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International Studies in Phenomenology and Philosophy

Series | Book | Chapter

210182

Trust after the global financial meltdown

Patricia WerhaneDavid Bevan

pp. 387-408

Abstract

In the wake of the global financial market collapse of 2007–2008, Werhane and her co-authors Hartman, Archer, Bevan and Clark reconsider the issue of trust. Trust is considered here as invaluable and essential metaphorical glue in the smooth running of any globalized economy. The causes and effects of such a breakdown in this dynamic are identified, and the generally institutional barriers to any remedies are discussed with positive and negative examples. The paper proposes a range of organizational and cultural transformations which include adopting: (i) a preference for collaborative, rather than authoritarian, leadership; (ii) a more dynamic approach to corporate responsibility; and (iii) a more egalitarian and democratic approach to managing and communicating with stakeholder constituencies.Original publication: Werhane, P., Hartman, L., Archer, C., Bevan, D. & Clark, K. 2011. "Trust After the Global Financial Meltdown." Business and Society Review, vol. 116, no. 4, pp. 403–433. ©2011 Reprinted with permission.

Publication details

Published in:

Bevan David, Wolfe Regina W (2019) Systems thinking and moral imagination: rethinking business ethics with Patricia Werhane. Dordrecht, Springer.

Pages: 387-408

DOI: 10.1007/978-3-319-89797-4_23

Full citation:

Werhane Patricia, Bevan David (2019) „Trust after the global financial meltdown“, In: D. Bevan & R.W. Wolfe (eds.), Systems thinking and moral imagination, Dordrecht, Springer, 387–408.