Lotte Chemical Group CEO Lee Young-jun called on executives to overcome uncertainty by fostering organizational trust and leveraging core competencies, as the group seeks innovation and new market expansion amid a challenging business environment.
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Lotte Chemical Group CEO Lee Young-jun Urges 'Overcoming Crisis Through Organizational Trust'

Lotte Chemical Group CEO Lee Young-jun called on executives to overcome uncertainty by fostering organizational trust and leveraging core competencies, as the group seeks innovation and new market expansion amid a challenging business environment.

Yonhap Infomax
10 Pitfalls That Destroy Organizational Trust

In their new book, Move Fast and Fix Things, Frances Frei and Anne Morriss outline five strategies to help leaders tackle their hardest problems and quickly make change. Their second strategy is to build — or rebuild — trust with your stakeholders. This means they need to believe three things: that you care about them (empathy), that you’re capable of meeting their needs (logic), and that you can be expected to do what you say you’ll do (authenticity). Most organizations are shaky on at least one of these trust pillars, commonly in one of the below scenarios.

Harvard Business Review