New Results from Experimental and Behavioural Economics: 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
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.
Dominik Enste / Mara Grunewald / Louisa Kürten 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.
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.
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
Lena Suling / Julia Wildner IW-Report No. 19 10. April 2024
Leadership in transformation: Megatrends and management as a driver of change
Leadership dynamics in companies are subject to constant change in order to meet the challenges of their time. Today, the greatest influences result from developments such as demographic change, globalization, individualization, structural change and ...
Andrea Hammermann / Oliver Stettes IW-Report No. 16 28. March 2024
Orphaned executive chairs in German companies
In 2023, half of the companies in Germany reported increasing problems in filling vacancies for management positions because employees are not aiming for a career. Larger companies are less affected than small companies.
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German Economic Institute (IW) 
