February 2006
Beginner
400 pages
10h 54m
English
Content preview from Sumantra Ghoshal on Management: A Force for Good<authorgroup>Janine Nahapiet and Sumantra Ghoshal</authorgroup>Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
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Chapter 10. Social capital, intellectual capital, and the organizational advantage
In this paper, Sumantra and Janine Nahapiet tackle the thorny question: What is it that really makes the economic institution of the firm different from the market? Building on Sumantra’s earlier work with Peter Moran on the nature of the organizational advantage, Sumantra and Janine show how under certain conditions the “social capital” embedded in individual relationships can lead to significant increases in the knowledge base or “intellectual capital” of the firm, in ways that are unlikely to happen in a market-based system of exchange. Or as they say, “organizations build and retain their advantage ...
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I'm always learning. So when I got on to O'Reilly, I was like a kid in a candy store. There are playlists. There are answers. There's on-demand training. It's worth its weight in gold, in terms of what it allows me to do.