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? What is social capital?

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. Let's not waste another minute.if

Trending Sources

Talking with Each Other @ Work

Coaching Tip

Other successful companies build upon social interaction to develop innovative concepts leading to disruptive product and service developments. Find out more about social capital by clicking here. Effective social networks that are built on the "law of reciprocity" flourish.

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.

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.

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. .

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. James M.

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.

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.

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.

Schmooze Like a Pro: 5 Expert Tips on Networking

First Friday Book Synopsis

Here is an article written by Camille Reyes (New York City) for The Glass Hammer, an online community designed for women executives in financial services, law and business. Visit us daily to discover issues that matter, share experiences, and plan networking, your career and your life.” To check out a wealth of other free resources, [.].

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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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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 groups

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.

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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.

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.

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.". Your Social Media Press Kit.

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.

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. It is an attitude of openness and sharing that anyone operating within a social network needs to have anyway.

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.

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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.

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).

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.

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).

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.

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.

First, Know Yourself

Coaching Tip

Your success formula is based on: Your Human Capital (what you know and can do) X Your Social Capital (who you know and who knows you) X Your Reputation (who trusts you). You must know yourself to express yourself.

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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.

Why Innovation is not "Invented Here"

Coaching Tip

Beyond alarming questions of what is "fair" to the innovators themselves, few have considered how these human capital controls might impact the quality and quantity of innovation--and ultimately economic growth. We need diverse social and professional connections to innovate.

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.

Why Self-Awareness Matters

Coaching Tip

The formula for personal 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). " Know Thyself."

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.

Leading HR: Harnessing Social Power

LDRLB

Employees who effectively understand and navigate the social structure of an organization are the most influential employees, for better or for worse, in the organization. Galbraith also wrote that “the long-term human resources role is to build social capital by creating richly connected interpersonal networks across the organization.” This social power is especially important as Millennials continue to infiltrate workplaces.

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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. In short, trust is a form of social capital that enhances performance between individuals, within and among groups, and in larger collectives, like organizations, institutions and nations. Trust is central to human existence.

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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.

Job Hunting Success Tips

Coaching Tip

Considering the expansion of the Internet, powerful search engines, and social media, it should be much easier to match potential employees with employers. Acquaintances, in short, represent a source of social capital, and the more acquaintances you have the more powerful you are. . Newly minted college graduates are looking for work, pounding their keyboards and working their mobile phones. The unemployment rate for graduates ages 21 to 24 averaged 9.4

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Inequality, Values, and Freedom

Execupundit

Fourth, family disintegration cripples the primary transmitter of social capital — the habits, mores, customs and dispositions necessary for seizing opportunities.

How Corporate HQ Can Get More from Innovation Outposts

Harvard Business Review

They received generous expat remuneration packages and the tremendous opportunity to create their own social capital by meeting entrepreneurs and venture capitalists and being exposed to the frontier of ideas and technologies. Unhindered, they quickly amassed valuable social capital through an array of personal and professional relationships, as well as local intelligence and insights.

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Giving Away Trust

Coaching Tip

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 ). Our hyperconnected, hypertransparent world continues to add new dynamics and issues to consider. That is as it should be and certainly how it turned out to be. And undoubtedly how it will continue to be. Trust is a funning thing , one of those soft things that we often rush by.

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Badges? We Don’t Need No LinkedIn Badges

Harvard Business Review

To me this means that he has, in essence, made the calculation that the use of social networks will replace the “badges” that my generation valued to determine reputation. Having spurned Eric Schmidt’s advice from SXSW that everyone should go to college, he has begun to stockpile the social capital that will power the post-industrial revolution. Sam introduced me to a useful way of thinking about these intermediaries, what he called social “hacks.”