Do You Know The Value of Your Social Capital at Work?

Lead Change Blog

The bottom line is, aside from your method of choice, how you say things is as important as what you say, particularly when it comes to building social capital. What is social capital and why is it important? If they scowl at your email, text or call, your social capital is low. What is social capital? A formal definition based on the work of Pierre Bourdieu is: value that can be derived from social participation and cooperation.

Do You Know the Value of Your Social Capital at Work?

ReImagine Work

The bottom line is, aside from your method of choice, how you say things is as important as what you say, particularly when it comes to building social capital. What is social capital and why is it important? If they scowl at your email, text or call, your social capital is low. What is social capital? A formal definition based on the work of Pierre Bourdieu is: value that can be derived from social participation and cooperation.

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Are You The “Go-To Person” for Useful, Valuable Information? – This is Social Capital Worth Building (Insight from Jonah Berger, Contagious)

First Friday Book Synopsis

At work; in your “networking” world; what makes you useful – valuable – to those around you? I presented my synopsis of Contagious by Jonah Berger again yesterday, and this idea from the book just jumped out at me. If you are the “go-to” person for relevant, important, useful information – if you know something […]. Randy''s blog entries

Do you hate networking?

Coaching Tip

Increasing one's social capital is all knowing how to share knowledge so it not only adds value to the organization but also to your recognized worth within it. While all industries are knowledge-based today, personal knowledge and social capital capabilities are critical to professional service firms (such as consulting, investment banking and law) and research-driven firms that depend upon the capabilities of knowledge workers, both individually and working together.

Managing a Successful Career

Coaching Tip

Professor Wayne Baker in his book, "Achieving Success through Social Capital: Tapping Hidden Resources in Your Personal and Business Networks" says, "There is deeply rooted myth in North American culture that shapes our behavior. The formula for success = your human capital (what you know and can do) times your social capital (who you know and who knows you) times your reputation (who trusts you). Let's not waste another minute.if

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How to Compete Like the World’s Most Innovative Leaders

Skip Prichard

Innovation Capital. And one of the most overlooked reasons for entrepreneurial failure is innovation capital. That’s why I enjoyed talking with Jeff Dyer who, along with Nathan Furr and Curtis Lefrandt, wrote a new book, Innovation Capital: How to Compete and Win Like the World’s Innovative Leaders. The dangers of not understanding, or overlooking, innovation capital are illustrated by the battle between two great inventors: Thomas Edison and Nikola Tesla.

Community: Often Overlooked Cause of Good Health

Michael Lee Stallard

As Malcolm wrote: In transplanting the paesani culture of southern Italy to the hills of eastern Pennsylvania the Rosetans had created a powerful, protective social structure capable of insulating them from the pressures of the modern world. connection culture community connection connection cultures malcolm gladwell social capitalA couple years ago I had the good fortune to meet Malcolm Gladwell at a Rotman Business School event and tell him how much I enjoyed his work.

Decision Making Scenarios

Coaching Tip

This ''law of love'' is identified in many different ways--for example, in Wayne Baker''s bestseller, " Achieving Success Through Social Capital " (Jossey-Bass), this law of love in the workplace is described as the "law of reciprocity.". The path to reciprocity is indirect: reciprocity ensues from the social capital built by making contributions to others. Acts of contribution, big and small, build your fund of social capital, creating a vast network of reciprocity.

What Does Your Network Look Like?

Talent Anarchy

Recently, Jason texted me the title of a conference session he was sitting in—Social Capital: Using ONA to Unleash Potential Across an Organization. We have been thinking, talking, and writing about social capital for several years now, and while our message has always been well received on the individual level, it doesn’t yet seem to be catching on at the organizational level. Networking Relationships Social Capital ONA performance SNA

A Stunning, New Leadership Lens

Steve Farber

We’ve been exploring the convergence of three essential qualities: Human Capital–individuals’ attributes, talents, capacities, and contribution. Social Capital–the strength, connection, and relationships between those individuals. business change the world Culture Leadership Productivity Professional Development Webinar alan daly culture human capital leadership neville billimoria people systems research social capital steve farber webinar

Leadership: Collaboration

Coaching Tip

The new currency isn’t intellectual capital. It is social capital –the collective value of who we know and what we’ll do for each other. When social connections are strong and numerous, there is more trust, reciprocity, information flow, collective action, happiness, and, by the way, greater wealth. James M.

