Growth strategy with social capital, human capital and physical capital-Theory and evidence: The case of Vietnam

Nowadays, regarding increasing number of micro-business in urban areas, achieving competitive advantage is considered as one of the business concerns. Obtaining competitive advantage entails specific requirements that social capital, physical capital, and human capital - is regarded as one of the most important factors. This study aims to examine the effect of capital to the performance of microbusinesses. The sample of this study was 31 micro-businesses in Wenang subdistrict, Manado, who were selected by simple random sampling. After distributing the questionnaires, the data analysis was done by SmartPLS 3.0 M3. The result show that social capital and physical capital had no significant effect on the performance of micro-business, while human capital had a positive, and significant effect on the business performance. The implication is the Manado City government has to make the labor of micro-business as the target of empowerment activities that are organized by the government, private sector, bank, NGOs, domestic or foreign. In the long term, it can drive the micro-industry to the small and medium industries.

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CONTRIBUTION OF EDUCATION TO SOCIAL CAPITAL DEVELOPMENT

Knowledge International Journal ◽

10.35120/kij280125i ◽

2018 ◽

Vol 28 (1) ◽

pp. 25-30

Author(s):

Vojislav Ilić ◽

Igor Novaković ◽

Slobodan Cvetanović

Keyword(s):

Social Capital ◽

Human Capital ◽

Social Engagement ◽

Processing System ◽

Physical Capital ◽

Well Being ◽

Individual Characteristics ◽

Social Progress ◽

The Individual ◽

Human And Social Capital

During the last decade of the last century, the concept of capital in scientific literature has been significantly expanded. Namely, for decades, the belief that the category of capital includes only visible resources has been modified in terms of extending its comprehensiveness to intangible resources, such as human and social capital. Human capital encompasses knowledge, skills, competencies and characteristics embodied in the individual, which enable the creation of personal, social and economic well-being, while social capital represents the capital of cooperation, interaction, mutual trust and help. When it comes to education, the ability to acquire the necessary knowledge, skills and competences is crucial for the economic and social progress of individual countries. Unlike physical capital that is completely tangible, human and social capital are intangible. Recent approaches, as components of human capital, in addition to education and the level of health status of the population, outline the characteristics of people and societies that have an impact on the effects of work, including factors of ability, motivation and culture, etc. Some experts extend the content of human capital to individual characteristics of people such as creativity, innovation, motivation, attitudes (about life, business, etc.), diligence, responsibility, perseverance, self-initiative, communication success, problem solving, critical thinking, self-study, flexibility and adaptability. The paper considers the contribution of education as one of the basic and absolutely indisputable component of human capital to the development of social capital. It has come to the conclusion that countries with high education of the population tend to become richer and to invest more and more resources in the development of their own processing system. Therefore, in current business conditions in the process of creating human capital, the importance of activities focused on lifelong education and professional development is especially important. Both types of capital are developing in close interdependence. The increase in human capital corresponds significantly to the development of social capital. On the contrary, social capital represents an essential premise of increasing the efficiency of human capital. Moreover, there is not a small number of authors who regard certain attributes of social capital as human capital components. Considering the contribution of education as a component of human capital to the development of social capital, it can be concluded that education does so because it helps young people to recognize their duties as members of society, promote civil and social engagement of people and influence human behavior. Citizens with higher education have a high degree of civic and social engagement. The educated people are much more involved in their communities and take practical steps to improve the welfare of communities in which they live contributing, among other things, to the development of social capital.

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SOCIAL CAPITAL AND INVESTMENT IN R&D: NEW EXTERNALITIES

Journal of Business Economics and Management ◽

10.3846/16111699.2011.638667 ◽

2013 ◽

Vol 14 (1) ◽

pp. 77-97 ◽

Cited By ~ 4

Author(s):

Tiago Neves Sequeira ◽

Alexandra Ferreira-Lopes

Keyword(s):

Social Capital ◽

Human Capital ◽

Research And Development ◽

Endogenous Growth ◽

Growth Model ◽

Physical Capital ◽

Efficient Solutions ◽

Social Planner ◽

Research Networks ◽

Endogenous Growth Model

We introduce social capital in an endogenous growth model with physical capital, human capital, and research and development (R&D), and we compare the market with the efficient solutions. As social capital is not tradable in the market and since it favours research networks, it introduces new externalities in this framework. These externalities induce the market to invest less in social capital than would a social planner and decrease the tendency to underinvestment in R&D. We quantify the distortions in the model. In some conditions, the new distortions are strong enough to overcome the usual result of underinvestment in R&D.

