Stephen M.R. Covey
Leading at the Speed of Trust
What is the one thing that can make your organization more profitable and more promotable? The answer may surprise you―it’s trust. Stephen M. R. Covey, the author of the #1 Wall Street Journal bestselling, ground-breaking, paradigm-shifting book, The Speed of Trust, passionately advocates that nothing is as important in business and leadership as trust is to establish, grow, and extend relationships with stakeholders, employees, and customers alike.
Covey is the former CEO of Covey Leadership Center which, under his stewardship, became the largest leadership development company in the world. Covey personally led the strategy that propelled his father’s book, Dr. Stephen R. Covey’s The 7 Habits of Highly Effective People, to one of the two most influential business books of the 20th Century, according to CEO Magazine. A Harvard MBA, he joined Covey Leadership Center as a client developer and later became national sales manager, and then president and CEO. Under his direction, the company grew rapidly and profitably, achieving “Inc. 500” status and was later merged with Franklin Quest to form FranklinCovey.
Covey and his business partner Greg Link recently coauthored Smart Trust: Creating Prosperity, Energy, and Joy in a Low-Trust World,which shares enlightening principles and anecdotes of people and organization that are achieving unprecedented success from high-trust relationships and cultures.
Under Covey’s direction, the company grew rapidly and profitably, achieving Inc. 500 status. As President & CEO, he nearly doubled revenues to over $110 million while increasing profits by 12 times. During that period, both customer and employee trust reached new highs and the company expanded throughout the world into over 40 countries. This greatly increased the value of the brand and company. The company was valued at only $2.4 million when Covey was named CEO, and, within three years, he grew shareholder value to $160 million in a merger he orchestrated with then Franklin Quest to form FranklinCovey.
Covey currently serves on the board/advisory board of several entities, including the Human Performance Institute—the leader in energy management technology—where he serves as Advisory Board Chairman.