Influencers Wanted

Coaching Tip

But the rise of social media has highlighted the importance of networks , and companies are determined to capitalize on the power players lurking in their workforces. Books Business Coaching Communication Memes Self Assessment Self-Awareness Success Women Work life disc friends genes influencers self assessments self awareness self knowledge social capital social networks Making friends at the office has never been more rewarding.

Becoming a Network Linchpin

Coaching Tip

The best leaders build the ‘social capital’ of their organizations,” says Dr. Wayne Baker, author of Achieving Success Through Social Capital (Jossey-Bass, 2000).

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A Generation Gap Warning – I Think Face-To-Face Needs To Be Protected and Preserved, Especially In the Age of Facebook

First Friday Book Synopsis

Don’t let the real water cooler dry up… Standing up and leaning over a cubicle wall to actually talk to co-workers can earn you a lot of social capital. Lancaster Millennials social capital social media The M-factor -- How the Millennial Generation is Rocking the Workplace Trouble in River City water coolerLynne C.

Practicing the Law of Reciprocity

Coaching Tip

The Law of Reciprocity ( www.LawofReciprocity.com ) can work with social networks created among individuals in a group, team or organization by having individuals identify needs or requests and then having others in the organization respond to those needs or requests with resources or contacts. Baker: Achieving Success Through Social Capital: Tapping Hidden Resources in Your Personal and Business Networks. .

Talking with Each Other @ Work

Coaching Tip

For example, Amazon , a company with about $75 billion in annual revenue and a $140 billion market value, relies on metrics like continually rooting out inefficiencies and, with a few well-known peculiarities like "desks with repurposed doors," underights cost effectiveness and abhors “social cohesion." Other successful companies build upon social interaction to develop innovative concepts leading to disruptive product and service developments.

New World Companies: The Future Of Capitalism

Strategy Driven

Throughout the years, I have revised my description of these timeframes in a company’s life to take into account the emergence of what I call social response capitalism. I became increasingly aware of the financial ramifications of social response capitalism while working with new world companies. This is social response capitalism. This involves the assimilation of “social response values” into its products and services.

Work Together or Fail Alone

Coaching Tip

Business Coaching Failure Skills Success Work life building social capital chance encounters innovation laboratory architecture network linchpin scientific research work groupsJonah Lehrer's article, "GroupThink" in The New Yorker , January 30, 2012 states that brainstorming seems like an ideal technique, a feel-good way to boost productivity. But there is a problem with brainstorming. It doesn't work.

Social Capital Is as Important as Financial Capital in Health Care

Harvard Business Review

But effective cooperation, particularly in a setting as complex as health care, requires more than a resolve to play well together; it requires leadership to explicitly recognize the need to build social capital across the organization, and implement a strategy accomplish it. Our full article describing social capital, its roles in health care, and strategies for building it in health care organizations is available here (PDF).

LeadershipNow 140: September 2016 Compilation

Leading Blog

Do You Know The Value of Your Social Capital at Work? Here are a selection of tweets from September 2016 that you might have missed: Criticism, Boundaries and Useful Feedback by @JesseLynStoner. Nobody Rises To Low Expectations by @tnvora. Learn from the Best: Google’s Nine Principles of Innovation via @IXchat. The Ambidextrous Leader by Julian Birkinshaw via @LBS. Want to Be a Good Boss? Start by Understanding Why You Want to Lead via @KelloggSchool.

5 Ways To Instantly Elevate Your Leadership

Joseph Lalonde

Invest in your social capital by connecting more powerfully with others. Social capital is one of the most valuable assets that can be possessed by leaders and organizations. Strong social capital will benefit the leader in that through the information shared, he/she can easily identify and react to threats and opportunities, creating cohesive teams and facilitate change.

