ENT 3003 Lecture Notes - Lecture 8: Human Capital, Social Capital, Risk Management
4 Mar 2019
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2 (reflect on feedback and improve: create your own avatar (descriptions and visual image) If you observe culture, can you identify which part of it leads to sustainable advantage: the organizational sage (clark, 1970, hard to implement culture change (smircich, 1983, non-substitutable, there may be alternatives; alternative resources; but also alternative cultures. Social capital: columbus" story: did any of this human capital make columbus special, he knew the world was round, he found the shortcut to asia, he was an amazing navigator, fine. Columbus didn"t have human capital that was super valuable, rare, inimitable, or non-substitutable: social capital (how did he get it?, who you know is critical. No- a form of domination: social relations. Information: weak ties better than strong, find structural holes, develop centrality. Influence: solidarity, risks, takes time to build, power vs. information tradeoff. Solidarity can backfire: either/or, strong ties, when trust and cooperation are important, strong ties are the best to use, knowledge is tacit.
