Networks, resources, morality, and norms. These are four key concepts of social network theory. Following are rough-and-ready definitions.
Trust and Ties
Social Capital
Social Capital as Supply Chain Risk Mediator
Social capital theorists such as Baker (1990), Coleman (1990), and Burt (1992), and Putnam (2000) claim that social capital, like physical and human capital, is a resource-generating force that can facilitate a firm's business activities. Furthermore, Yang and Wang (2011) and Wang et al (2014) claim guanxi is the Chinese cultural equivalent of social capital. Nahapiet and Ghoshal (1998) identified three dimensions of social capital: structural, (information and resources) relational, (trust, relationships, and contracts), and cognitive (shared modes of behaviour that encourage cooperation). My research revealed some modest insights into the structural and relational dimensions of social capital, but only alluded to, so did not deeply explore, the cognitive dimension.
...continue readingExpanding Schumpeterian Resource-Centrality (A1)
In contrast to the first generation of Austrian school economists, Schumpeter proffered that the course of the ceaseless evolution that characterizes economic machination is cyclic in nature. In Schumpeter’s view, the cycle is one of creative-destruction resulting primarily from smaller firms acquiring advantage through innovative practices and eclipsing larger firms. The innovator is made entrepreneur by his/her capacity to propel this cycle by generating and/or manipulating the resources that lubricate and fuel ever-renewing industry. And, since it is innovation that underpins industrial power, the entrepreneur is chief actor. On this premise, entrepreneurialism becomes itself an essential – if not the most essential – resource.
...continue reading“Social Capital”: from M*rx to Putnam (A2)
In the influential theorizing of Putnam (2000) and Coleman (1988), the term has undergone elision and is nowadays suggestive more of informal social interconnectedness than the former Marxist definition of social capital as the complement of fiscal capital. The Marxist interpretation is embedded in Marx’s underlying assumptions – that society is stratified according to placement within the productive schema and material dialectics explain the course of human history and the essential nature of human behaviour.
...continue readingTraits of Networks (A3)
The content of the following table derives mostly from the excellent work of Conway and Steward (2009). It defines the six key traits of social networks.
...continue readingThe Different Resources of Bond and Bridge (A4)
Dyson’s Bond and Bridge Networks (A5)
The following diagram is an "egocentric sociogram". It depicts James Dyson's bond and bridge network.
...continue readingPutnam’s Connection Types (A6)
This diagram conveys the binary classification of connection types proposed by Putnam.
Granovetter’s Advantageous Imbalance (A7)
“Brokers” and “Bonds”/“Boundary Spanners” (A8)
The following diagrams depict “Brokers” and “bonds” or “boundary spanners” (Burt 1992).
