Supercharging Your Social Capital by Dr. Derek Ambrose, Australian Reinsurance Pool Corporation
Doctor Derek Ambrose
FCPA, FGIA, FTIA, FCIS, FIPA, MAHRI
WE ARE GETTING CLOSE TO THE ANSWER!!!
There are a lot of theories around on Social Capital.
The Social Capital concept
is not a new idea, and
over the past century or
so has been used to
explain why democracy
superior financial returns
We need to maximise social capital and employee
participation to sustain competitive advantage
The low hanging fruit has all been harvested, and
there is only one place to visit for increased
productivity, improved quality, additional innovation,
and improved competitive advantage.
Now we are compelled to address social capital
The reality is that economics is no longer divorced
from culture, to the contrary they rely on each other.
The supercharging of Social Capital requires personal
investment at all levels
A greater emphasis on information sharing
Greater access to information for everyone
Effective social capital guards against opportunistic
The cohesiveness of social capital creates trust,
changes identity and enhances economic prospects
Collective decision making, combined with other
types of capital becomes a quality circle
It is the vital component that attracts prospective
employees and retains existing employees
UNDERSTAND that everyone’s PARTICIPATION is required
BECOME THE CHIEF ENERGY OFFICER!
UNDERSTAND that everyone is the FUEL!!!!!!
LISTENING is everyone’s RESPONSIBILITY!!
THE BIG ONE!
CONVERT PASSIVE EMPLOYEES TO
The development and improvement of
Social Capital requires personal
investment at all levels
Conscious oversight of the “Social
Converted passive employees to active
Understood that there is a cost to
social capital, which needs to be
reduced and capitalised on!!
It’s not about ME, and it never was!
Changed the language
Changed the behaviour and increased
the integrity of everyone
Measured the social behavioural inputs
Must be practiced daily
What you do (or don’t
do) in practice you will
do in performance
It’s your responsibility
to initiate and make it
Just do it!!!
Everyone is actively involved and participating
Skills/capacity are reorganised and developed
Investment is assigned to everyone
Leaders understand what it is that limits employees
Leaders know to stand in the middle and watch the unison
Knowing how to find the value in the workplace for each individual
Successful employees can smell the difference and crave it!!
Employees go beyond the requirements on a regular basis
Both leaders and employees actively co create solutions
Your place is a place where people want to work and stay!!
EVERYONE HAS PASSION!!
And fence sitters are a distant Memory!!!
Do you want to be the first
to supercharge your
Or do you want to be the