Dominique O'Rourke

How to Build Trust with Formal Governance Mechanisms: Transaction Specific Investments Week 6 Part B – Twelve Weeks to Trust

Transaction Specific Investments… click!… Sounds totally boring. But read on… Transaction Specific Investments have been repeatedly proven to build trust in inter-organizational relationships. Sometimes called Relationship Specific Investments (RSIs) or idiosyncratic investments, TSIs are unique investments that support the inter-organizational relationship and its performance. They may be tangible or intangible but they are not easilyContinue reading “How to Build Trust with Formal Governance Mechanisms: Transaction Specific Investments Week 6 Part B – Twelve Weeks to Trust”

How to Build Trust with Formal Governance Mechanisms Part A – Hierarchy, Monitoring & Contracts – Week 6 of Twelve Weeks to Trust

There are two undeniable facts in inter-organizational relations: 1. All inter-organizational relationships are linked by a governance framework. Partners agree on structure (alliance, equity partnership, joint venture, etc.) and negotiate how it will be managed with contracts, hierarchy, reporting mechanisms and specific investments. “The choice of the form of governance …is the inter-organizational strategy ofContinue reading “How to Build Trust with Formal Governance Mechanisms Part A – Hierarchy, Monitoring & Contracts – Week 6 of Twelve Weeks to Trust”

Guest Post – Finding Your Passion

Thursday Guest Post Having worked with Brenda, I can attest to her talent, her contagious passion and her transformative energy which have already touched and transformed so many lives. She is a stellar example of someone who leads by influence and example rather than by authority (although her personal training clients may beg to differ).Continue reading “Guest Post – Finding Your Passion”

Ethics: Goodwill at the Heart of Trust – Week 5 of Twelve Weeks to Trust

Ethics lies at the very heart of trust within your organization and with your stakeholders. So why are its fundamental concepts missing from strategy, marketing and economics literature? It’s like a circulatory system without a heart! We saw in Week 2 that benevolence/goodwill is a key element to trust. It’s what makes trust a leapContinue reading “Ethics: Goodwill at the Heart of Trust – Week 5 of Twelve Weeks to Trust”