Social Capital: Competitive Advantage of Community Enterprise

Main Article Content

Sor sirichai Nakudom
Tanakrit Yordudom
Puangpit Siphasead

Abstract

Social capital was ignored by entrepreneurs even it is a key factor for operating community enterprise. The objectives of this article are: 1) to study the social capital that creates the competitive advantage of the community enterprise, 2) to study the method of using social capital to create the competitive advantage of community enterprise, and 3) application of knowledge and folk wisdom.  The methods to create competitive advantage for community enterprises include the following: 1) using network integration to create the competitive advantage in management, 2) using participation and network integration to create the competitive advantage in the market, 3) using participation to create the competitive advantage in personnel, and 4) applying knowledge and wisdom of the villagers to create competitive advantage in manufacturing competitiveness. The results of using social capital to create competitive advantage for community enterprises are: 1) the unit cost is reduced due to the ability to produce more products, 2) the sharing of resources or production factors becomes more efficiently, and 3) the production speed and response to customer needs increases.

Downloads

Download data is not yet available.

Article Details

Section
Academic Articles

References

Adler, P. S., & Kwon, S. W. (2002). Social capital: Prospects for a new concept. Academy of Management Review, 27(1), 17-40.
Al Saifi, S. A. (2015). Positioning organisational culture in knowledge management research. Journal of Knowledge Management, 19(2), 164-189.
Barney, J. B. (1986). Organizational culture: Can it be a source of sustained competitive advantage? The Academy of Management Review, 11(3), 656-665.
Barraket, J., & Archer, V. (2010). Social inclusion through community enterprise: Examining the available evidence. Third Sector Review, 16(1), 13-28.
Bornay-Barrachina, M., Lopez-Cabrales, A., & Valle-Cabrera, R. (2017). How do employment relationships enhance firm innovation? The role of human and social capital. International Journal of Human Resource Management, 28(9), 1363-1391.
Borozan, D., & Funaric, M. R. (2016). Social capital in Croatia: Measurement and regional distribution. Innovation: The European Journal of Social Science Research, 29(4), 481-505.
Bourdieu, P. (1993). The field of cultural production. Cambridge, England: Polity Press.
Bunzli, F., & Eppler, M. J. (2019). Strategizing for social change in nonprofit contexts: A typology of communication approaches in public communication campaigns. Nonprofit Management & Leadership, 29(4), 491-508.
Coleman, J. S. (1988). Social capital in the creation of human capital. American Journal of Sociology, 94(1), 95-120.
De Klerk, S., & Kroon, J. (2008). Business networking relationships for business success. South African Journal of Business Management, 39(2), 25-35.
Dost, M., Arshad, M., & Afsar, B. (2018). The Influence of entrepreneurial orientation on types of process innovation capabilities and moderating role of social capital. Entrepreneurship Research Journal, 8(4), 1-15.
Fukuyama, M., Oshika, T., Amano, S., & Yoshitomi, F. (1999). Relationship between apparent accommodation and corneal multifocality in pseudophakic eyes. Ophthalmology, 106(6), 1178-1181.
Golgeci, I., & Kuivalainen, O. (2020). Does social capital matter for supply chain resilience? The role of absorptive capacity and marketing-supply chain management alignment. Industrial Marketing Management, 84(1), 63-74.
Goncalves, A. F., Rossoni, L., & Mendes-Da-Silva, W. (2019). Board social capital reduces implied cost of capital for private companies but not of state-owned companies. Management Decision, 57(10), 2672-2692.
Herrero, I. (2018). How familial is family social capital? Analyzing bonding social capital in family and nonfamily firms. Family Business Review, 31(4), 441-459.
Inkpen, A. C., & Tsang, E. W. K. (2005). Social capital, networks, and knowledge transfer. Academy of Management Review, 30(1), 146-165.
