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Exploring Human & Social Capital in Organizations

Dive into the realm of human and social capital in organizations, examining their economic value, interplay, and impact on transactions. Unpack the concept of capital, from Fisher's definition to intangible assets, and delve into the transformation and creation of capital in the business landscape.

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Exploring Human & Social Capital in Organizations

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  1. KM – a New View ? JC Spender Monieson Fulbright Scholar 2007-8 Burton-Jones & Spender Oxford Handbook of Human Capital OUP 2008/9

  2. fitting K into our theorizing theories of firm / organization intangibles as K-assets creative responses to K-absences ? KBV ?? KM Brown Bag

  3. capital & the firm • organizational capital = tangible + intangible capital • intangible capital metaphors • human • social • economic value as defining • human capital • educational inputs, training, self-education • investment costs to be offset • revenue generated (a retrospective metric) • capability (a prospective metric) • Solow, Schultz, Becker • gap between growth and tangible investment • macro versus micro views • learning curve, returns to formal education KM Brown Bag

  4. social capital • Putnam, Coleman, Bourdieu • ‘bowling alone’, social transactions costs • who accesses with what results • who owns, protects and excludes • learning • socialization • institutionalization • individuation • social capital as ‘supersession’ of market forces • human capital as what individuals bring to market transactions • interplay of human and social capital • organizational capital = that which firm owns • reciprocal obligations • economic value from tangible resources + human/social capital KM Brown Bag

  5. concept of capital • Fisher’s definition – standing apart • capital versus land or labor • usury laws • reattachment ? • mixing, mobilizing, transforming • capital as ‘possibility’ or ‘potential revenue’ • value contingent • transaction as realization of value • does realization generate or consume value ? • governance • specificity • opportunism KM Brown Bag

  6. firm / organization • nexus - translation of forms of capital through demand into revenue • profit and the replacement of capital • context of transaction governance • KBV – extension to intangible capital • capital as separation, market as exchange, firm as integration • capital as implied source of economic value • ‘not so much the resources (capitals) as the services they produce’ • moving / transforming versus creating - individual versus collective • KBV – creation of capital, allocation KM Brown Bag

  7. re-draw for KBV ? tangible capital and obligations transformation of assets creative responses to K-absences intangible capitals w/o obligations KM Brown Bag

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