How To Introduce People: Two Rules For Better Networking

LDRLB

Intro-bombing people by randomly showing up in their email inbox with a list of new people to talk to isn’t only inappropriate, but it will likely reduce the amount of social capital you’ve build with that person and that community. Likewise, if there is a difference in status or power between the two people, make sure you’re aware that you are spending some of your social capital to make the introduction, and don’t make it unless you know there will be a return on that investment.

The Law of Reciprocity

Coaching Tip

This ''law of love'' is identified in many different ways--for example, in Wayne Baker''s bestseller, " Achieving Success Through Social Capital " , this law of love in the workplace is described as the "law of reciprocity.". The path to reciprocity is indirect: reciprocity ensues from the social capital built by making contributions to others. Acts of contribution, big and small, build your fund of social capital, creating a vast network of reciprocity.

Your Social Media Press Kit

Coaching Tip

Since social media is becoming such an important tool for business, it is important that your business create a clear market presence message for those who want what you provide. Social media is also important for finding a new job or letting others know about your career strategy. One way to build your market presence is to provide your target audience with a copy of your social media press kit.

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Shaking up Yahoo is an effective change management strategy.

Coaching Tip

Increasing one's social capital is all knowing how to share knowledge so it not only adds value to the organization but also to your recognized worth within it. Success = Human Capital (what you know and can do) X Social Capital (who you know and who knows you) X Reputation (who trusts you). Yahoo—that has struggled to come up with new ideas—is making a smart call. Most studies of telecommuting focus on how working from home affects employees.

Build a Simple System to Achieve Success

Coaching Tip

By being selective as to who we let into our social networks, we retain the ability of instantly collaborating with many people across time zones and borders. Effective social networks that are built on the "law of reciprocity" flourish. This 'law of love' is identified in many different ways--for example, in Wayne Baker's business bestseller, " Achieving Success Through Social Capital " (Jossey-Bass), this law of love in the workplace is described as the "law of reciprocity.".

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4 Ways to a Better Bottom Line

Lead Change Blog

The GMI measures Intellectual, Psychological and Social Capital to reveal both strengths and areas for development. The face of business has changed. You may have employees working globally, doing business with people from other regions or countries, or you might be relocating executives across cultures. The fact is, global business is the new norm. And the ability for individuals to work effectively together across borders and time zones has become critical to business success.

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Givers give without expectation of immediate return.

Coaching Tip

This 'law of love' is identified in many different ways--for example, in Wayne Baker's bestseller, " Achieving Success Through Social Capital " (Jossey-Bass), this law of love in the workplace is described as the "law of reciprocity.". The path to reciprocity is indirect: reciprocity ensues from the social capital built by making contributions to others. Acts of contribution, big and small, build your fund of social capital, creating a vast network of reciprocity.

Elizabeth Pieters accepted into Forbes Human Resources Council

N2Growth Blog

Our mission with Forbes Councils is to curate successful professionals from every industry, creating a vetted, social capital-driven network that helps every member make an even greater impact on the business world.”. Forbes Human Resources Council is an Invitation-Only Community for HR Executives Across All Industries. Philadelphia, PA October 17, 2017 — Elizabeth Pieters, Chief People Officer at N2Growth Inc.,

Building Relationships Across Cultures In Today’s World

Tanveer Naseer

Our web of relations creates the foundation for our lives as social creatures, no matter what culture we come from. In many parts of China –– the art of networking in business revolves around a system of building social capital known as guanxi (gwan-shee). Similar systems exist in countries throughout Latin America like Chile, Colombia, and Mexico where they may call this kind of social capital “Palanca.” The following is a guest piece by Michael Landers.

The 5 Smartest Strategies to Build Influence in the Workplace

Career Advancement

Successful influencers cultivate alliances with people across the company who are in positions of leadership or who have strong social capital. “Leadership is intentional influence.” Michael McKinney~. Client Brianna asks: People often talk about the importance of influencing internal and external stakeholders. What makes a successful influencer, in your eyes? Coach Joel answers: Successful influencers do these five things better than anyone else.

