The paper "Social Capital Theory of Career Success" is an outstanding example of a management annotated bibliography. As a professional, I have always admired the modern way of doing business where employees are ‘ pampered’ and treated like goose which lays the golden eggs. I find the humanistic approach to employee treatment over interesting especially when I reflect back on the history of human labor and how they were treated during those earlier centuries. From the cruelty of slavery and the days of minimum wages and the strikes that marred the industrial revolution to the modern globalized corporate environment, the human capital has undergone revolutionary changes that have seen their importance at the workplace gaining prominence with each passing day.
However, this article is more of an expose, an eye-opener that I believe extends beyond helping employees; it also helps companies in navigating the ever turbulent and tricky waters of the labor market. It offers unparalleled insight into how employees have moved from being treated as slaves and assets whose value was the sum total of their duties and functions. They are now important strategic partners of businesses whose productivity is enhanced positively rather than negatively through fear. A mentorship is a powerful tool while networking is even more powerful.
To me, networking is the most powerful tool any manager and the organization by extension can even possess. And by looking at the social capital theory in an objective manner backed up with credible, authentic and adequate sources most of which are peer-reviewed, I believe the authors have done justice to the topic. They have laid bare the facts and secrets that most successful businesses use to attain the much-heralded performances: high turnovers, skyrocketing share prices and eye-catching profit margins: networking and mentorship.
Indeed, the authors only fall short of pronouncing that networking and mentorship are the secret tools that most successful people in life use. Laying much emphasis on the social capital, to me, is a modern-day business strategy that aims at making the human capital comfortable so that they can in turn make the company even more comfortable.
Seibert, SE, Kraimer, ML, Liden, RC, 2001, “A social capital theory of career success”, Academy of Management Journal, Vol 44, No 2, pp. 219-237.
De Janasz, Dowd, K. & Schneider, B., 2006, Chapter 16: Networking and Mentoring, in Interpersonal skills in organisations (2nd ed.), McGraw-Hill, Sydney.
Uzzi, B. & Dunlap, S, 2005, “How to build your Network” Harvard Business Review, Reprint RO512B
Orpen, C., 1994, “The effects of organisational and individual career management on career success” International Journal of Manpower Vol. 14 (1), pp. 27-37.
Bright, J.E.H & Pryor, R.G.L., 2005, “The chaos theory of career planning: A user’s guide” The Career Development Quarterly vol. 53 (June), pp. 291 – 305.