Social and Symbolic Capital in Firm Clusters: An empirical Investigation of Relational Resources and Value Creation

Susanne Gretzinger, Susanne Royer

    Publikation: Konferencebidrag uden forlag/tidsskriftPaperForskningpeer review

    Resumé

    Cluster initiatives are a popular instrument of public policy everywhere in the world. This development acknowledges that the organisational units that create added value are not isolated individual businesses, but networks of actors. Our research has the objective to better understand value creation of single firms embedded in clusters in terms of overlapping value adding webs of single firms. The main focus of the paper is on how to describe and operationalise and how to manage social and symbolic capital in clusters. The fact that the main source of value creation is rooted within networks raises the question of the impact of social capital on relational rents. The main objectives of this paper therefore are to investigate how value creation on the relational level of a cluster can be systematised to come to a better understanding of valuable resources on the cluster level. Empirically the study refers to a regional cluster in Southern Jutland in Denmark. We found that the horizontal actors in the cluster see the core of initiated cluster activities rather on the edge of their business activities. The paper develops implications for the cluster firms as well as the cluster management in its role as a broker and a moderator.
    OriginalsprogEngelsk
    Publikationsdato1. dec. 2011
    Antal sider23
    StatusUdgivet - 1. dec. 2011
    BegivenhedEMNet 2011: Fifth International Conference on Economics and Management of Networks - Limassol, Grækenland
    Varighed: 1. dec. 20113. dec. 2011

    Konference

    KonferenceEMNet 2011: Fifth International Conference on Economics and Management of Networks
    LandGrækenland
    ByLimassol
    Periode01/12/201103/12/2011

    Fingeraftryk

    Resources
    Symbolic capital
    Empirical investigation
    Value creation
    Social capital
    Regional clusters
    Business activity
    Business networks
    Overlapping
    World Wide Web
    Rent
    Broker
    Public policy
    Added value
    Denmark
    Moderator

    Citer dette

    Gretzinger, S., & Royer, S. (2011). Social and Symbolic Capital in Firm Clusters: An empirical Investigation of Relational Resources and Value Creation. Afhandling præsenteret på EMNet 2011: Fifth International Conference on Economics and Management of Networks, Limassol, Grækenland.
    Gretzinger, Susanne ; Royer, Susanne. / Social and Symbolic Capital in Firm Clusters: An empirical Investigation of Relational Resources and Value Creation. Afhandling præsenteret på EMNet 2011: Fifth International Conference on Economics and Management of Networks, Limassol, Grækenland.23 s.
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    title = "Social and Symbolic Capital in Firm Clusters: An empirical Investigation of Relational Resources and Value Creation",
    abstract = "Cluster initiatives are a popular instrument of public policy everywhere in the world. This development acknowledges that the organisational units that create added value are not isolated individual businesses, but networks of actors. Our research has the objective to better understand value creation of single firms embedded in clusters in terms of overlapping value adding webs of single firms. The main focus of the paper is on how to describe and operationalise and how to manage social and symbolic capital in clusters. The fact that the main source of value creation is rooted within networks raises the question of the impact of social capital on relational rents. The main objectives of this paper therefore are to investigate how value creation on the relational level of a cluster can be systematised to come to a better understanding of valuable resources on the cluster level. Empirically the study refers to a regional cluster in Southern Jutland in Denmark. We found that the horizontal actors in the cluster see the core of initiated cluster activities rather on the edge of their business activities. The paper develops implications for the cluster firms as well as the cluster management in its role as a broker and a moderator.",
    keywords = "Social Capital, Symbolic Capital, Value Adding Web, Firm Clusters",
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    Gretzinger, S & Royer, S 2011, 'Social and Symbolic Capital in Firm Clusters: An empirical Investigation of Relational Resources and Value Creation' Paper fremlagt ved EMNet 2011: Fifth International Conference on Economics and Management of Networks, Limassol, Grækenland, 01/12/2011 - 03/12/2011, .

    Social and Symbolic Capital in Firm Clusters: An empirical Investigation of Relational Resources and Value Creation. / Gretzinger, Susanne ; Royer, Susanne.

    2011. Afhandling præsenteret på EMNet 2011: Fifth International Conference on Economics and Management of Networks, Limassol, Grækenland.

    Publikation: Konferencebidrag uden forlag/tidsskriftPaperForskningpeer review

    TY - CONF

    T1 - Social and Symbolic Capital in Firm Clusters: An empirical Investigation of Relational Resources and Value Creation

    AU - Gretzinger, Susanne

    AU - Royer, Susanne

    PY - 2011/12/1

    Y1 - 2011/12/1

    N2 - Cluster initiatives are a popular instrument of public policy everywhere in the world. This development acknowledges that the organisational units that create added value are not isolated individual businesses, but networks of actors. Our research has the objective to better understand value creation of single firms embedded in clusters in terms of overlapping value adding webs of single firms. The main focus of the paper is on how to describe and operationalise and how to manage social and symbolic capital in clusters. The fact that the main source of value creation is rooted within networks raises the question of the impact of social capital on relational rents. The main objectives of this paper therefore are to investigate how value creation on the relational level of a cluster can be systematised to come to a better understanding of valuable resources on the cluster level. Empirically the study refers to a regional cluster in Southern Jutland in Denmark. We found that the horizontal actors in the cluster see the core of initiated cluster activities rather on the edge of their business activities. The paper develops implications for the cluster firms as well as the cluster management in its role as a broker and a moderator.

    AB - Cluster initiatives are a popular instrument of public policy everywhere in the world. This development acknowledges that the organisational units that create added value are not isolated individual businesses, but networks of actors. Our research has the objective to better understand value creation of single firms embedded in clusters in terms of overlapping value adding webs of single firms. The main focus of the paper is on how to describe and operationalise and how to manage social and symbolic capital in clusters. The fact that the main source of value creation is rooted within networks raises the question of the impact of social capital on relational rents. The main objectives of this paper therefore are to investigate how value creation on the relational level of a cluster can be systematised to come to a better understanding of valuable resources on the cluster level. Empirically the study refers to a regional cluster in Southern Jutland in Denmark. We found that the horizontal actors in the cluster see the core of initiated cluster activities rather on the edge of their business activities. The paper develops implications for the cluster firms as well as the cluster management in its role as a broker and a moderator.

    KW - Social Capital

    KW - Symbolic Capital

    KW - Value Adding Web

    KW - Firm Clusters

    M3 - Paper

    ER -

    Gretzinger S, Royer S. Social and Symbolic Capital in Firm Clusters: An empirical Investigation of Relational Resources and Value Creation. 2011. Afhandling præsenteret på EMNet 2011: Fifth International Conference on Economics and Management of Networks, Limassol, Grækenland.