Escaping the Trust Trap
In the US and around the world, trust in institutions is in decline. What is causing this erosion and how can we reverse the trend? This talk will suggest the source is the widening gap between the way we run our institutions and the evolving needs of the public. Massive, inward-looking institutions have focused on cost reduction, pushing people into standardized roles and offerings to support scalable efficiencies for the institution.
To restore trust, we need a more compelling narrative: one where institutions are driven by scalable learning, organized to understand each person’s unique context and focused on delivering growing value over time. Those who make this journey will gain privileged access to data as they rebuild trust and will reap the rewards of a powerful virtuous cycle.
- The erosion of trust in our institutions is much more fundamental and widespread than we realize, with significant implications for future growth.
- Restoring trust is achievable but will require fundamental transformation of our institutional models to human scale.
- Privileged access to data will increasingly drive opportunities to create value but that will depend on ability to build trusted relationships.
- John Hagel, Co-chairman, Center for the Edge, Deloitte
Jodi Gray, Marketing lead, Center for the Edge, Deloitte
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