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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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Solo Self-employed and Contract Workers as Catalysts of Digital Transformation in German Companies
Oliver Stettes IW-Trends No. 1 14. April 2023

Solo Self-employed and Contract Workers as Catalysts of Digital Transformation in German Companies

In 2021, around one in four companies in Germany had solo self-employed workers or employees of outside companies working for them under contract.

IW

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Andrea Hammermann / Jörg Schmidt / Oliver Stettes IW-Analyse No. 149 27. July 2022

Labour turnover in Germany

Labour turnover in Germany tends to be relatively constant over time but decreases slightly in times of economic crisis, such as the Global Financial Crisis of 2008-2009 or the Covid-19 pandemic.

IW

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