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REALISING THE ECONOMIC POWER OF TRUST
The P4TM Value-based Management Framework
THE P4TM MISSION
To harness the economic power of Trust, creating value and competitive
advantage through better execution of your initiatives and strategies –
thriving not just surviving in the Age of Distrust.
WHAT IS P4TM?
P4TM is a system that measures and helps guide engagement through
Trust and indicates how effectively your strategy is being executed.
Measurement results and analysis help make engagement programmes
more effective in implementing change and key initiatives.more effective in implementing change and key initiatives.
Provides help to leadership teams in terms of their development and
getting the right action plan implemented to improve performance
Helps deliver competitive advantage – financially, operationally and
behaviourally – fueling sustained growth and greater value.
P4TM – THE COST OF DISTRUST
What are
these
Wasted
Time
Hidden
AgendasDuplication
these
costing
you ?
Complex
Processes
Lack of
Clarity
WHAT IS TRUST?
Trust is at the heart of every transaction, decision and choice
TRUST =
Employees
Partners
Customers
Society
TRUST =
‘I feel I know what
to expect from you
and feel I can rely
on you to deliver it
(or make it right if
you don’t)
WHAT IS TRUST?
Trust is at the heart of every transaction, decision and choice.
Trust is a core leadership competence.
“What is Trust? I could give you a dictionary definition but
you know it when you feel it. Trust happens when leaders
are transparent, candid and keep their word. It’s that are transparent, candid and keep their word. It’s that
simple.”
Jack Welch, former CEO General Electric
THE VALUE OF TRUST – ‘TRUST IS ECONOMIC’
Trust is a powerful business tool – a fundamental influencer, positive or
negative, of your ability to execute strategy via the very tangible
mechanisms of Speed and Cost.
TRUST = SPEED + COST
TRUST = SPEED + COST
Trust is a means of better executing strategy, not an end objective
From Stephen M. R. Covey ‘The Speed of Trust’
INVESTORS BELIEVE ‘EXECUTION OF STRATEGY’ IS THE
NO.1 DRIVER OF SHAREHOLDER VALUE
Trust and Engagement enable effective execution of strategy
Source: Ernst & Young
TRUST IS ESSENTIAL FOR ANY BUSINESS
Without Trust you have no real engagement or willingness for change
(with your people, partners and customers)
Without engagement it’s hard to deliver the right results
Or create the momentum that underpins sustainable growth
HIGH TRUST VALUE CHAIN
Better
execution
Heightened
Loyalty –
employees,
customers,
Accelerates
growth
Increases
shareholder
& customer
Greater
engagement,
improved
collaboration
*High trust organisations outperform low trust ones by 286% in terms of total returns to shareholders – Watson Wyatt 2002
execution customers,
suppliers,
Investors
growth & customer
value*collaboration
& teamwork
HOW DO YOU BUILD A HIGH TRUST ENVIRONMENT?
• By consistently exhibiting HIGH TRUST VALUE-CREATING BEHAVIOURS
across everything that you do – across the 4Ps of Principles, Purpose,
Process, Performance
• You can drive Trust by TRUST LEADERSHIP BEHAVIOURS based on
innovation, ‘the exceptional’ and ‘going beyond the expected’innovation, ‘the exceptional’ and ‘going beyond the expected’
• You sustain it via TRUST SUSTAINING BEHAVIOURS – ‘important but
expected’ hygiene factors, ‘what any good company would do, both
generally and category specific’
P4TM VALUE-BASED MANAGEMENT FRAMEWORK 4x4 Value-Creating Behaviours
� Inspiration
� Initiative
� Intent
� Recognition
� Clarity
� Alignment
� Responsive
� Empowered
� Consistent
� Open
� Respect
� Authentic
� Results
� Growth
� Efficiency
� Accountable
IF THIS HAS BEEN OF INTEREST AND……
want to know more on how could help your organisation
achieve real engagement to support change and business strategy
Contact Details:-Contact Details:-
Adrian Woodstock - [email protected]
Mobile: +44 (0)7769 650960
Company Email Address: www.endaba.com