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Lecture 5 - Human and Social Capital
Lecture 5 - Human and Social Capital
ENTREPRENEURSHIP
Lecture 5
Human and Social Capital
Dr Riccardo Nucci
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LECTURE PLAN - OUTCOMES
• Lecture: • Guest speaker:
• Introduce the topic of human • Mr. Sab Caziuc
and social capital for new • entrepreneur
venture. • sales
• fintech, oiltech,
• Describe the concept of new- agtech.
venture team. • low-code enthusiast
• Describe the various elements • Q&A session
of the new-venture team. • Ask questions related
to human and social
capital as described in
class
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human and social capital
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What is the difference between natural and social resources?
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What’s the different between a
pile of stones and a cathedral?
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Human capital Social capital
• “related to individuals” • “related to relationships”
• Personal attributes of people” • Social network
• Knowledge • Social influence
• Experience • Charisma
• Skills • Leadership
• Know-how • popularity
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7
Kareem Abdul-Jabbar
NEW-VENTURE TEAM
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ELEMENTS OF NEW-VENTURE TEAM
Key
employees
Management Board of
team directors
Founder
or
founders
Other
Advisors
professional
Investors
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FOUNDER - FOUNDERS
• Founder VS co-founder.
• Personal characteristics.
• Size?
• Effective team characteristics.
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ENTR TEAM DEVELOPMENT
Legal birth
• Research
commercia
Phase lisation
Phase Organisation Phase Proof of Phase Maturity
1 • Opportunit 2 in gestation 3 viability 4
y seeking
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BOARD OF…
• Specific Expertise
• Panels of individuals that
oversee management.
• Inside and outside directors.
directors
• Formal ó informal
responsibilities.
• Few times a year.
• Non-monetary
compensations.
• Guidance, legitimacy.
Other • Support Areas: accounting,
advisors law, HR…
professionals
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INVESTORS
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ADDITIONAL READING
• Blatt, R., 2009. Tough love: How communal schemas and contracting practices build relational capital in entrepreneurial teams.
Academy of management review, 34(3), pp.533-551.
• Vanaelst, I., Clarysse, B., Wright, M., Lockett, A., Moray, N. and S'Jegers, R., 2006. Entrepreneurial team development in
academic spinouts: An examination of team heterogeneity. Entrepreneurship Theory and Practice, 30(2), pp.249-271.
• Clarysse, B. and Moray, N., 2004. A process study of entrepreneurial team formation: the case of a research-based spin-off.
Journal of Business Venturing, 19(1), pp.55-79.
• Tsai, W. and Ghoshal, S., 1998. Social capital and value creation: The role of intrafirm networks. Academy of management
Journal, 41(4), pp.464-476.
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Mr Sab Caziuc
Guest speaker
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Sab Caziuc
– Q&A
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