Let’s start by understanding the importance trust and leadership. Leadership skills are essential for a successful project manager or leader.
A Project Leader or Project Manager needs to understand the dynamics and types of leadership, as well as which style of leadership is best for a given situation. He or she can use expert judgment to determine the best style of leadership to achieve the desired goals. I believe that no matter what leadership style a Project Leader or Project manager uses, trust is the key to success in any situation. Trust is key to achieving results. If they don’t trust, they must adopt this trait as soon as they can to be successful. There is a difference in a good Project Manager from a successful Project manager. A good Project Manager can be a great Project Manager. However, a good Project manager cannot always be a great Project Manager. Trust is a key quality to being a successful Project Manager. Trust is essential in this digital age. Your peers and partners may not be physically close to you. Trust acts as a glue that binds you and your stakeholders harmoniously. This means that trust is an additional quality that Project Leaders and Managers must have. Trust is an important factor in effective communication with stakeholders. It allows for team meetings that are productive and successful, as well as the ability to negotiate with clients about their needs and develop estimates.
Neuroscience, Psychology, and Trust Building
How do you build trust? To build trust, it is important to first adopt the Seven C’s. What are the Seven C’s of trust? These are: 1) Character with compassion, 2) Clarity and 3) Contribution, 4), Competence, 5) Connection, 6), Commitment, and 7). Consistency. Forbes’ “AoYou can’t be a great leader without trust — Here’s how you build it” article explains in detail the Seven C’s of respect trust. Although it is aimed at Leaders, it also applies to Project Managers as Leadership is a skill or competence that project managers should possess. Why is trust so important I believe people want to do their best and go the extra mile for those they trust. If you ask me why people go the extra mile, I would answer “it’s human nature”. This is true. You can read more about it in “The Neuroscience of Trust” from Harvard Business Review. Based on the trust factor, it appears that the brain produces oxytocin levels. These oxytocin levels can help reduce fear of trusting others. This article contains the following: “Compared to people at low-trust businesses, people at high trust companies report: 74% lower stress, 106% higher energy at work, 50% more productivity, 13% fewer sick day, 76% greater engagement, 29% happier with their lives, 40% fewer burnout. All I am trying is to prove that trust is both an emotional and logical act. Understanding the psychological aspects of trust is essential in order to be able to adopt it.
Trust Quotient
To tackle any challenge, we must first come up with strategies, get consensus, and then make key decisions. To do this, we must first trust ourselves and believe that you can accomplish it in the best way possible. Trust is the ability to influence, inspire, and be followed by others. We need to tap into this. We can measure trust using IQ (intelligence quotient). This is the Trust Quotient (TQ).
TQ = (Credibility + Reliability + Intimacy)/Self-Orientation
Trust is a part of human nature. It is also related to psychology. You don’t need to worry if you don’t have a lot of TQ. It can be improved. Generally, natural or born leaders will have high TQ.