The Karl Vodrazka Colloquium: The Fine Line between Trust and Innovation

The 12th annual Karl Vodrazka Colloquium took place on March 22. Prof. Dr. Guido Möllering spoke about the difficult relationship between innovation and trust.

[Translate to Englisch:] v.l.n.r. Prof. Dr. Guido Möllering, Elke Schüßler, Frau Hertha Vodrazka und o. Univ. Prof. Dr. Helmut Pernsteiner

At this year‘s Karl Vodrazka Colloquium, trust researcher Guido Möllering held a keynote presentation titled “Innovation und Vertrauen: Ein verflixtes Verhältnis”. The director of the Reinhard Mohn Institute for Management at University of Witten/Hedecke provided insight into his current field of research that examines the role that trust plays in innovation processes between organizations. Prof. Möllering explained: “Innovation requires trusting that the new thing or idea is good and will be valuable. It can also destroy that feeling of trust on which trust is based.” Trust alone does not bring about innovation but it is the first step toward innovation.

The Karl Vodrazka Colloquium is held annually in commemoration of Karl Vodrakza, former JKU Rector and business professor. The event is organized by the Institute of Corporate Finance (dept. head: o. Univ. Prof. Dr. Helmut Pernsteiner).