“The modern company becomes a relationship organization and thus needs to develop a relationship capital” says the French futurist Denis Ettighoffer,
“The methods whereby ideas and related value are created in the Collaborative Economy have nothing to do with the traditional productivity enhancement methods. In the networked organization, the relationship logic replaces departmental and functional logic“.
Furthermore, “The continuous expansion of knowledge creates a rupture in the way wealth is apprehended. What creates value is not any more the physical side of work but the creative and networked component of the activity of each human contributor. Getting access to the adequate ideas and knowledge becomes as vital as getting access to rare materials or even to capital, because knowledge allows to replace physical resources that might be missing“.
Relationship capital is not yet measured consistently, although it is certainly what makes the value of the most well-known start-ups of the Fourth Revolution. In the future we can expect that this component will become one of the most important performance measurement for organizations.
When do you start focusing on developing your relationship capital?
Source: very interesting article (in French) on ParisTech Review on ‘the Company of the future‘. Translation by Fourth Revolution Blog.
