WHAT IS TRUST?

Trusting someone means that you think they are reliable, you have confidence in them and you feel safe with them physically and emotionally. Trust is something that two people in a relationship can build together when they decide to trust each other.

Trust is an attractive object, an ideal and a vital instrument to projects vision. According to Wikipedia, trust has several connotations. Definitions of trust typically refer to a situation characterized by the following aspects:

One party (trustor) is willing to rely on the actions of another party (trustee); the situation is directed to the future. In addition, the trustor (voluntarily or forcedly) abandons control over the actions performed by the trustee. As a consequence, the trustor is uncertain about the outcome of the other’s actions; they can only develop and evaluate expectations. The uncertainty involves the risk of failure or harm to the trustor if the trustee will not behave as desired.

In a social context, trust commonly occurs or comes to need most in relationship and family matters, love affairs especially. But the basis of this particular column is trust in human management for effective output of an organization; many entrepreneurs fail to exceed to the status of small scale as a result of inability to manage a confidant to trust with their business activity and management.

But the question that should comes to our mind is how does all these big companies succeed it, how manage Aliko Dangote reside not in all his companies and there’s no malfunction, how Bill gate trace and track all Microsoft products and there’s no hacking record.. oh that’s too big? Okay let talk of management of 4, 5, 6, or less outlets for a fresh or developing entrepreneur.

Emphasizing on management of trust in business organization permit me to strictly maintain these two categorizes accordingly; 1.Understanding and 2. Tactics, under these two heading one could manage business organization successfully.

Understanding simply means ability to perceived intended meaning, ideal and scope of your environment, then now calculate the percentage of assurance you have based on your perception about the environment of operation to evaluate the risk of the business, based on value or cost of capital to justify the mechanism to put in place. In this mechanism you’re to manage your personnel, tools and other properties strictly, considering all considerable aspects.

Trust nobody but you have to trust someone, except you don’t trust yourself. Good leadership principle, and don’t forget that whosoever you don’t trust, don’t deal with, because when there’s no trust, there’s no hope on the deal. A man who trusts nobody is apt to be the kind of man nobody trusts.” – Harold Macmillan

You have to create a culture where everybody has an opportunity to be recognized.” – John Mackey. Dangote here I quote “corruption cannot kill business”, also very close to an Africa adage that said the battling you’ve already heard about earlier don’t kill even a lame man, but that’s a wise lame man that know how to handle his information. Tactics of operation is a vital tool to handling the trust of coworkers in ventures, started from basic assignment, division of labor, time management, terms and conditions and likes

. All these because distrust is an act of corruption which is a viral disease that can only reduce to affordable minimum, not eradicate. So tactics of the system of operation must be clear and sound to good percentage of reliability.

In law a trust is a relationship where property is held by one party for the benefit of another party. A trust is created by the owner, also called a “settlor”, “trustor” or “grantor” who transfers property to a trustee. The trustee holds that property for the trust’s beneficiaries.

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