Trust, power or money: What governs business relationships?

Trust in Electronic Commerce Business Relationships

The concept of trust in electronic commerce literature has emerged over recent years. Whilst trust has always been an aspect of business generally, in the digital economy it has taken on a more pivotal and visible role. When trading with someone, with whom you have no physical or visible contact it is imperative that the two parties have some basis for having confidence in the transaction. It i...

What Is More Important to Effective Governance: Relationships, Trust, and Leadership, or Structures and Formal Processes?

Impact of Tight Money and/or Recessions on Small Business

The opinions and recommendations of the authors of this study do not necessarily reflect official positions of the SBA or other agencies of the U.S. government. Executive Summary The long expansion, two recessions, and financial disruptions affected businesses of all sizes over the past dozen years. Small businesses may be particularly exposed to recessions, banking conditions, and monetary pol...

Better business, more money.

When it comes to investing in a practice management (PM) system, practice managers want to see gains in efficiency and fatter bottom lines. Even if they choose a PM system that’s coupled with an electronic medical record (EMR), their primary goal is to boost their practices’ efficiency through more accurate and speedier billing, resulting in faster reimbursements from payers. To achieve these g...

Money and trust among strangers.

What makes money essential for the functioning of modern society? Through an experiment, we present evidence for the existence of a relevant behavioral dimension in addition to the standard theoretical arguments. Subjects faced repeated opportunities to help an anonymous counterpart who changed over time. Cooperation required trusting that help given to a stranger today would be returned by a s...