Brokerage and Closure
An Introduction to Social Capital
Series: Clarendon Lectures in Management Studies;
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Product details:
- Publisher OUP Oxford
- Date of Publication 6 September 2007
- ISBN 9780199249152
- Binding Paperback
- No. of pages296 pages
- Size 230x160x15 mm
- Weight 452 g
- Language English
- Illustrations Numerous figures and tables 0
Categories
Short description:
Social Capital, the advantage created by location in social structure, is a critical element in business strategy. Who has it, how it works, and how to develop it have become key questions in markets, organizations, and careers. Ronald S. Burt builds on his celebrated work in this area to explore these issues.
MoreLong description:
Social Capital, the advantage created by location in social structure, is a critical element in business strategy. Who has it, how it works, and how to develop it have become key questions as markets, organizations, and careers become more and more dependent on informal, discretionary relationships. The formal organization deals with accountability; Everything else flows through the informal: advice, coordination, cooperation friendship, gossip, knowledge, trust.
Informal relations have always been with us, they have always mattered. What is new is the range of activities in which they now matter, and the emerging clarity we have about how they create advantage for certain people at the expense of others. This is done by brokerage and closure.
Ronald S. Burt builds upon his celebrated work in this area to explore the nature of brokerage and closure. Brokerage is the activity of people who live at the intersection of social worlds, who have a vision advantage of seeing and developing good ideas, an advantage which can be seen in their compensation, recognition, and the responsibility they're entrusted with in comparison to their peers. Closure is the tightening of coordination in a closed network of people, and people who do this do well as a complement to brokers because of the trust and alignment they create. Brokerage and Closure explores how these elements work together to define social capital, showing how in the business world reputation has come to replace authority, pursued opportunity assignment, and reward has come to be associated with achieving competitive advantage in a social order of continuous disequilibrium.
Review from previous edition Burt is among the best social network writers in articulating ideas from a research tradition that is notoriously difficult to put into words. Brokerage and Closure is the next step in research on social capital.
Table of Contents:
Introduction
The Social Capital of Structural Holes
Creativity and Learning
Closure, Trust, and Reputation
Closure, Echo, and Rigidity
Images of Equilibrium