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Maximizing Religious Capital: Building English Villages Based on Islamic Education around the Campus

Nadwa ◽

10.21580/nw.2019.13.2.5870 ◽

2019 ◽

Vol 13 (2) ◽

pp. 337

Author(s):

Muhammad Saifullah ◽

Sofa Muthohar ◽

Sayyidatul Fadlilah

Keyword(s):

Social Capital ◽

Human Capital ◽

Natural Capital ◽

Physical Capital ◽

Financial Capital ◽

Learning Center ◽

Capital Social ◽

Font Size ◽

Religious Activities ◽

Religious Capital

Some Islamic groups, especially the traditional Indonesian circles, have a negative view of English. English is considered the language of infidel invaders and the language of hell. This paper aims to describe the development of society in implementing Islamic religious education while eliminating the negative impression of the use of English in Islamic societies to be an important language to be learned as a language of global communication. The research method uses the sociological phenomenological method. The results showed that the Amanah village had six social capital namely human capital, social capital, natural capital, physical capital, and financial capital and religious capital. The development strategy undertaken is to maximize religious capital by establishing religious institutions and carrying out religious activities by being given English language lessons. There are two centers of activity, namely the Baitussalam mosque and the AleC (Amanah Learning Center). Other capital that plays a significant role is social capital that is inclusive and accommodating towards migrants.<span style="font-size: 10.0pt; mso-ascii-font-family: 'Times New Roman'; mso-ascii-theme-font: major-bidi; mso-hansi-font-family: 'Times New Roman'; mso-hansi-theme-font: major-bidi; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: major-bidi;">Abstrak<span style="font-size: 10.0pt; mso-ascii-font-family: 'Times New Roman'; mso-ascii-theme-font: major-bidi; mso-hansi-font-family: 'Times New Roman'; mso-hansi-theme-font: major-bidi; mso-bidi-font-family: 'Times New Roman'; mso-bidi-theme-font: major-bidi;">Sebagian masyarat Islam terutama kalangan tradisional Indonesia berpandangan negative terhadap bahasa Inggris. Bahsa inggris dianggap sebagai bahasa para penjajah yang kafir dan bahasa neraka. Tulisan ini bertujuan untuk menggambarkan pembangunan masyarakat dalam melaksanakan pendidikan Agama Islam sekaligus menghilangkan kesan negative penggunaan bahasa Inggris di masyarakat Islam menjadi bahasa penting untuk dipelajari sebagai bahasa komunikasi global. Metode penelitian menggunakan metode fenomenologis sosiologis. Hasil penelitian menunjukkan bahwa kampung Amanah memiliki enam modal sosial yaitu human capital, social capital, natural capital, physical capital dan financial capital serta religious capital. Strategi pembangunan yang dilakukan yaitu dengan memaksimalkan modal relgius dengan mendirikan institusi agama dan menjalankan kegiatan-kegiatan agama dengan diberi sisipan pelajaran bahasa Inggris. Pusat kegiatan ada dua yaitu masjid baitussalam dan AleC (Amanah Learning Center). Modal lain yang sangat berperan adalah modal sosial masyarakat yang bersikap inklusif dan akomodatif terhadap para pendatang.

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Catastrophe, social collapse, and human extinction

Global Catastrophic Risks ◽

10.1093/oso/9780198570509.003.0023 ◽

2008 ◽

Author(s):

Robin Hanson

Keyword(s):

Social Capital ◽

Human Capital ◽

Natural Capital ◽

Social Systems ◽

Physical Capital ◽

Direct Effects ◽

One Step ◽

Human Extinction

The main reason to be careful when you walk up a flight of stairs is not that you might slip and have to retrace one step, but rather that the first slip might cause a second slip, and so on until you fall dozens of steps and break your neck. Similarly, we are concerned about the sorts of catastrophes explored in this book not only because of their terrible direct effects, but also because they may induce an even more damaging collapse of our economic and social systems. In this chapter, I consider the nature of societies, the nature of social collapse, and the distribution of disasters that might induce social collapse, and possible strategies for limiting the extent and harm of such collapse. Before we can understand how societies collapse, we must first understand how societies exist and grow. Humans are far more numerous, capable, and rich than were our distant ancestors. How is this possible? One answer is that today we have more of most kinds of ‘capital’, but by itself this answer tells us little; after all, ‘capital’ is just anything that helps us to produce or achieve more. We can understand better by considering the various types of capital we have. First, we have natural capital, such as soil to farm, ores to mine, trees to cut, water to drink, animals to domesticate, and so on. Second, we have physical capital, such as cleared land to farm, irrigation ditches to move water, buildings to live in, tools to use, machines to run, and so on. Third, we have human capital, such as healthy hands to work with, skills we have honed with practice, useful techniques we have discovered, and abstract principles that help us think. Fourth, we have social capital, that is, ways in which groups of people have found to coordinate their activities. For example, households organize who does what chores, firms organize which employees do which tasks, networks of firms organize to supply inputs to each other, cities and nations organize to put different activities in different locations, culture organizes our expectations about the ways we treat each other, law organizes our coalitions to settle small disputes, and governments coordinate our largest disputes.

