Trust and Competency

Companies and Individuals that exude both trust and competency in their work are increasingly hard to find.

A few recent examples:

Samsung

  • Leadership charged with collusion
  • Produces sub-standard home appliances
  • Revealed only recently that “Smart TV’s” are prone to hacking and can be used to record behaviour

City of Toronto

  • Road maintenance contracts awarded to “select” firms who are then sub-contracting to lower bidders

Province of Ontario

  • Contractors using sub-standard asphalt to win the bid, only to keep repaving because of the poor quality
  • Ontario Power Generation/Ontario Hydro-Ridiculous solar re-purchase agreements for residential producers that lead to super high hydro rates

I could go on but would rather focus on why this continues to happen. When we accept sub-standard and poor performance as the new “Norm” we endanger the very existence of our institutions and companies. Dealing with poor performance adds costs and inefficiencies. We must go back to demanding more from our workers, management and governments to live up to what is expected of them.

Holding people, managers and representatives to account is not easy, nor HR friendly, but it must be something we are prepared to do. Accepting sub-par performance will mean that people will go elsewhere or lose faith entirely. Both scenarios are not good, but losing someone’s trust can be devastating.

If you are not happy with your product, service or government representative, make it known that you demand better. Hold them to account, vote, or find someone that you can trust and is competent.

Remember

Are you with me?

Regards,

Rick Barbosa

 

 

 

Published by

rickbarbosa

Our Senior Partner Rick Barbosa is a Professional Accountant and Personal Financial Advisor with over 25 years experience dealing with Large Fortune 500 Organizations and Small to Medium sized Family owned Businesses. If you're looking for help with your finances, taxes, investing or starting and managing a business you've come to the right person.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s