Job Search and Person-to-Person Networking

Coaching Tip

But online social networking may not always be separate from traditional networking since one so often leads to the other. The formula for success = your human capital (what you know and can do) times your social capital (who you know and who knows you) times your reputation (who trusts you). Baker: Achieving Success Through Social Capital: Tapping Hidden Resources in Your Personal and Business Networks.

Saving Face – How to Preserve Dignity and Build Trust

Leading with Trust

She emphasizes that face is a form of social currency. The more face you have, the easier it is to accomplish things at work, the smoother your relationships, and the more social capital you have at your disposal. Everyone wants to be respected and valued. As long as you have a heartbeat and breath in your lungs, you will have the desire to be appreciated, honored, and trusted in your relationships with others. We all want to “save face.”

March 2020 Leadership Development Carnival

Lead Change Blog

Jim Taggart of Changing Winds shared Build Your Organization’s Social Capital by Keeping Good Company. Welcome to the March 2020 Leadership Development Carnival! We’re excited to share posts from leadership experts from around the globe on the topics of communication, development, engagement, motivation, productivity, team building, and more. Communication. Beverly Crowell of Designed Learning shared Developing Flawless Clients.

What do Blue Lobsters Have to do With Innovation? Everything!

Mills Scofield

The CEO either has to be or love Blue Lobsters, to be willing to invest not just money, but diligently invest his/her personal time, effort and social capital, finding and developing Blue Lobsters as well as assuring the culture will accept them. Blue Lobster at the South Bristol Coop , 2004. What’s with blue lobsters? Well, a blue lobster is rare, about 1 in 2 million , and very beautiful.

The Serendipity Machine

Mills Scofield

” By opening its lounge to the growing network of independent professionals, Seats2meet.com began to build an interface between its business and the wealth of social networks. So Seats2meet.com invented a currency for nonmonetary, nontransactional exchange, aptly calling it social capital. It is an attitude of openness and sharing that anyone operating within a social network needs to have anyway. Serendipity is fed by the constant exchange of social capital.

Well Connected People Get Results

Coaching Tip

Formula for Success: The formula for both personal and corporate success = your human capital (what you know and can do) times your social capital (who you know and who knows you) times your reputation (who trusts you). Use social channels to find out what''s going on with them. Baker: Achieving Success Through Social Capital: Tapping Hidden Resources in Your Personal and Business Networks. .

All Work in Done Through Relationships

Coaching Tip

Positive social relationships — the uplifting connections associated with individuals’ interpersonal interactions— have beneficial effects on a variety of aspects of human behavior and health. Increases in oxytocin cause people to seek social contact with others (Taylor, 2002), so that a virtuous cycle of positive social interactions is created. Baker: Achieving Success Through Social Capital: Tapping Hidden Resources in Your Personal and Business Networks. .

Is there a code to attraction?

Coaching Tip

This 'law of love' is identified in many different ways--for example, in Wayne Baker's bestseller, " Achieving Success Through Social Capital " (Jossey-Bass), this law of love in the workplace is described as the "law of reciprocity.". The path to reciprocity is indirect: reciprocity ensues from the social capital built by making contributions to others. Acts of contribution, big and small, build your fund of social capital, creating a vast network of reciprocity.

Mentoring Still Not Happening for Women in the Workplace

Great Leadership By Dan

Since women often have difficulty building social capital at work, mentoring is even more critical to their success.

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During this Crisis, Don’t Expect Business as Usual from the Family Enterprise

Strategy Driven

The family can also discuss its underlying values and how, especially in this time of social hardship, how to look beyond their own self-interest and use their wealth to help others. The response must recognize financial reality, but also sustain social capital by respecting all stakeholders.

Real Dysfunction Today, Hidden in Plain Sight

Michael Lee Stallard

We are sorely deficient of what I refer to as connection (also known as community, social capital, belonging or meaningful relationships).

Use Your Super Powers For Good Not Evil

Management Craft

As leaders, sometimes we should spend a little social capital and roll the dice on a promising potential - cautious smautious. Have you ever had to deal with someone who abused their power/authority and made everyone miserable? Of course you have! That's why I found Sharlyn Lauby's post about the two types of power (bestowed and earned) that everyone has so interesting. Earned power comes from who we are and what we know.

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