The structure of optimal trust: Moral and strategic implications

Citation
Ac. Wicks et al., The structure of optimal trust: Moral and strategic implications, ACAD MGMT R, 24(1), 1999, pp. 99-116
Citations number
60
Categorie Soggetti
Management
Journal title
ACADEMY OF MANAGEMENT REVIEW
ISSN journal
03637425 → ACNP
Volume
24
Issue
1
Year of publication
1999
Pages
99 - 116
Database
ISI
SICI code
0363-7425(199901)24:1<99:TSOOTM>2.0.ZU;2-4
Abstract
In this article we discuss trust in ethics and management as a qualified an d conditional good, arguing that researchers should focus on optimal trust- a: mixture of trust and distrust appropriate in most contexts, including bu siness. Trust is an important part of strategic choice, and managers who de velop optimal trust in relationships with stakeholders will improve firm pe rformance. We offer a: definition of optimal trust, develop propositions ba sed on the definition, and include indicators managers might use to assess whether trust is optimal in relationships with various stakeholders.