Trust Currency in the Relationship Economy

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Trust is the most valuable currency in the Relationship Economy

Transcript of Trust Currency in the Relationship Economy

Page 1: Trust Currency in the Relationship Economy

TRUSTThe most valuable currency in the Relationship Economy

Page 2: Trust Currency in the Relationship Economy

ALLIES of TrustALLIES: The Spectrum of Trust Factors

A : Appraisal of Credibility

L : Liability & Vulnerability

L : Leverage & Context

I : Index of Connectivity

E : Evaluation of Cost & Compensation

S : Synchronicity, Synergy & Synthesis

* I used "spectrum" because they overlap

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Appraisal of CredibilityWho are you?

What can you do for me?

Why should I trust you?

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Liability & VulnerabilityWhat risks come with trusting you?

What risks are you taking?

What are your limitations?

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Leverage & ContextWho has more leverage? (actual & perceived)

What do you bring to the table?

How important is it to trust you?

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Index of ConnectivityHow many mutual connections do we have?

How difficult is it to break ties with you?

How many connections do I gain by trusting you? How many do I lose if I don't?

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EvaluationWhat do I get by trusting you?

How much does it cost to trust you?

How much does it cost if I don't?

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SynchronicityHow long have we known each other?

How much time have we spent?

Has history proven your trustworthiness?

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SynergyWhat have we done together?

What have we shared?

How much have we lost and gained in this relationship?

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SynthesisWhat do we call ourselves?

What new thing have we created together?

Where has this trust relationship brought us?