Brokerage and Closure: An Introduction to Social Capital by Ronald S. Burt (Engl

Description: Brokerage and Closure by Ronald S. Burt Explores the nature of brokerage and closure. Closure is the tightening of coordination in a network of people. This book explores how these elements work together to define social capital, showing how in the business world reputation has come to replace authority, pursued opportunity assignment. FORMAT Hardcover LANGUAGE English CONDITION Brand New Publisher Description 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 as markets, organizations, and careers become more and more dependent on informal, discretionary relationships. The formal organization deals with accountability; Everything else flows through the informal: advice, coordination, cooperation friendship, gossip, knowledge,trust.Informal relations have always been with us, they have always mattered. What is new is the range of activities in which they now matter, and the emerging clarity we have about howthey create advantage for certain people at the expense of others. This is done by brokerage and closure. Ronald S. Burt builds upon his celebrated work in this area to explore the nature of brokerage and closure. Brokerage is the activity of people who live at the intersection of social worlds, who have a vision advantage of seeing and developing good ideas, an advantage which can be seen in their compensation, recognition, and the responsibility theyre entrusted with incomparison to their peers. Closure is the tightening of coordination in a closed network of people, and people who do this do well as a complement to brokers because of the trust and alignment theycreate. 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, pursued opportunity assignment, and reward has come to be associated with achieving competitive advantage in a social order of continuous disequilibrium. Author Biography Ronald S. Burt is Hobart W. Williams Professor of Sociology and Strategy at the Graduate School of Business, University of Chicago. Table of Contents Introduction1: The Social Capital of Structural Holes2: Creativity and Learning3: Closure, Trust, and Reputation4: Closure, Echo, and Rigidity5: Images of Equilibrium Review Burt is among the best social network writers in articulating ideas from a research tradition that is notoriously difficult to put into words. Brokerage and Closure is the next step in research on social capital. * AMR, Management Review * Promotional Shortlisted for the AOM George R Terry Award 2006 Prizes Winner of Shortlisted for the AOM George R Terry Award 2006. Long Description 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 as markets, organizations, and careers become more and more dependent on informal, discretionary relationships. The formal organization deals with accountability; Everything else flows through the informal: advice, coordination, cooperation friendship, gossip, knowledge,trust.Informal relations have always been with us, they 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 is done by brokerage andclosure. Ronald S. Burt builds upon his celebrated work in this area to explore the nature of brokerage and closure. Brokerage is the activity of people who live at the intersection of social worlds, who have a vision advantage of seeing and developing good ideas, an advantage which can be seen in their compensation, recognition, and the responsibility theyre entrusted with in comparison to their peers. Closure is the tightening of coordination in a closed network ofpeople, and people who do this do well as a complement to brokers because of the trust and alignment they create. 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, pursued opportunityassignment, and reward has come to be associated with achieving competitive advantage in a social order of continuous disequilibrium. Review Quote Burt is among the best social network writers in articulating ideas from a research tradition that is notoriously difficult to put into words. Brokerage and Closure is the next step in research on social capital. Promotional "Headline" Shortlisted for the AOM George R Terry Award 2006 Feature Examines how networks, social capital, trust, and reputation work to achieve competitive advantageProvides an ideal introduction to network models of social capitalShows how social capital can be used to advance careers and improve organizational performance Details ISBN0199249148 Author Ronald S. Burt Pages 296 Publisher Oxford University Press Series Clarendon Lectures in Management Studies Year 2005 ISBN-10 0199249148 ISBN-13 9780199249145 Format Hardcover Imprint Oxford University Press Subtitle An Introduction to Social Capital Place of Publication Oxford Country of Publication United Kingdom Illustrations Numerous figures and tables Media Book Short Title BROKERAGE & CLOSURE Language English Affiliation Hobart W. Williams Professor of Strategy and Sociology, Graduate School of Business, University of Chicago DOI 10.1604/9780199249145 UK Release Date 2005-08-11 Publication Date 2005-08-11 AU Release Date 2005-08-11 NZ Release Date 2005-08-11 Alternative 9780199249152 DEWEY 658.4062 Audience Undergraduate We've got this At The Nile, if you're looking for it, we've got it. With fast shipping, low prices, friendly service and well over a million items - you're bound to find what you want, at a price you'll love! TheNile_Item_ID:53301065;

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