The traditional perception of private equity (PE) firms is that they are the business world’s version of house flippers – they buy an asset and unlock its value, then sell it for a higher price in a relatively short time frame.
According to PwC’s Global Economic Crime and Fraud Survey 2018, nearly a quarter of South East Asian organisations have been asked to pay a bribe in the last two years.
Trust is not accidental. It has to be designed for, with the help of technology and a keen understanding of our customers. As more companies digitalise and more tech start-ups emerge, trust will be the currency that says “you can rely on my services.”
About trust being an important component of how organisations' communicate with their customers
Leaders build trust through the authenticity of their actions. It comes from a conscious effort to walk the talk, keep promises and align behaviours with values.
In this digital age, investors are demanding for more transparency to aid their decision making. To entrust their assets to the stewardship of the organisation, some level of trust is required in the organisation.
Going online is like having Google, Facebook, or Twitter do the same thing. Just like how you’ll either move away or reprimand the spying stranger, be proactive in deciding who you trust with your data online.
The significant growth of the halal food market presents opportunities to all players in the food industry. But trust in halal food is fragile – or put in consumer terms, ‘once broken, considered sold’.
Trust is too dynamic to be defined solely in terms of flexibility or workplace perks in the traditional sense. Companies also need to know how to empower employees to make the right decisions when it comes to serving the customer.
