Human Capital And Social Capital

Improved Essays
Human Capital and Social Capital

Two areas of improvement for my employer include the company’s investment in both human capital and social capital. Investments should be made in both human capital and social capital “with the intentions of reaping future returns or benefits” for both the individual and the organization (Kinicki & Fugate, 2016, p. 9). According to an article written by Arena and Uhl-Bien, many organizations are shifting from focusing on human capital to social capital (2016). Though the two concepts differ, they are both important to the success of an organization. Let us first dive into social capital. Kinicki & Fugate note “social capital is the productive potential resulting from relationships, goodwill, trust, and cooperative effort” (2016, p 10). Arena & Uhl-Bien add that “social capital refers to the competitive advantage that is created based on the way an individual is connected to others” (2016, p. 22). In essence, the theme of social capital revolves around relationships and interpersonal communication from which numerous benefits arise. Some positive by-products of
…show more content…
People & Strategy, 39(2), 22-27. Fischer, K. (2009). Lesson 1 – Individual behavior in the organization [PowerPoint slides]. Retrieved from https://learn.liberty.edu/bbcswebdav/pid-16408736-dt-content- rid-144071393_1/courses/BMAL500_D04_201720/BUSI500_LUO_8WK_DEV_
ImportedContent_20110311033412%281%29/BUSI500_LUO_8WK_MASTER_Importe
dContent_20110218040324/Course%20Content/Module/Week%202%20%E2%80%94%
20Attitudes%2C%20Values%2C%20and%20Job%20Satisfaction/Reading%20%26%20S
tudy/Lesson%202%20presentation/2-Individual_Behavior_%20in_the_Organization/ index.html Kinicki, A. & Fugate, M. (2016) Organizational behavior: A practical, problem-solving approach. New York, NY: McGraw-Hill Education.
McGraw-Hill Irwan. (n.d.). The ‘Google’ Life. [Video]. Available from

Related Documents

  • Improved Essays

    In the following analysis of two journals by Robert Putnam and Thomas H. Sander, the changing pattern of social connectedness will be explained in two distinct, yet similar ideas, which combine to strengthen the alleged factors responsible for the phenomena. Both pieces of work acknowledge the eroding of Social Capital, and although they approach it from different spectrums, agree that there has been a decline in civic engagement. In Robert Putnam’s, Bowling Alone: America's Declining Social Capital, the author commences his argument for understanding society by introducing an important concept to his reasoning: “…quality of public life and the performance of social institutions (and not only in America) are indeed powerfully influenced by norms and networks of civic engagement.” (Putnam).…

    • 1057 Words
    • 5 Pages
    Improved Essays
  • Great Essays

    Lillian Mannino Summary

    • 982 Words
    • 4 Pages

    Lillian Mannino is a Human Resource Manager at UC San Diego Graduate School of International Relations and Pacific Studies. Throughout her ten-year career in HR, she has experienced various changes in employee relations and data processing. As a HR manager, her objective is to maximize the strategic use of human resources. She handles recruiting and staffing, employee relations, policy development, and compensation and benefit administration. In the evolving work force, the Internet has shaped worker responsibilities through technology advancement and management.…

    • 982 Words
    • 4 Pages
    Great Essays
  • Improved Essays

    Interpersonal social relations in biological processes. This relationship will affect the people's minds, but also the formation of human psychology great distance. People are social animals, everyone has its own unique ideas, values, background, character, attitude and behavior patterns, but it has a great influence on everyone's emotions, the relationship between work and life, and even the organization the organization, communication relations atmosphere, organizational efficiency and a human and organizations, all have a great impact. Interpersonal awareness to everyone, because this is to attract or reject production relations, cooperation or competition, leadership or obedience. (Woo, 2011) .The…

    • 921 Words
    • 4 Pages
    Improved Essays
  • Superior Essays

    Declining Social Capital

    • 1332 Words
    • 6 Pages

    Robert D. Putnam establishes social capital as the trivial umbrella that encompasses norms, trust, network, reciprocity, collectiveness, collaboration and interconnectivity. All of these individual components combined are remarkably important for the solidification of democracy. The presence of a concrete social capital indicates that coordination and cooperation for a mutual advantage is conducted (Putnam 384). However, in his article “Bowling Alone:America’s Declining Social Capital,” Putnam presents numerous evidence (empirical survey datas) from the field of politics, sports and various associational organizational sphere which demonstrate the drastic shrinkage that social capital in America has experienced throughout the past decades.…

    • 1332 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    Bourdieu described three types of capital that place a person in a certain social category: economic capital; social capital; and cultural capital. Economic capital includes economic resources such as cash, credit, and other material assets. Social capital includes resources one achieves based on group membership, networks of influence, relationships and support from other people. Cultural capital is any advantage a person has that gives them a higher status in society, such as education, skills, or any other form of knowledge. Usually, people with all three types of…

    • 838 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    Social capital is divided into 3 bases: the interconnection of network of relationships between individuals…

