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Social Capital Is as Important as Financial Capital in Health Care

Harvard Business Review

That’s changing fast, of course, as providers are finding that cooperation is as critical to caregiving as cutting edge tests and therapeutics. Our full article describing social capital, its roles in health care, and strategies for building it in health care organizations is available here (PDF).

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High-Trust Teams

Coaching Tip

Like all social animals, human beings have an instinctive need to cooperate and rely on each other to satisfy their most basic emotional, psychological, and material needs. The powerful effect of trust is that it enables cooperative behavior without costly and cumbersome monitoring and contracting. .

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Accountants Will Save the World

Harvard Business Review

We were building social capital, but we didn't have a way to tell our shareholders — or be held accountable to keep doing it. Make no mistake, I am a capitalist: Someone who puts capital to work, and wants something back. There is no doubt we benefited from this. But we weren't capturing any of it in our financial reports.

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People Are Angry About Globalization. Here’s What to Do About It.

Harvard Business Review

Economists, policy makers, executives, educators, the press, and others must become more adept at anger management. Why does all this matter for the purposes of anger management? executives feel that they do not generally seem to have the kind of social capital that would cushion against a big sociopolitical backlash.

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How to Negotiate After a Staggering Defeat: A Playbook for Democrats

Harvard Business Review

The Republicans made clear that they did not want a seat at the table: They would succeed in scuttling the entire effort or, if Democrats managed to pass health care legislation, they would have their battle cry for future elections. Democrats should not take that approach.