First things first...do you trust your life-long friend to keep a life-long secret? Do you trust your car dealer to complete the schedule oil change, tire rotation and that oh so mandatory surprise problem by the promised 4:00 PM pick-up time? Do you trust your employer to give you the 10% raise the year after a recession?
Trust is a resource. You give it, you take it and you create something out of it. In almost all situations where trust comes into play there is uncertainty such as the role of emotion in the early stages of a relationship.
Why are some people a good judge of character, while others can make money even when the stock market is tanking, or millions of others are willing to buy and sell from each other without a face to face introduction? Its because each of these people are able to deal in varying outcomes with that resource called trust.
So what is the definition of trust? There is little agreement about the exact, let alone conceptual, meaning of trust. Trust has been defined as:
- a behavior (Zand, 1972)
- an attitude (Kegan & Rubenstein, 1973)
- a confidence (Cohen, 1966)
- an expectancy (Rotter, 1980; Scanzoni, 1979)
- a belief or set of beliefs (Barber, 1983; Bromiley & Cummings, 1995; Rotter, 1967)
- a dispositional variable (Rosenberg, 1957; Rotter, 1967, 1980)
- a situational variable (Johnson-George & Swap, 1982)
- a structural variable (Fox, 1974; Lewis & Weigert, 1985a,b)
- a social agency relationship variable ... you get the picture
- Risk occurs where information is unavailable, the future outcome is unpredictable, and where
there is a possibility of loss or harm (Chiles & McMackin, 1996; Lewis & Weigert,
1985). - Interdependance: where one party relies on another, or perhaps many others, to achieve desired results
PS: the quote in the Title is by Friedrich Nietzsche.
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