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Embedding Social Capital into the Value of the Firm
March 19, 2021 @ 6:00 am - 7:30 am UTC+0Free
This week David Williams will give a presentation: “Embedding Social Capital into the Value of the Firm” followed by a discussion.
Traditional applications for Social Capital focus on individuals, neighbourhoods, communities, regions and markets with limited research into the value of social capital in organisations. Intellectual capital models tend to have an incomplete and biased view of assets within the firm. Traditional accounting standards and practices focus on the tangible and financial assets and only consider a segment of intangible assets, ignoring the value of social capital. This presentation builds on the modelling of intellectual capital in organizations from the literature and uses Popper’s 3 World theory to develop a more practical ontology. This model identifies and values a comprehensive classification of a firm’s capital and includes both tangible and intangible assets. The resulting integrated model comprises the five asset classes of physical, financial, structural, human and social capital. The result validates the work by Adler & Kwon (2002) but offers an alternate sub-structure for social capital that is a more pragmatic model for industry. A hypothesis is developed that organizations that better understand the range of assets in the firm and invest in a portfolio of integrated management practices to manage that capital, should remain viable.
David Williams is a multipotentialite with a background in project management in the construction and defence industries. He is currently the Manager for Technology Coordination & Collaboration within an Australian Government agency and a SCUBA diving instructor. David has a Diploma in Engineering, a Master’s degree in Project Management and is currently pursuing a PhD in sociology. David lectures at the ANU in Project Management and is the 2019 ACT Australian of Year – Local Hero.
This event is part of our regular presentation and discussion session for researchers including PhD/master students.
These sessions are a supportive way to connect with people. You can ask questions, get advice, discuss ideas or issues, get suggestions for literature to read, or you can just listen.
Do you want to present your research? Giving a short presentation to the group can be great practice for confirmation, thesis defense, or rehearsal for conference presentations. It can really help to formulate your ideas, get feedback on your research, and discuss your project.
Presentations can be helpful at various stages of your research program. In the early stages it can be helpful to get feedback from the group to help formulate your research, and later in your research to make sense of the data and practice presenting your final results.
Would you like to make a presentation to the group? Click here for more information and to submit a proposal.
Generally, presentations are 15 min (or shorter). The content of your presentation will depend on your research stage.