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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

German Economic Institute (IW) German Economic Institute (IW)

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

German Economic Institute (IW) German Economic Institute (IW)

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Unzufriedener Chef im Gespräch mit seinen Kollegen bei einer Besprechung im Büro.
Oliver Stettes IW-Trends No. 3 8. August 2024

Areas of Conflict and the Role of Works Councils in the Digital and Green Transitions

Digitalisation processes and investments in environmental and climate protection are often accompanied by the introduction of new procedures and working methods.

IW

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Carolin Fulda / Oliver Stettes IW-Report No. 25 10. May 2024

What factors influence the career ambitions of people with disabilities?

Many companies in Germany report having difficulties not only in recruiting employees, but also in filling vacant management positions.

IW

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