Home | Login | Contact

Who    What    Why



INSIGHTS



  COMMUNITY ARTICLE

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.






Click here to download this insight








Related Insights

Creating a Customer-Centric Business Moral AI The Human-Machine Workforce
Other Insights Contributed by Accenture - Fenchurch Street:
Supporting Mental Health in the Workplace: The Role of Technology AI Explained: A Guide for Executives CFOs are the New Digital Apostles Achieving Sustainable Growth Through Hyper-Relevance Make your Wise Pivot to the New Put your Trust in Hyper-Relevance The X Factor: Competitive Agility Operate Like a Disrupter Reworking the Revolution Disruption Need Not Be An Enigma When She Rises, We All Rise Technology Vision 2018 Using AI to Succeed What's Your Company's AI IQ? Brexit Supply Chain: Know Your Tipping Point Automation in Consumer Goods A New Slice of PII A New Slice of PII Investment Banking: Capitalising on Talent Gen Z Rising Harnessing the Power of Social Media Creating a Winning Geographic Strategy

Related Insights

Your Peers Also Read

The Three Lines of Offense The CFO as an Enabler CFO Research Results 2017 Tech and Talent in Asia Distributed Generation: A Brighter Future?