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Trust: belief that someone or something is reliable, good, honest, effective, etc.
Swift trust is a form of trust occurring in temporary organizational structures, which can include quick starting groups or teams. It was first explored by Debra Meyerson and colleagues in 1996. In swift trust theory, a group or team assumes trust initially, and later verifies and adjusts trust beliefs accordingly. [1]
Trust has focal meaning for the success of every transaction. It stimulates the human activities. In countries with trust culture there is higher social well-being and economic growth. [4] In distrust culture those who trust in others are believed to be naive and simple-minded and they are the victims of unfair transactions.
Trust in reciprocity takes into consideration three different factors: the individual’s risk preferences (whether or not the person has a tendency to accept risks in trust decisions), their social preferences (whether the individual shows prosocial tendencies or betrayal aversion), and lastly, their beliefs about the other’s trustworthiness ...
Coercive power uses the threat of force to gain compliance from another. Force may include physical, social, emotional, political, or economic means. Coercion is not always recognized by the target of influence. [8] This type of power is based upon the idea of coercion. The main idea behind this concept is that someone is forced to do something ...
Trust can be therefore estimated on the basis of monetary gain attributable to cooperation. The original 'game of trust' has been described in [12] as an abstracted investment game between an investor and his broker. The game can be played once or several times, between randomly chosen players or in pairs that know each other, yielding ...
The win-win approach sees conflict resolution as an opportunity to come to a mutually beneficial result; and it includes identifying the underlying concerns of the opponents and finding an alternative which meets each party's concerns. From that point of view, it is the most desirable outcome when trying to solve a problem for all partners.
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