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The editors of this collection define relational wealth as resources created for a firm through its internal relations among and with employees, as well as its external alliances and reputation. Relational wealth is an intangible asset that successful firms optimize and leverage. There are several aspects of relational wealth that are the levers for managing the level of wealth for a firm: trust, knowing who knows what, reputation, and infrastructure. Relational wealth is not the same thing as human capital--the knowledge, skills, and abilities that employees possess. Rather it derives from the ability of the firm and its employees to access that knowledge, including how well they work together as a team.
This book investigates how organizations can cultivate and leverage relational wealth as a critical, intangible asset to maintain stability and competitive advantage in a volatile economic landscape. Carrie R. Leana and Denise M. Rousseau, both distinguished scholars in organizational behavior, synthesize research to distinguish relational wealth from traditional human capital. They argue that while individual skills are necessary, the true value of a firm lies in the structural and social connections that allow those skills to be accessed and deployed effectively.
What You Will Find
Experts in organizational theory recognize this work as a foundational text for understanding the social architecture of firms. Readers frequently note the academic density of the prose, which provides a rigorous, evidence-based approach to management strategy.
Page Count:
320
Publication Date:
2000-08-24
Publisher:
Oxford University Press
ISBN-10:
0195134478
ISBN-13:
9780195134476
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