Tuesday, April 21, 2009

Trust : Why businesses lost it

Chris Jarvis has made a superb post in his blog Realizing your Worth on "Trust : Why businesses lost it and how to win it back."

He quotes Charles Handy, an Irish philosopher specializing in organizational management who wrote in his book ‘What’s a Business For’ in 2002 this prescient paragraph:

The markets will empty and share prices will collapse, as ordinary people find other places to put their money--into their houses, maybe, or under their beds. The great virtue of capitalism, that it provides a way for the savings of society to be used for the creation of wealth--will have been eroded. So we will be left to rely increasingly on governments for the creation of our wealth, something that they have always been conspicuously bad at doing.....Trust is fragile. Like a piece of china, once cracked it is never quite the same. And people's trust in business, and those who lead it, is today cracking."

Click here to read this superb post.