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Parental Involvement in Students' English Writing Competence: A Model at Chinese Junior Middle School

Asian Culture and History ◽

10.5539/ach.v11n1p41 ◽

2019 ◽

Vol 11 (1) ◽

pp. 41

Author(s):

Hongqiong Sun ◽

Sorabud Rungrojsuwan

Keyword(s):

Middle School ◽

Social Capital ◽

Human Capital ◽

Parental Involvement ◽

Chinese Culture ◽

Qualitative Interviews ◽

Physical Capital ◽

Learning Context ◽

English Writing ◽

Writing Competence

This paper provides an in-depth research into parental involvement at Chinese urban Junior Middle School. Parental involvement plays a substantial role in developing student’s English writing competence as long as parents are fully aware of skills of parental involvement. The present study constructs the model of parental involvement in terms of helping students’ English writing at Junior Middle School by qualitative interviews and documentation based on Brown’s parental formula in Chinese English learning context. Physical capital, together social capital and human capital will predict students’ English writing competence. The model demonstrates what may be included in Chinese parents’ physical capital, social capital and human capital in detail. However, the model is constructed from the perspectives of English writing in Chinese culture, hence it might be a good hint for parental involvement in Asian context.

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THE Application of sustainable livelihood framework for the assessment of living for rural people in Tan Phuoc District, Tien Giang Province

Science & Technology Development Journal - Science of The Earth & Environment ◽

10.32508/stdjsee.v4i2.528 ◽

2020 ◽

Vol 4 (2) ◽

pp. First

Author(s):

Vĩ Quốc Lê ◽

Huyen Thi Thu Dong ◽

Hieu Thi Tran ◽

Thao Thi Phuong Nguyen ◽

Kien Trung Tran ◽

...

Keyword(s):

Social Capital ◽

Human Capital ◽

International Development ◽

Natural Capital ◽

Physical Capital ◽

Financial Capital ◽

Accurate Information ◽

Sustainable Livelihood ◽

The Future ◽

Sustainable Livelihood Framework

In this study, the approach of a sustainable livelihood framework following the guidance of the Department for International Development (DFID) is used to assess the livelihoods of people in rural areas of Tan Phuoc district, Tien Giang province. This is one of the acid sulphate soil areas of the Mekong Delta. Sustainable livelihood framework according to Department for International Development in the study will consider the assets of Tan Phuoc district people to ensure livelihoods including human capital, physical capital, financial capital, natural capital, and social capital. The results show that most of the capital for developing livelihoods of people in this area is poor (natural capital, human capital, social capital, financial capital), only physical capital is considered to meet the current development needs. They are the basis for proposing development orientations for Tan Phuoc district in the future, including socio-economic development, labor quality improvement and the number of professionally trained people. Besides, there are specific s upport policies for people and there are many sources of capital to help people access policies easily. To solve this problem, first of all, it is necessary to develop development plans of regions according to natural conditions, continue to improve the skills of local communities and provide specific support policies for livelihood activities. Attract many different sources of investment capital for the locality so that people can easily access, improve the income of local people in the future, especially need a population development strategy corresponding to the development conditions of the district. The analysis is based on aggregate collected data on the different types of livelihoods in the province, so they are of great overall value. However, this is also the basis for conducting detailed studies and investigations for further studies with the aim of having accurate information and correct assessment of the current livelihood status of each district and livelihood group.

