2017-11-16

  • with ordinary capital (money) reproduction on an enlarged or expanded scale.

    • Doing business and making money = getting money.
    • Invest that money in expanding your business.
    • More money available.
  • Image of investing in factory machinery

    • knowledge capital Expansion and reproduction in

    • Doing business and making money = getting money.

    • Invest that money in knowledge acquisition.

    • Based on that knowledge, you get a lot more knowledge.

    • You get more money for your knowledge.

    • SOC in extended reproduction

    • Doing business and making money = getting money.

    • Invest that money in social capital (internal and external contacts, good corporate culture, etc.)

    • Based on that social capital, more social capital and knowledge is available.

    • More money is available through social capital and knowledge.

What is personal connections, a type of social capital?

  • It’s not “I know.”

    • I know about Mr. XXX - so what is it?”
  • Rather, it is “known.”

    • And of course, “known in a good way.”
      • May be read as “there is trust
    • You can influence their behavior.”
      • Specifically, for example, they can accept “Would you like to have a lunch meeting?
        • Holding a busy manager for an hour is a pretty high hurdle.
      • It’s not the same as running it on an order based on employment.
        • It’s influencing their behavior with a “salary” monetary compensation.
        • Management of relationships with people who are generally not in a hierarchical or employment relationship.
  • Communities where the appeal of acquaintance is valuable. Interesting perspective on the growth of social capital.

  • Financial capital does not grow on its own.

  • Financial capital grows in ways such as owning equity in a growing business

  • Knowledge capital does not grow on its own.

  • Knowledge capital grows by exchanging it with people who have a lot of different knowledge capital from you.

  • Social capital grows on its own.

  • Because we are essentially growing “human beings”.

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2024-01-29

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