Building trust through continuous and consistent efforts both within and outside the organisation will pave way for business to grow.
In this knowledge world where there is intense competition and deception, lies, mistrust, unethical practices, opportunism and above all morality are compromised for narrow gain, trust is only way left to get your business right.
The speakers joining the conclave "Building Trust for Organisational Growth" organised by the Xavier Institute of Management, Bhubaneswar (XIMB) here on Saturday observed this.
"If you want financial capital, you need to build social capital," said talk moderator Professor of Strategic Management Amar KJR Nayak.
CGM Indian Oil AC Ghosh spoke about keeping pace with stakeholders and clients with mutual trust building.
"Employees centric approach need to be the talisman for organisational growth," remarked Director (HR) Nalco Basant Kumar Thakur.
General Manager (HR) NTPC Sebastian Joseph in his presentation stressed on need for trust at all levels.
There was also a question-answer session where the students and guests exchanged views on private versus public sector entities in terms of product, marketing, sustainability and employees security, besides trust of consumers etc.