Kadushin, C. (2004). Too much investment in social capital. Social Networks, 1(26), 75-90.
Kaplan, R. S., & Norton, D. P. (1992). The balanced scorecard measures that drive performance. Harvard Business Review, 69(1), 71–79.
Lee, Y., Rianti, I. P., & Park, M. S. (2017). Measuring social capital in Indonesian community forest management. Forest Science and Technology, 13(3), 133-141.
Leite, E., & Bengtson, A. (2018). A business network view on value creation and capture in public-private cooperation. Industrial Marketing Management, 73(1), 181-192.
Light, I., & Dana, L. P. (2013). Boundaries of social capital in entrepreneurship. Entrepreneurship Theory and Practice, 37(3), 603-624.
Lobo, J. C. D. (2017). Urban management in local development. Vision Gerencial, 16(2), 274-287.
Lorenzoni, G., & Lipparini, A. (1999). The leveraging of interfirm relationships as a distinctive organizational capability: A longitudinal study. Strategic Management Journal, 20(4), 317-338.
Medina-Molina, C., Rey-Moreno, M., Felicio, J. A., & Paguillo, I. R. (2019). Participation in crowdfunding among users of collaborative platforms: The role of innovativeness and social capital. Review of Managerial Science, 13(3), 529-543.
Meier, K. J., Favero, N., & Compton, M. (2016). Social context, management, and organizational performance: When human capital and social capital serve as substitutes. Public Management Review, 18(2), 258-277.
Moore, C. B., Payne, G. T., Autry, C. W., & Griffis, S. E. (2018). Project complexity and bonding social capital in network organizations. Group & Organization Management, 43(6), 936-970.
Mpinganjira, M. (2019). Willingness to reciprocate in virtual health communities: The role of social capital, gratitude and indebtedness. Service Business, 13(2), 269-287.
Mungmachon, M. R. (2012). Knowledge and local wisdom: Community treasure. International Journal of Humanities and Social Science, 2(13), 174-181.
Nabi, M. N. U., Khan, E. A., Hasan, S. M., & Mahmud, A. (2017). Social capital and product quality: A study of shrimp value chain in Bangladesh. International Journal of Value Chain Management, 8(3), 191-206.
Paxton, P. (2002). Social capital and democracy: An interdependent relationship. American Sociological Review, 67(2) 254-277.
Putnam, R. D. (2000). Bowling alone: America’s declining social capital. In L. Crothers & C. Lockhart (Eds.), Culture and Politics: A Reader (pp.223-234). New York: Palgrave Macmillan.
Rasoolimanesh, S. M., Jaafar, M., Ahmad, A. G., & Barghi, R. (2017). Community participation in world heritage site conservation and tourism development. Tourism Management, 58, 142-153.
Sengupta, S., Sahay, A., & Croce, F. (2017). Conceptualizing social entrepreneurship in the context of emerging economies: An integrative review of past research from BRIICS. International Entrepreneurship and Management Journal, 14(4), 771-803.
Somerville, P., & Mcelwee, G. (2011). Situating community enterprise: A theoretical exploration. Entrepreneurship & Regional Development, 23(5-6), 317-330.
Stott, N., & Tracey, P. (2018). Organizing and innovating in poor places. Innovation: Organization & Management, 20(1), 1-17.
Suseno, Y., & Rowley, C. (2018). Taking stock of social capital research: Its application in service-oriented firms. Asia Pacific Business Review, 24(2), 138-149.
Wang, Y., Poutziouris, P., & Graves, C. (2015). Social capital and competitive advantages of family businesses. International Journal of Entrepreneurial Behaviour & Research, 21(6), 814-841.
Weiler, M., & Hinz, O. (2019). Without each other, we have nothing: A state-of-the-art analysis on how to operationalize social capital. Review of Managerial Science, 13(5), 1003-1035.
Westlund, H., & Bolton, R. (2003). Local social capital and entrepreneurship. Small Business Economics, 21(2), 77-113.
Wilmot, N. A., & Dauner, K. N. (2019). A longitudinal examination of social capital as a predictor of depression. Applied Economics Letters, 26(5), 424-428.
Zhang, Y. L., & Lin, N. (2016). Hiring for networks: Social capital and staffing practices in transitional China. Human Resource Management, 55(4), 615-635.