Do you really need trust in a JV because typically two or more parties are coming together for a mutual benefit project which neither can accomplish on their own for whatever reason, hence self-serving reason. In coming together the success of the JV/project depends on each party doing their part for the success of the project (i.e. a vested interest), and there is a contractual agreement spelling out each party's role and responsibility, so do the parties necessarily need to trust each other or even like each other?
2. " ...want to take advantage of others in order to satisfy themselves"
You will often hear people say: I trusted him/her, but he/she disappointed me. He/she took advantage of my trust to satisfy himself/herself. How can I trust someone again?
How do you see the kind of reaction to a broken trust? How would you advise someone who reacts this sort?
Further, does trust need to be reciprocal? Meaning, you need to trust me for me to trust you back?
1. Trust is earned and it is true that you would be more apped to trust someone at the start you have a good impression of, but have you been wrong about your first impression?
I have had wrong first impressions of individuals in the past and present. For example, I believed that I could fully trust a former co-worker of mine at the college, but I learned of her true side when she got me fired wrongfully, so that she could have more money and power. I have no respect for this person to this day because of her poor character, but I am striving to move forward from all the pain.
You have a good point about trust with JV/project. I think some level of trust is there when parties do get together ...
This solution discusses trust and International strategy within a business.
International Business Strategies and Corporate Culture
In your own words based on experience and understanding, please respond to the following:
A) What are four basic philosophies that drive strategic management in most multi-national corporations (MNCs)?
B) What are three basic differences between a domestic strategy and a global strategy?
C) Why is a global matrix design almost always transitional in nature?
D) What is corporate culture? Why is it paramount in international control systems?View Full Posting Details