In this webinar David Williams discusses how social capital can be embedded into the value of the firm. 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.

The webinar was held on Friday March 19, 2021 as part of the regular webinar and discussion group sessions held by Social Capital Research & Training [ Ссылка ] as part of the Facebook group [ Ссылка ]

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