January 16, 2018, 03:08:52 PM

Author Topic: Episode-114- Eight Forms of Capital Part 3 of 8 - Social Capital  (Read 1888 times)

jackspirko

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The podcast episode for this post is at http://bit.ly/JDvkh6

Today we continue an 8 part series on applying permaculture principals to your business based on the article 8 Forms of Capital by Appleseed Permaculture.

In part three we discuss the concept of Spiritual Capital, from the article at Appleseed Permaculture,

Influence and connections are social capital. A person or entity who has ‘good social capital’ can ask favors, influence decisions, and communicate efficiently. Social capital is of primary importance in politics, business, and community organizing.

Jason Eaton of Social Thread LLC explained to me that Capital can be in the form of equity or debt. In social capital, a person can ‘owe’ favors or decision-making influence to another person or entity.

In our businesses we can look at social capital in a variety of ways,

1.  The concept of “goodwill” as a balance sheet asset
2.  The influence of the “companies social media presence”
3.  The influence of “key employee or ownerships social media presence”
4.  The value of strategic partnerships and professional relationships

Join me today as we take these concepts and examine them at a deeper level.

Heidi

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Re: Episode-114- Eight Forms of Capital Part 3 of 8 - Social Capital
« Reply #1 on: May 19, 2012, 11:24:15 PM »
Thinking how these build on each other and hard to separate from each other as each effects the others .  I know a bright open source programmer.  He freely shares much code with other programmers on GitHub. He'd stay up late working on a solution because someone needed it, while struggling to support his family while finishing his masters.  No he was not an employee of that company, nor was he doing contract work for them.  They were using his code, freely shared, to create stuff, and he didn't want them waiting on him.  He has much intellectual property he created sitting on GitHub, freely shared, which built good karma among the programming community. 

This in turn created social capital for him quickly as he joined twitter.  He was looking for a summer job and asked who was hiring.  He had at least a dozen tech companies contact him within 24 hours.  Start up companies started to call him, asking for advice, pros and cons of using various frameworks.  At this time he decided not to finish his masters, as the stuff he was creating wasn't taught in any university, and people were asking him to write books, he became a favorite speaker in his niche.

This past week he decided it would be cool if his little sisters knew enough programming to get summer internships. It would teach them a valuable skill, and earn money, esp the one going to architectural school on a partial scholarship next year, so she could make enough $ to not need a student loan.  So he tweeted once, who could use bright high school students as summer interns, that they didn't know how to program yet, but were willing to learn.  2 companies contacted him right away. The girls are getting a few of their friends involved. He'll be teaching them stuff not taught in colleges yet, but in great demand, paying well, shortage of people with that particular knowledge.

Not all of the 8 are such that you can freely share and have just as much or more of that one form of capital when you started.  I mean if you have 10 acres of land and give away 4, you only have 6.  These first 3 intellectual, spiritual, social, the more you share, the more you have.