Alternative Means for Understanding Capital Transformation
I mentioned in previous posts the increasing value placed on other forms of capital. This is important because businesses do best when multiple forms of capital are leveraged at the right moments and stages of development.
As a reference frame for this research Pierre Bourdieu's forms of capital are incorporated to expand the complexity of the understanding of capital.
For the record per Bourdieu: Economic Capital is immediately and directly convertible into money and may be institutionalized in the form of property rights. Cultural Capital is convertible, on certain conditions, into economic capital and may be institutionalized in the forms of educational qualifications. Symbolic Capital is the resources available to an individual on the basis of honor, prestige or recognition. Social Capital is made up of social obligations (‘connections’), which is convertible, in certain conditions, into economic capital and may be institutionalized in the forms of a title of nobility.
This categorization of capital better approaches the transformations of capital taking place today versus the conventional model of economic and intellectual capital. Through this lens we can better speculate on emerging programmatic needs in the contemporary workplace.
Read more Bourdieu:
Distinction: A Social Critique of the Judgement of Taste