Towards establishing trust relationships among organizations in VBEs

Abstract

Organizations compete in acquiring competitive resources, knowledge, and competencies. However, in the current market, when an opportunity is brokered, organizations need to collaborate, more than competing, by sharing the acquired resources, knowledge, and competencies to respond to the opportunity which none of them could handle otherwise. This means organizational strategies must now adapt to the notion of collaboration with others. One important organizational strategy necessary in the virtual organization breeding environment (VBE) is focused on the organizational preparedness that is required to enhance the chances of participating in virtual organizations (VOs). A crucial aspect of preparedness is the establishment of trust relationships with other member organizations to smoothen the sharing of resources, knowledge, and competence, and in turn facilitate the organizations' collaboration. In this paper we address approaches and mechanisms for establishment of trust relationships among member organizations in VBEs. © 2007 Springer Science+Business Media, LLC.