Research: How to Build Trust with Business Partners from Other Cultures

Trust is the social glue that holds business relationships together.┬áBusiness partners who trust each other┬áspend less time and energy protecting themselves from being exploited, and both sides achieve better economic outcomes in negotiations. But, how do managers decide whether to trust a potential partner outside of their business? And how does culture influence this decision-making process? To answer these questions, we interviewed 82 managers from 33 different nations in four regions of the world identified by the World Bank as the engines of the global economy: East Asia, the Middle…

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Ola, Matrix Partners Explicitly Deny Stake Sale to Uber

Bengaluru-based transportation aggregator Ola and its investors Matrix Partners India have categorically denied a report that appeared in DNA on Friday, which alleged that certain investors in Ola plan to sell their stake to Uber. The news report, based on information from an unnamed source alleged that Uber was acquiring stakes of all the investors, including the founders, except SoftBank, with a term sheet likely to be signed by this quarter. “We would like to state that the article, attributed to an ‘unnamed source’ is completely false, misleading, malicious and…

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Uber Partners Mumbai Traffic Police to Install Breathalysers

App-based cab aggregator Uber has partnered with the Mumbai traffic police to curb drunk-driving by installing ‘Uber Breathalysers’ at bars and pubs in the city. Uber Breathalyser is a kiosk that analyses alcohol content in a person’s blood and accordingly flashes a red light, if it’s over the legal limit, and a green light, if it’s safe for the person to drive. If the reading is over the legal limit, a message is displayed on the screen that helps the person request an Uber home, instead of driving. “Through this…

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