Relationship between Cultural Values, Sense of Community and Trust and the Effect of Trust in Workplace

TL;DR

This paper reviews various perspectives on trust, emphasizing its importance in organizational success, especially in cross-national partnerships, by reducing costs and enhancing relationships.

Contribution

It offers a comprehensive overview of trust, its definitions, factors influencing it, and its role in organizational and cross-national contexts.

Findings

Trust reduces transaction costs.

Trust promotes inter-organizational relationships.

Trust improves subordinate-manager relationships.

Abstract

This paper provides a general overview of different perspectives and studies on trust, offers a definition of trust, and provides factors that play a substantial role in developing social trust, and shows from which perspectives it can be fostered. The results showed that trust is playing an important role in success for organizations involved in cross-national strategic partnerships. Trust can reduce transaction costs, promotes inter-organizational relationships, and improve subordinate relationships between managers.