The Power of Trust

Trust is everything. Particularly in an economy built on credit - as we have come to find out. The current economic crisis started out with a bursting of the housing bubble that led to the near collapse of our financial markets. The lack of trust that froze our credit markets nearly paralyzed our economy. The question we must now answer is how to gain back that trust. The answer, at least according to Dov Seidman, is to trust others.

This is the theme of his piece entitled "Building Trust by Trusting." It ran in the September 7th edition of Business Week.

He takes an interesting approach to the concept of trust at all levels of business. From allowing employees to take as much vacation as they feel appropriate to providing severance to employees who lose their jobs. Definitely worth a read so check it out.