal & General Redwood Bank NATS