    • 986 Words
    • 4 Pages
    Improved Essays
  • Improved Essays

    The article Tuning In, Tuning out, by Robert D. Putnam is about the “strange disappearance of social capital in america.” In his studies Putnam watched the “performance of government and other social institutions, which are powerfully influenced by citizen engagement in community affairs, social capital;” He applies that idea to the American life. Social capital which is “features of social life, networks, norms, and trust, that enables participants to act together more effectively to pursue shared objectives.” There is also a shared notion that relates to social capital which is “the more you connect with people the more you trust them.” The diminishing of social capital in America can be for many reasons, suburbanization, changes in economy, economic hard times, and education.…

    • 577 Words
    • 3 Pages
    Improved Essays
  • Great Essays

    & Garfield, 2008, p. 1). Human capital can be defined as all of the skills and knowledge learned and developed throughout one’s life. These skills and abilities allow you to earn a living and live your life. The social and economic development of the US has been greatly affected by an increase in human capital.…

    • 1207 Words
    • 5 Pages
    Great Essays
  • Improved Essays

    In social systems, the amount of centrality (how well the node interconnects people in different parts of the networks) can be more powerful than the degree (again, the number of ties). Page 202 In Anthony Rheingold’s “Net Smart: How to Thrive Online”, Rheingold goes over the significance of using social networks effectively to make us smarter people. She advocates the online use of social media in a way to build a social network of a variety of skilled people to help develop our capabilities. Rheingold argues that mass collaboration has change progressively as from letters to an online network that influenced how we will use the internet.…

    • 460 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    Whole Foods builds human and social capital through innovation, high quality, and outstanding customer service. Human capital is defined as the potential of an individual’s knowledge and actions (Kanicki & Kreitz, 2010). Recruiting the right people and ensuring that employee are properly trained is a long term investment. Training is a systematic process that leads to creativity, innovation, loyalty, teamwork, communication, problem solving, and maximizing interaction between people (Wang, Jaw, & Tsai, 2012). Whole Foods practices servant leadership therefore leaders are gauged by success of their subordinates and organization (Kanicki & Kreitz).…

    • 339 Words
    • 2 Pages
    Improved Essays
  • Improved Essays

    When looking for a job it is important to locate businesses that provide strong opportunities to potential employers. There are many potential employers that would result in excellent career opportunities. When seeking a job in management, the type of benefits received and how competitive the salary is will be important considerations but so is the culture of the company. Three potential future employers are Target, Honda, and Google. Each of these employers is successful in the United States and could potentially offer an employee great career opportunity and growth.…

    • 768 Words
    • 4 Pages
    Improved Essays
  • Great Essays

    Intellectual assets are important drivers of wealth creation and competitive advantages. Boeing’s human and social capital, technology, and intellectual property rights all contribute to value of the company. Human capital is the foundation of intellectual capital at any firm. Boeing’s employees make the company possible. Employees are hired for their specific set of skills that will allow them to excel in a certain position.…

    • 996 Words
    • 4 Pages
    Great Essays
  • Improved Essays

    Social capital in this context is defined by Guagnano as “institutions, relationships, the attitudes and values that coincide with interactions among people and contribute to economic and social development”(Guagnano et al. 2016: 883). This implies social capital is the network of relationships in which people use to navigate society which emphasizes trust and cooperation. This has many implications of contributing to the outcomes of social and economic development. There is a clear connection to use social capital as a tool to create community agency in mitigating and combating social…

    • 1247 Words
    • 5 Pages
    Improved Essays
  • Superior Essays

    Objectives Of Tesla Motors

    • 1360 Words
    • 6 Pages

    Conflicts will inevitably be met during the process of meeting all needs in the triple bottom line as they are difficult to achieve simultaneously. The measurement or the degree a business is able to achieve their economic, social and environmental responsibilities is referred to the phrase created by John Elkington’s, ‘Triple Bottom Line’. The concept involves the measurement of a business’s profitability, the degree of society’s satisfaction and the extent of a business’s environmental responsibility. However achieving all these responsibilities simultaneously is practically impossible, however Tesla Motors shows possible strategies. Tesla Motors is an American automotive and energy storage company who sell residential batteries and fully…

    • 1360 Words
    • 6 Pages
    Superior Essays
  • Improved Essays

    SYNOPSIS OF HUMAN RESOURCE MANAGEMENT PRACTICES IN RELIANCE ORGANIZED RETAIL STORES - WITH REFERENCE TO BANGALORE CITY INTRODUCTION Human Resource Management (HRM) is the organizational function that deals with issues relating to people such as compensation, hiring, performance management, safety, benefits, employees’ motivation, communication, administration and training. HRM is a strategic and comprehensive approach of managing people at workplace. Its role in the company’s success is growing rapidly with the growth in many sectors in the present globalized era. The HRM practices are crucial in designing the structure for manpower staffing, performance appraisal, compensation and training and development. Innovative HRM practices can play…

    • 1046 Words
    • 5 Pages
    Improved Essays