Social capital as a theoretical approach in Strategic Management
Beatriz Ortiz García Navas / Mario Javier Donate Manzanares / Fátima Guadamillas Gómez
Universidad de Castilla La Mancha (España)
The objective of this research paper is to investigate, from a theoretical point of view, the strategic relevance of social capital. In recent years, academic literature in this field has witnessed remarkable growth, recognizing social capital as a key element for companies, due to its contribution to the creation of competitive advantages. However, it might be said that its development is still emerging, given the number of discrepancies among researchers regarding its definition, measurement, and its positive or negative impact on other variables. For this reason, a set of empirical studies that show the social capital effect on diverse types of organizational results have been reviewed, taking as a reference the definition and dimensions proposed by Nahapiet and Ghoshal (1998). 
Additionally, different theoretical links between social capital and four related Strategic Management approaches are presented, such as the Intellectual Capital-Based View, the Knowledge-Based View, the Resource-Based View and the Dynamic Resource-Based View. A main conclusion drawn from this review is that social capital, being a knowledge-based resource, enables access to both internal and external resources and thus a firm’s competitive advantage and, consequently, its value creation can be generated from the combination of both areas. Going in depth and clarifying this strategic linkage are thus a challenge to address in future studies.
KeyWords: Organizational social capital, theoretical approach, Strategic Management
DOI: 10.5295/cdg.160646bo
Bibliographic: Ortiz García Navas, B., Donate Manzanares, M.J. and Guadamillas Gómez, F., 2019. Social capital as a theoretical approach in Strategic Management. Cuadernos de Gestión, 19(2), 137-158. DOI: 10.5295/cdg.160646bo
JEL Classification: L29

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