Fostering Trust and Commitment in Complex Project Networks through Dedicated Investment in Partnership Management
An absence of trust among partners can magnify the risk in a complex project by increasing behavioural uncertainty. Partnership trust can effectively substitute for control, reducing variability of outcomes and increasing value-adding strategic collaboration. It is introduced as strategic countermea...
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| Veröffentlicht in: | Sustainability 2020-12, Vol.12 (24), p.10397 |
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| creator | Shin, Nina Yoo, Jung-Sang Kwon, Ik-Whan G. |
| description | An absence of trust among partners can magnify the risk in a complex project by increasing behavioural uncertainty. Partnership trust can effectively substitute for control, reducing variability of outcomes and increasing value-adding strategic collaboration. It is introduced as strategic countermeasures against risks associated with project complexity that can only be achieved with commitment from all partners. This research conceptualises partnership trust on four dimensions and investigates the roles of dedicated investment and information sharing in partnership trust–commitment. The complexity of trust management is further highlighted in an exploration of the importance of the exchange relationship environment. |
| doi_str_mv | 10.3390/su122410397 |
| format | Article |
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| ispartof | Sustainability, 2020-12, Vol.12 (24), p.10397 |
| issn | 2071-1050 2071-1050 |
| language | eng |
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| source | MDPI - Multidisciplinary Digital Publishing Institute; EZB-FREE-00999 freely available EZB journals |
| subjects | Collaboration Decision making Hypotheses Information sharing Investment Investments Partnerships Social exchange theory Strategic management Suppliers Supply chains Trustworthiness |
| title | Fostering Trust and Commitment in Complex Project Networks through Dedicated Investment in Partnership Management |
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