Your Company May Have a Costly Trust Problem. Here’s How to Fix It — And Boost Your Profits.

Opinions expressed by Entrepreneur contributors are their own.

Hemingway famously wrote that the best way to determine if someone is trustworthy is simply to trust them. In most businesses, particularly in tech, trust has historically been hedged on two main factors: security and compliance. I believe this approach (much like Hemingway’s advice) is not only outdated but also costs companies millions every year.

As a chief trust officer, I’ve worked with dozens of companies in retail, software and even biotech, helping to turn their trustworthiness into a product they can take to market. This approach has led to faster sales and higher customer satisfaction, but it requires an entirely

→ Continue reading at Entrepreneur

More from author

Related posts

Advertisment

Latest posts

Make your money work when you’re not: Creating an income-producing portfolio | CNN Business

New York CNN  —  If you have savings and investments to support you in retirement — or, before then,...

Sperm whale families talk a lot. Researchers are trying to decode what they’re saying

Enlarge this image wildestanimal/Getty Images Scientists...

China launches its own anti-dumping probe following Biden’s monster tariffs | CNN Business

Editor’s Note: Sign up for CNN’s Meanwhile in China newsletter, which explores what you need to know about the country’s rise and how it impacts...