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Dominik Enste / Mara Grunewald / Louisa Kürten IW-Trends No. 2 10. July 2018 New Results from Experimental and Behavioural Economics: A Culture of Trust as a Competitive Advantage in Digital Times

For companies, a lived culture of trust is an important competitive advantage. Particularly in an era of digitalization and increasing complexity, trust provides a sound basis for successful cooperation.

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A Culture of Trust as a Competitive Advantage in Digital Times
Dominik Enste / Mara Grunewald / Louisa Kürten IW-Trends No. 2 10. July 2018

New Results from Experimental and Behavioural Economics: A Culture of Trust as a Competitive Advantage in Digital Times

IW-Trends

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German Economic Institute German Economic Institute

For companies, a lived culture of trust is an important competitive advantage. Particularly in an era of digitalization and increasing complexity, trust provides a sound basis for successful cooperation.

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By contrast, when a firm's culture is determined by controls and compliance mechanisms, employee satisfaction and motivation decline, and conflicts between staff and their superiors become more common. To explore the future of the culture of trust in German companies, this study carried out experiments in behavioural economics with junior managers. The results show that young junior managers have a high degree of trust, are willing to cooperate and behave fairly.

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A Culture of Trust as a Competitive Advantage in Digital Times
Dominik Enste / Mara Grunewald / Louisa Kürten IW-Trends No. 2 10. July 2018

Dominik Enste / Mara Grunewald / Louisa Kürten: Neue experimentelle und verhaltensökonomische Ergebnisse – Vertrauenskultur als Wettbewerbsvorteil in digitalen Zeiten

IW-Trends

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German Economic Institute German Economic Institute

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Home office after almost two years of pandemic
Christiane Flüter-Hoffmann / Oliver Stettes IW-Report No. 2 19. January 2022

Home office after almost two years of pandemic

This study presents a retrospective and an outlook on the spread and structure of the spatial and temporal flexibilization of work in Germany, Europe and the U.S.

IW

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Oliver Stettes IW-Report No. 15 10. May 2021

Performance Management in the Covid 19 Crisis

Empirical evidence based on the IW Personnel Survey reveals that around half of the companies in Germany reported negative economic effects of the Covid-19-pandemic.

IW

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