The Five Capitals – A Cheat Sheet
The success or failure of a business lays in understanding the potential and actual consequences of more than financial capital.
The success or failure of a business lays in understanding the potential and actual consequences of more than financial capital.
This article by Tony A. Rose first appeared in the Spring 2015 issue of Business World Magazine, a publication by Russell Bedford rbedford-logoInternational. We all have elephants – professional or personal problems, needs or truths that we ignore, usually to our detriment. In Say Hello to the Elephants, I offer a powerful system for confronting issues, along with tools to address problems, achieve clarity, and make decisions. I call this system Quadrant Thinking. In this, the third of four articles, I present an overview of Quadrant Three: Implementation. Implementation In Quadrant Two, we looked at solutions and how you reach the goals you defined in Quadrant One. In Quadrant Three we look at implementing your solutions. That’s it. Just implement.
I write in my second book, Five Eyes on the Fence, about the importance of protecting your social capital. My thesis is that financialFive Eyes on the Fence_WEB capital is a byproduct of four other types of capitals. When human, social, intellectual, and structural capital are well-tended, financial capital flourishes. Social capital can be summarized in two words: Relationships matter. The strength of your relationship with clients, potential clients, vendors, employees, and colleagues determines the extent to which these relationships can be accessed as a resource. The stronger the social capital, the more likely your financial capital will benefit. And the stronger your relationship with strangers, the better your social capital. I know what you are thinking, “Wait a minute: How can a person have a relationship with a stranger? Isn’t not knowing the person the very definition of a stranger?”
Already a Forthcoming Feature on Harvard Business Publishing Encino, CA – October 10, 2014: Rose, Snyder & Jacobs is proud to announce the publishing of “Five Eyes on the Fence: Protecting the Five Core Capitals of your…