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A low-trust society is defined as one in which interpersonal trust is relatively low, and shared ethical values are lacking. [1] Conversely, a high-trust society is one where interpersonal trust is relatively high, and where ethical values are strongly shared.
Northern Trust Corporation is an American financial services company headquartered in Chicago, Illinois, that caters to corporations, institutional investors, and ultra high net worth individuals. Northern Trust is one of the largest banking institutions in the United States and one of the oldest banks in continuous operation .
An entrepreneurial organizational culture is a system of shared values, beliefs and norms, valuing creativity and tolerance, believing that innovating and seizing market opportunities are solutions to problems of survival and prosperity, environmental uncertainty, competition, and expects members to behave accordingly.
Eventually he headed the commercial banking and personal financial Services business units, and became president and chief operating officer in December 1993. He was chairman and CEO of Northern Trust Corporation multibank holding company and the Northern Trust Company bank from 1995 through 2007. [3]
Hofstede's cultural dimensions theory is a framework for cross-cultural psychology, developed by Geert Hofstede.It shows the effects of a society's culture on the values of its members, and how these values relate to behavior, using a structure derived from factor analysis.
Russia is among the most survival-value oriented countries, and at the other end, Sweden ranks highest on the self-expression chart. [4] It has also been found that basic cultural values overwhelmingly apply on national lines, with cross-border intermixtures being relatively rare. This is true even between countries with shared cultural histories.
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In knowledge-based trust, some knowledge is known of the trustee and this allows the trustor to understand and predict the trustee's actions. Identification-based trust allows for one member to act as an agent for another member because they identify with each other based on their common goals and shared values. [5]