Power • Influence • Impact

Trust and Credibility in Business Relationships

These two words go hand in hand. If you think someone is credible – for whatever reason – you are likely to trust them. Credibility is the culmination of a wide range of factors which build the overall impression in the mind of the observer, including qualifications, competence, reputation and performance. When experienced, it is self-reinforcing and ultimately enhances the predictability of the individual concerned – it builds trust.

Positive Indicators: Each party in the relationship is likely to…

  • Tell the truth and the whole truth (are open with each other).
  • Share sensitive information (even if this could put them at a disadvantage).
  • Have no secrets (obviously within commercial boundaries).
  • Be predictable and reliable, or even dependable.
  • Do what they say they’re going to do.
  • Give bad news early and avoid “surprises”.

Negative indicators include people…

  • Being hesitant, cautious and a little suspicious of the other person.
  • Lying and withholding information when it is to their personal advantage.
  • Misleading others about their real agenda.
  • Creating false deadlines, or moving them for their own convenience.
  • Asking different people until they get the answer they want to hear.
  • Criticising behind each other’s backs.
  • Providing inaccurate, misleading or false feedback.

Spend a few moments thinking about a significant relationship, perhaps with a business partner or another team.

  • What evidence is there for the positive and the negative?
  • What is the balance like between the indicators overall?
  • Are there any differences between the two teams?
  • What can you do to increase the level of trust and credibility?