Introducing Social Capital Value Add: Manifesto for New Social Network Structural Management of Corporate Value [Social Capital Value Add: The Wizard of Oz is a Carny, Follow the Yellow Brick Road Manifesto for New Social Network Structural Management of Corporate Value]
Within the field of social capital study, concerns have been expressed that deviations from a fundamental understanding that social capital is captured from embedded resources in social networks may reduce the intellectual enterprise to a catch all fad (Lin, Cook, Burt, 1999). This paper is an argument that sometime in 2004, when broadband internet connections became more prevalent than those of less capacity, individuals became empowered as our most intense form of media. Scaled up effects of the Individual as Medium including: • increased information flow, • exertion of influence, • expansion of social credentials and reinforcement of identity and recognition, are consistent with a network theory of social capital. Corporations are exposed to new risks and opportunities due to these scaled up forms of social capital and they require new methods to manage them. Social Capital Value Add is introduced as such a new method, designed to link the pioneering intellectual enterprise of social capital to value based management and the priorities of marketers. A plausible SCVA valuation method is proposed to demonstrate how these links may be articulated in a way that is meaningful for investors and corporate managers.
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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number
8641.
Find related papers by JEL classification: M1 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration Z13 - Other Special Topics - - Cultural Economics - - - Social Norms and Social Capital; Social Networks Economic Anthropology G3 - Financial Economics - - Corporate Finance and Governance
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