The Value of “We”
- 5.1k Downloads
Particularly in times of crisis, economic downturn, and increasing uncertainty, relational capital becomes of vital importance for large firms. Defined as collective goal orientation and shared trust, it is the basic foundation for creating value across units by leveraging know-how, promoting product innovations, and ultimately realizing efficiency synergies. In times of economic downturn, firms often resort to personnel reductions, restructuring, the integration of units, off-shoring, as well as outsourcing to optimize their cost base. What is disregarded, however, is that such measures have a substantial impact on relational capital. In fact, they often destroy it. Particularly in times of crisis, firms are well-advised to consider how their strategic decisions impact the firm’s relational capital and to make efforts to systematically (re-)build and maintain it.
Unable to display preview. Download preview PDF.
- Adler PS, Kwon SW. 2002. Social Capital: Prospects for a New Concept. Academy of Management Review, 27(1): 17–40.Google Scholar
- Boston Consulting Group, I. 2012. Organizational Capabilities Matter, Organization of the Future – Designed to Win. www.bcgperspectives.com.
- Burgelman RA, Doz YL. 2001. The Power of Strategic Integration. MIT Sloan Management Review, 42(3): 28–38.Google Scholar
- Campbell A, Kunisch S, Müller-Stewens, G. 2012. Are CEOs Getting the Best From Corporate Functions? MIT Sloan Management Review; 53(3): 12–14.Google Scholar
- Das TK, Teng BS. 1998. Between Trust and Control: Developing Confidence in Partner Cooperation in Alliances. The Academy of Management Review; 23(3): 491–512.Google Scholar
- Dobbs RF, Karakolev T, Malige F. 2002. Learning to love recessions. McKinsey Quarterly, Special Edition: Risk and Resilience: 6–9.Google Scholar
- Ghoshal S, Bartlett CA. 1996. Rebuilding Behavioral Context: A Blueprint for Corporate Renewal. Sloan Management Review; 37(2): 23.Google Scholar
- Howaldt J. 2011. Innovationsmanagement 2.0 handlungsorientierte Einführung und praxisbasierte Impulse. 1. Aufl., Wiesbaden: Gabler Verlag.Google Scholar
- Huxham C. 1996. Creating Collaborative Advantage. London: Sage Publications.Google Scholar
- Jones GR, George JM. 1998. The Experience and Evolution of Trust: Implication for Cooperation and Teamwork. Academy of Management Review; 23(3): 531–546.Google Scholar
- Leana CR20, Van Buren HJ. 1999. Organizational Social Capital and Employment Practices. Academy of Management Review; 24(3): 538–555.Google Scholar
- Lewicki RJ, Bunker BB. 1996. Developing and Maintaining Trust in Working Relationships. In: Kramer RM, and Tyler TR (eds). Trust in Organizations. Thousand Oaks: Sage Publications.Google Scholar
- Nahapiet J, Ghoshal S. 1998. Social Capital, Intellectual Capital, and the Organizational Advantage. Academy of Management Review; 23(2): 242–266.Google Scholar
- Rifkin J. 2004. The European Dream: How Europe’s Vision of the Future Is Quietly Eclipsing the American Dream. Wiley.Google Scholar
- Weiss V, Udris I. 2001. Downsizing und Survivors. Stand der Forschung zum Leben und Überleben in schlanken und fusionierten Organisationen. Arbeit; 10(2): 103–121.Google Scholar