Book review: “The Speed of Trust”

Trust is so basic to business that it is rarely discussed in an analytical and accessible way. The book “The Speed of Trust” offers critical advice for entrepreneurs on how to actively manage trust in order to accelerate growth and reduce costs, while avoiding missteps. The more trust within a company, the faster it can move with lower costs. Think of the adverse impact 9/11 had on the time and cost of air travel — longer lines and more security — because of the damage it did to trust.

Could collaborative consumption work in China? Not yet.

The concept of “Collaborative Consumption” is not new in the West, but it is in the East and especially in China. The term collaborative consumption basically means sharing things with other people — via barter, trade, or rental — and giving access instead of ownership. The Internet has pushed this quaint notion beyond just sharing between friends to create a powerful business model.