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Showing posts with label business. Show all posts
Showing posts with label business. Show all posts

Friday, 8 August 2014

Trust-Building Skills Most Important for an Entrepreneur



   Go through the link http://www.entrepreneur.com/article/234453,and you will find good tips to build up trust,if you are an entrepreneur.I find the tip related to creating good content very useful.If you are creative,then you can create good content,which catches eye,It can boost your sales,as people today want good content from all angles,related to a product.I find this art of creating good content lacking.People in pursuit of mechanical business goals,forget the need to have strong on-line content.

   I find the tip related to nurturing relationships with customers is equally important,besides the business logic.I will prefer a salesman who is more eager to know about me,is honest and doesn't put forth his agenda with a sole motive of profit.Now,this requires a more humane approach.A fine balance of human and business skills can help you build up bonds of trust.

   As we move towards a new era of entrepreneurship,this  demands trust-building skills for success.So,besides innovative business idea,you need to be  well trained up in building up trust.If you have this mindset,then you can well succeed in your venture.

Sunday, 22 June 2014

Increasing Use of Trust As A Communications Medium

When Narendra Modi was actively campaigning for BJP, he constantly used the word  ‘Trust’  to strike a popular chord in the people’s psyche. He exhorted the voters to trust him, and give him a chance. A strong call for trust, from the voters, appeared to evoke heart-filled sentiments in the people. Similarly, Arvind Kejriwal, AAP leader at one point of time repeatedly asked the middle class and youth  to have trust in AAP’s ability to provide a clean government devoid of corruption. I think politicians are increasingly using the word ‘trust’ to win public sympathy. In most of the cases, their often use of the word ‘trust’ is an emotional ploy in their pursuit of power.

The corporates and business houses  too now feel that they have to carve their clean image by using  the word ‘trust’ in their communication strategies. The speeches of their business heads are laced with the word ‘trust’. When you see the advertisements today, you will feel that copy-writers increasingly use the word ‘trust ’so that people buy the products. Today, the consumer is not a fool. I don’t think that catchy advertising slogans with dominant use of word ‘trust’ will change a consumer’s perception.

At the level of society, we see  the more use of word ‘trust’ in verbal communication. In family, the husband and wife constantly ask each other to trust, so that their relationship becomes strong. A desperate communication medium of trust is used to remove marital discord. The parent-child relationship is witnessing a big upheaval. Values are changing, and parents who are more attached to old legacy, find difficult to adjust to the changing times. In this scenario, the parents and children more often use the word ‘trust in their verbal communication, when things go awry. Both parents and children try to convince each other that they have deep trust amongst them.
The organizations, or sectors, today when there is trust-deficit all around, portray themselves as trust-worthy to build up their image. Their communication strategies are geared towards this, and often this becomes a PR exercise. The corporates, in the grab of Corporate Social Responsibility, are using CSR as medium to show their deep trust in the community welfare. The NGOs, cooperatives and  civil-society organizations, which are people-based, naturally use trust as a communication medium to win popular support.


Increasing use of ‘trust’ as a  medium of communication  in all walks of life clearly indicates that we realize the importance of trust. We have  strong conviction   that without trust, systems will collapse, and social norms wither away. But, how to assess the genuineness of trust claims from all quarters? I think trust-based surveys are very important to assess the impact of ‘trust’ as a communications tool. These surveys should touch all the areas of polity, society and economy. Trust-based surveys with defined parameters in organizations/sectors will also show interesting results. Definite and clear-cut strategies would then emerge which would help in solving the problem of distrust everywhere.

Sunday, 29 December 2013

Community Trust is Important for Business Success




  When I went through this link http://www.standardmedia.co.ke/business/article/2000101023/trust-the-driving-force-behind-many-somali-traders-success,I felt that community trust is so important for any business to succeed.Today,growing greed is a big hurdle for any business.The greed knows no boundaries.We tend to take community for granted.Our business ties with the community are based on our arrogance .We take them for granted.

   Small businesses based on trust of the community can turn out to be thriving economic models in this era of economic uncertainty.I feel that any potential businessman should understand the psyche of the community before venturing into any business.The community should not be considered a passive customer,instead its dynamic role should be understood in proper perspective. 

Thursday, 26 December 2013

Can your business succeed without trust?



  Trust is very important fora business to succeed. An interesting link on the subject,and my comment below.I feel that without building up trust,a business can not succeed
http://www.businessmanagementdaily.com/37176/building-trust-in-your-business-relationships#comment-4024204