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THE CHARACTERISTICS OF URBAN COMMUNITIES IN THE DISASTER RESPONSE AREA (CASE STUDY: KELURAHAN CAWANG, EAST JAKARTA, DKI JAKARTA)

Humanities & Social Sciences Reviews ◽

10.18510/hssr.2020.8140 ◽

2020 ◽

Vol 8 (1) ◽

pp. 295-305

Author(s):

Syamsul Maarif ◽

Deffi Ayu Puspito Sari

Keyword(s):

Social Capital ◽

Human Capital ◽

Urban Communities ◽

Disaster Response ◽

Natural Capital ◽

Warning System ◽

Physical Capital ◽

Capital Outflows ◽

Response Area

Purpose of the study: The purpose of this research is to analyze the characteristics of urban communities in the disaster response area to tackle floods. Methodology: In principle, this study uses an approach based on qualitative research. The area that is the background of this study includes the Cawang Village area which is prone to flooding. Sources of data in this study were interviewees who were community leaders who had lived for more than 20 years and local RT/RW devices. Main Findings: From the results of the research obtained, based on the experience of the residents, two of the largest outflows of capital were obtained, namely social capital and human capital, while the least capital outflows were natural capital. Applications of this study: The characteristics of urban communities in the disaster response area are kelurahan cawang, East Jakarta, and dki Jakarta. Novelty/Originality of this study: There are 2 capital components of SLA which are human capital and social capital. While the natural capital component is the lowest compared to the others, are physical capital and financial capital; and have a good early warning system with the existence of a communication network from BPBD to RT, RW, and PB2M.

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An Ageless Gift: Reciprocity and Value Creation By and For Older Workers

Work Employment and Society ◽

10.1177/0950017019841521 ◽

2019 ◽

Vol 34 (4) ◽

pp. 533-549 ◽

Cited By ~ 1

Author(s):

Barbara Foweraker ◽

Leanne Cutcher

Keyword(s):

Social Capital ◽

Human Capital ◽

Value Creation ◽

Older Workers ◽

Gift Exchange ◽

Human Capital Theory ◽

Age Discrimination ◽

Capital Theory ◽

Surplus Value ◽

A Company

Much of the extant literature views older workers through the lenses of human capital theory or ageism and age discrimination, both of which emphasise older workers’ value deficit. Using the case of a company that employs older workers, this article explores how ongoing exchanges between the organisation, its employees and its customers create three inter-related types of value: surplus value, staging value and accrual value. The organisation extracts surplus value by employing an older workforce who, grateful for employment during older age, reciprocate by drawing on embodied social capital to gift staging value, which sees customers reciprocate by endorsing the organisation’s products. Employment in this case is viewed as extending beyond pure commodity exchange to incorporate elements of gift exchange. The ongoing interaction and exchange with others through their work is the means by which the employees attach accrual value to themselves, thereby reproducing the good and proper ageing subject.

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Empowering small industry of wood carving handicraft in Bangli district

Asia Pacific Journal of Innovation and Entrepreneurship ◽

10.1108/apjie-07-2018-0045 ◽

2019 ◽

Vol 13 (1) ◽

pp. 121-136 ◽

Cited By ~ 1

Author(s):

A.A.I.N. Marhaeni ◽

Ni Nyoman Yuliarmi ◽

Nyoman Djinar Setiawina

Keyword(s):

Social Capital ◽

Human Capital ◽

Human Resources ◽

Transaction Costs ◽

Indirect Effect ◽

Latent Variable ◽

Physical Capital ◽

Content Type ◽

Business Units ◽

Wood Carving

Purpose The purpose of this study is to analyze the influence of social capital on human capital; the effect of social capital on transaction costs; the influence of social capital, human capital and transaction costs on empowerment; the indirect effect of social capital on empowerment through human capital; and the indirect effect of social capital on empowerment through transaction costs in Bangli Regency. Design/methodology/approach The population in this research is all wood carving business in Bangli Regency, in all districts some 366 business units. The number of respondents surveyed were 191 business units in all sub-districts. The sampling technique used is stratified random sampling, with strata of business area. Inferential analysis is preceded by using factor analysis techniques to obtain factor scores on each latent variable, followed by path analysis to answer the research objectives. Finding Based on the analysis, the following conclusions are drawn: social capital has a positive and significant impact on human resources; positive social capital and significant positive to transaction costs; social capital and human resources have a positive and significant effect while transaction costs and no significant positive effect on empowerment; human resources partially mediate the influence of social capital on empowerment; and transaction costs do not act as a variable, mediating the influence of social capital on empowering small woodcraft industry in Bangli Regency. Originality/value This study is one of the few to investigate the role of social capital, human capital and transaction cost on empowerment of small industries, especially wood carving in Bangli District. This small woodcraft industry is famous for its uniqueness that characterizes Balinese carving ornaments. But lately, the productivity of handicrafts wood carving, especially in Bangli District, fluctuates tend to decline. Social capital, in addition to human capital and technology, also plays an important role in the production process. Social capital equals other physical capital and can increase productivity and economic efficiency. Higher social capital owned by individuals or groups can reduce transaction costs; thus economic activity can run efficiently. Social capital is the information, trust and norms of reciprocity inherent in social networks.

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