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Mindful management of relationships during periods of crises: A model of trust, doubt and relational adjustments

This paper identifies practices of business-to-business relationship management that lead to building resilience during crisis. Business relationships play a significant role when firms face turbulence and disruption. Crises create resource limitations that businesses need to manage by the rapid for...

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Detalles Bibliográficos
Autores principales: Zafari, Katayoun, Biggemann, Sergio, Garry, Tony
Formato: Online Artículo Texto
Lenguaje:English
Publicado: Elsevier Inc. 2020
Materias:
Acceso en línea:https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7274625/
http://dx.doi.org/10.1016/j.indmarman.2020.05.026
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author Zafari, Katayoun
Biggemann, Sergio
Garry, Tony
author_facet Zafari, Katayoun
Biggemann, Sergio
Garry, Tony
author_sort Zafari, Katayoun
collection PubMed
description This paper identifies practices of business-to-business relationship management that lead to building resilience during crisis. Business relationships play a significant role when firms face turbulence and disruption. Crises create resource limitations that businesses need to manage by the rapid formation of new relationships to access resources and build adequate capabilities. Mindfully managing such relationships requires a combination of trust, doubt and control mechanisms to enable exchange while safeguarding against relational vulnerabilities. Drawing on data from 33 firms operating within highly turbulent and uncertain environments, and crisis management literature, we apply the concept of mindfulness and introduce a model of mindful management of relationships as a process that combines the cognitive and behavioural capabilities of trusting, doubting, verifying, and adjusting relational exposure. This process enables a rapid acquisition of resources and building capabilities while enabling businesses dealing with issues before relational failure manifests. The mindful process supports ongoing and highly interactive relationships that adjust to changing circumstances fostering collaboration to deal with crises. Results encourage managers to rapidly develop relationships and trust new partners, whilst practicing suspicious thinking, enacting continuous interaction, empowering experienced boundary personnel, enabling frequent informal communication, and supporting the development of diverse social bonds.
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spelling pubmed-72746252020-06-08 Mindful management of relationships during periods of crises: A model of trust, doubt and relational adjustments Zafari, Katayoun Biggemann, Sergio Garry, Tony Industrial Marketing Management Article This paper identifies practices of business-to-business relationship management that lead to building resilience during crisis. Business relationships play a significant role when firms face turbulence and disruption. Crises create resource limitations that businesses need to manage by the rapid formation of new relationships to access resources and build adequate capabilities. Mindfully managing such relationships requires a combination of trust, doubt and control mechanisms to enable exchange while safeguarding against relational vulnerabilities. Drawing on data from 33 firms operating within highly turbulent and uncertain environments, and crisis management literature, we apply the concept of mindfulness and introduce a model of mindful management of relationships as a process that combines the cognitive and behavioural capabilities of trusting, doubting, verifying, and adjusting relational exposure. This process enables a rapid acquisition of resources and building capabilities while enabling businesses dealing with issues before relational failure manifests. The mindful process supports ongoing and highly interactive relationships that adjust to changing circumstances fostering collaboration to deal with crises. Results encourage managers to rapidly develop relationships and trust new partners, whilst practicing suspicious thinking, enacting continuous interaction, empowering experienced boundary personnel, enabling frequent informal communication, and supporting the development of diverse social bonds. Elsevier Inc. 2020-07 2020-06-05 /pmc/articles/PMC7274625/ http://dx.doi.org/10.1016/j.indmarman.2020.05.026 Text en © 2020 Elsevier Inc. All rights reserved. Since January 2020 Elsevier has created a COVID-19 resource centre with free information in English and Mandarin on the novel coronavirus COVID-19. The COVID-19 resource centre is hosted on Elsevier Connect, the company's public news and information website. Elsevier hereby grants permission to make all its COVID-19-related research that is available on the COVID-19 resource centre - including this research content - immediately available in PubMed Central and other publicly funded repositories, such as the WHO COVID database with rights for unrestricted research re-use and analyses in any form or by any means with acknowledgement of the original source. These permissions are granted for free by Elsevier for as long as the COVID-19 resource centre remains active.
spellingShingle Article
Zafari, Katayoun
Biggemann, Sergio
Garry, Tony
Mindful management of relationships during periods of crises: A model of trust, doubt and relational adjustments
title Mindful management of relationships during periods of crises: A model of trust, doubt and relational adjustments
title_full Mindful management of relationships during periods of crises: A model of trust, doubt and relational adjustments
title_fullStr Mindful management of relationships during periods of crises: A model of trust, doubt and relational adjustments
title_full_unstemmed Mindful management of relationships during periods of crises: A model of trust, doubt and relational adjustments
title_short Mindful management of relationships during periods of crises: A model of trust, doubt and relational adjustments
title_sort mindful management of relationships during periods of crises: a model of trust, doubt and relational adjustments
topic Article
url https://www.ncbi.nlm.nih.gov/pmc/articles/PMC7274625/
http://dx.doi.org/10.1016/j.indmarman.2020.05.026
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