Published on February 21, 2014
Content Part # 1 Digital capital. Part # 2 Physical / manufactured capital. Part # 3 Financial capital. Part # 4 Human capital. Part # 5 Social / cultural capital. Part # 6 Natural capital. Part # 7 Questions to find and improve your key strengths.
Part # 1 Digital capital
Tangible digital assets Servers. Routers. Online-purchasing platforms. Basic Internet software. http://www.mckinsey.com/Insights/High_Tech_Telecoms_Internet/Measuring_the_full_impact_of_digital_capital
Intangible digital assets Designs that engage users. Analytic competencies. Revenue models that monetize digital activity. http://www.mckinsey.com/Insights/High_Tech_Telecoms_Internet/Measuring_the_full_impact_of_digital_capital
Inspiration on technological changes http://www.slideshare.net/frankcalberg/pestel-technological-changes
Part # 2 Physical / manufactured capital
Manufactured capital - examples Buildings. Machines. Tools. Other equipment. Infrastructure, for example roads, ports, and bridges.
Some sources http://www.theiirc.org/wp-content/uploads/2013/03/Business_Model.pdf http://www.projectsigma.co.uk/Guidelines/Principles/Capitals/ManufacturedCapital.asp http://www.ey.com/Publication/vwLUAssets/The_concept_of_capital_in_Integrated_Reporting/$FILE /EY_'Capital'%20in%20Integrated%20Reporting%20April%202013.pdf
Part # 3 Financial capital
Forms of financial capital Equity, i.e. money from owners. Debt, i.e. money from lenders.
Financial capital refers to an individual’s total saved assets, while human capital refers to the individual’s future potential savings from income earned. https://www.cnbank.com/uploadedFiles/Site_Framework/Home_Page/December_2013_-_CIUN_-_Canandaigua.pdf
Actively reallocating corporate resources is important in the best of times, and even more so during economic downturns. There’s something like a 4 percentage-point difference in the average return to shareholders year on year for those who are in the top third of reallocators versus those in the bottom third. http://www.mckinsey.com/insights/strategy/breaking_down_the_barriers_to_corporate_resource_allocation
Although companies' percentage of intangible assets, for example research & development, has increased, accounting rules have not kept pace. http://www.investopedia.com/articles/03/010603.asp#ixzz2Iij3mEe8
Further inspiration https://www.princeton.edu/~achaney/tmve/wiki100k/docs/Financial_capital.html http://ageconsearch.umn.edu/bitstream/122846/2/FM_WP19%20Determinants%20of%20financial%20capital%20use.pdf
Part # 4 Human capital
A Professional competencies
What do you do well? What will you let other people do? Example: http://www.mckinseyquarterly.com/Strategy/Strategic_Thinking/Enduring_Ideas_The_business_system_2379
Intangible assets are estimated to account for up to 80% of the value of large companies today. Thus, people contribute to businesses more than any other factor of production. http://www.linkedin.com/groups/Intangible-Assets-nonmonetary-assets-that-3901119.S.71807779
Human capital is the only company resource that supplies the organization with the ability to create ideas, relationships, knowledge and models. Every other financial, physical and cultural resource depends on the active mental, social and psychological talent necessary to fulfill it. Source Poppler, Paul & Stark, Ernest: Rare and Inimitable: Creating Human Capital Advantage. Chief Learning Officer, May 1, 2010.
