Trust Dynamics in Innovation Networks: The Chicago Life Science Cluster

Abstract

Knowledge exchange and collaboration in innovation networks is based on trust. Individuals and organizations within the network further play an important role in creating trusting relationships. Using this as a basis, the article explores the dynamics of trust when relationships and positions within the network change. Counter to the expectation that relationships are formalized in this scenario, the article shows that in the Chicago case, trust is layered. The article concludes that third-party sources of information about trustworthiness are strategically established as a layer in the network and that individuals translate past interactions into lasting organizations that can facilitate trust.