Trust is a core element of partnership in today's rapidly changing knowledge economy.

   

 

 

Trust Between Organizations Defined

Mutual trust is a shared belief that you can depend on each other to achieve a common purpose.

 

Strategic Alliances

Benefits

 

 

 

Key Benefits of Trusting Business Partnerships

Confidence

Strategic Alignment

③ Predictability

Synergy

Mutual Creativity

⑥ Improved Performance

 

 

 

All-Encompassing Effort

Trust is not a matter of blind faith. Your must construct it step by step. Further, building trust between organizations is all-encompassing. It involves your people, corporate culture, politics, practices, priorities, and structures.

 

8 Conditions for Trust Between Organizations

Getting People Issues Right in Mergers and Acquisitions

 

 

 

 

 

Achieving Synergy

The purpose of a synergistic strategic partnership is to get results that exceed what a transaction can do. Mutual trust helps achieve this as it allows the organizations that depend on each other to adapt as necessary and implement changes that cannot be planned in advance.

 

 

 

Enhanced Emphasis on Trust in the New Economy

"Trust is at the heart of today's knowledge economy." ~ Jordan D. Lewis 

Trust both between individuals and organizations is at the core of and delivers significant benefits in today's complex and rapidly changing knowledge economy.

It is one of the most efficient mechanisms for governing innovative business partnerships. With trust as a foundation, the companies or teams within a company can share their know-how to achieve synergy results that exceed the sum or the parts.

 

Trust, but Verify

Strategic Business Partnerships

10 Key Features of Effective Partnerships

Strategic Alliances

Joint Ventures

Why Joint Ventures Fail

 

 

 

Interpersonal Relationships

Deep trust between counterparts is an essential ingredient for creating greater value and solving complex problems. Interpersonal relationships are a critical element of trust between organizations. They make the connection.

 

 

 

Business partnerships live through people this is how all the parts come together. Interpersonal intelligence helps build deep cross-cultural trust that grows as interpersonal relationships strengthen.

 

People Skills

Building Relationships

Rapport

 

 

 

PowerPoints for sale

Smart & Fast

People Skills 360

 

 

 

 

 

 

Trust as a Competitive Advantage

Trustworthy firms have competitive advantage when it comes to forming and using cooperative strategies. All operational aspects of a cooperative arrangement are impossible to specify in a formal contract. Confidence that its partner can be trusted makes a firm faster and stronger... More

 

Sources of Sustainable Competitive Advantage

3 Main Sources

People

Tacit Knowledge

 

 

 

 

 

 

 

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