Brokerage and Closure by Ronald S Burt

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Summary

Social Capital, the advantage created by location in social structure, is a critical element in business strategy. Who has it, how it works, and how to develop it have become key questions in markets, organizations, and careers. Ronald S. Burt builds on his celebrated work in this area to explore these issues.

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Brokerage and Closure by Ronald S Burt

Almost everything that happens in a firm flows through informal networks builts by advice, coordination, cooperation, friendship, gossip, knowledge, and trust. In this book, Ron Burt builds upon his celebrated work on network analyses to explain how these informal networks functions and the role of network entrepreneurs who have amassed social capital. Burt shows that social capital is a critical element in business strategy. Who has it, how it works and how to develop it have become key questions as markets, organizations and careers become more and more dependent on informal discretionary relationships. Informal relations have always mattered. What is new is the range of activities in which they now matter, and the emerging clarity we have about how they create advantage for certain people at the expense of others. This advantage is created by brokerage and closure. Brokerage is the activity of people who live at the intersecting of social worlds, who can see and develop good ideas. Closure is the tightening of coordination on a closed network of people. Brokerage and Closure explores how these elements work together to define social capital, showing how in the business world reputation has come to replace authority and reward has come to be associated with achieving competitive advantage in a social order of continuous disequilibrium.
Review from previous edition Burt is among the best social network writers in articulating ideas from a research tradition that is notoriously difficult to put into wordsBrokerage and Closure is the next step in research on social capital. * AMR, Management Rreview *
Burt, Ronald S.: - Ronald S. Burt is Professor at the University of Chicago Booth School of Business.
SKU Unavailable
ISBN 13 9780199249152
ISBN 10 0199249156
Title Brokerage and Closure
Author Ronald S Burt
Series Clarendon Lectures In Management Studies
Condition Unavailable
Binding Type Paperback
Publisher Oxford University Press
Year published 2007-09-06
Number of pages 296
Prizes Winner of Shortlisted for the AOM George R Terry Award 2006.
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.