Human capital can be increased by investing in education and health care. http://www.economist.com/economics-a-to-z/h#node-21529828
B Knowledge of your values
Questions to discover your values http://www.scribd.com/doc/36200010/Questions-to-discover-your-values
C Knowledge of your personality
Inspiration about personality http://www.scribd.com/doc/34534773/Personality
D Knowledge of your learning style
Inspiration about learning strategies http://www.slideshare.net/frankcalberg/learning-strategies-11478939
E Knowledge of what motivates you
Tips to increase motivation http://www.scribd.com/doc/42321299/Tips-to-Increase-Motivation
F Self confidence
Tips to help you improve your self confidence http://www.scribd.com/doc/35963119/Tips-to-help-improve-your-self-confidence
Part # 5 Social / cultural capital
Aspects of social / cultural capital Shared values and behaviour. Relationships, for example with customers, suppliers, and other business partners. Communities. http://www.ey.com/Publication/vwLUAssets/The_concept_of_capital_in_Integrated_Reporting/$FILE/ EY_'Capital'%20in%20Integrated%20Reporting%20April%202013.pdf
Social capital is generated by the connections in a social network, and the trust, reciprocity, and resource-sharing qualities of those connections. It can be activated by individuals to gain social support or social leverage, or by collectivities to facilitate organization and collective action. Social capital is commonly viewed as a positive resource, but can become negative when used to exclude outsiders. http://cvp.evans.washington.edu/library/definitions
For production workers, productivity is readily measured in terms of units of output; for transaction workers, in operations per hour. But for knowledge workers, what might be thought of as collaboration productivity depends on the quality and quantity of interactions occurring. http://whatmatters.mckinseydigital.com/internet/using-technology-to-improve-workforce-collaboration
Results of a study about entrepreneurs in 2 industries, cosmetics and high-tech, show a relation between social competence and financial success. Source Baron, Robert A., Markman, Gideon D.: “Beyond social capital: The role of entrepreneurs' social competence in their financial success.” Journal of Business Venturing, Januar 2003.
Social capital plays a role by reducing the costs and risks of transactions, increasing the opportunities for trade, and leading to greater economic efficiency. Source Castiglione, Dario & Van Deth, Jan W.: The Handbook of Social Capital, p. 375.
Further inspiration http://www.slideshare.net/frankcalberg/culture-8701195 http://www.slideshare.net/frankcalberg/social-competence http://www.frankcalberg.com/culturechange
Part # 6 Natural capital
Aspects of natural capital Air and water. Land and forests. Materials, minerals, energy. Biodiversity and ecosystem health. http://www.ey.com/Publication/vwLUAssets/The_concept_of_capital_in_Integrated_Reporting/$FILE/ EY_'Capital'%20in%20Integrated%20Reporting%20April%202013.pdf
Environmental changes http://www.slideshare.net/frankcalberg/environmental-changes-28839188
Part # 7 Questions to find and improve your strengths
3 questions to find out why people love what you do Question # 1 Why do customers find what you do great? Question # 2 What can only you do? What is unique about what you do and how you do things? Question # 3 Why would someone invest their money with you?
Ikea’s stylish, utilitarian, and inexpensive furniture combines functional expertise in design, sourcing, manufacturing, pricing, packaging, logistics, the customer experience in retail stores, and cost management; All of these competencies reinforce the others. http://www.strategy-business.com/article/00161?pg=all
With which product / service do you create most value for people? Your answer: _____________________ Description of competencies to create that product / service Competence # 1 Competence # 2
Core competence characteristics Scarce Valuable for people Not easily substituted Transferable Difficult to copy
How difficult would it be for others to copy and/or substitute what you do and have done?
How can you improve your biggest strengths?
http://flowingdata.com/2010/06/18/profitable-sweet-spot-for-startups/ The strategic sweet spot
Internal strengths External opportunities External threats Make the most of these Internal weaknesses
Some sources of inspiration http://www.associatedcontent.com/article/2637139/try_the_exercise_only_we_can_.html?cat=3 http://www.bqf.org.uk/innovation/2013/07/15/quickly-assess-your-strengths-and-weaknesses/ Frey, Bruno S. & Osterloh, Margit: “Successful management by motivation http://hbr.org/2000/03/meeting-the-challenge-of-disruptive-change/ar/1 http://hbr.org/tip?date=012313 http://www.thoughtyoushouldseethis.com/post/15189657543/samuel-palmisanos-guiding-framework-for-ibm
Thank you for your interest. For further inspiration, feel welcome to visit http://frankcalberg.com/ Have a great day.
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