Short post tonight. I had hoped to write a longer introduction to social capital and its interaction with entrepreneurs and disruptive innovation.
However, after several hours of reading and trying to connect the dots so they create a clear picture, it seems the Polaroid photo is still developing. I don’t yet have the words all lined up to explain how identifying and effectively connecting and developing social capital in NE Wisconsin will enable the region to facilitate entrepreneurial swarming and disruptive innovation.
Social capital is defined as “the networks of relationships among people who live and work in a particular society, enabling that society to function effectively.” Robert Putnam popularized the term in his book Bowling Alone, published in 2000. One of the issues discussed in the book was the difference between bonding social capital and bridging social capital. The Wikipedia entry for social capital also discusses bonding and bridging types of social capital.
I had a long and interesting discussion today about disruptive innovation, entrepreneurs, and social capital. During our conversation, we developed the vague outlines of an approach to improving disruptive innovation in this region by focusing on the appropriate type of social capital. Over the next couple weeks I will develop, in collusion with a fellow proponent of creative destruction, a proposed action plan to identify NE Wisconsin individuals and organizations with high amounts of bridging social capital (as opposed to primarily bonding social capital).
The plan we’re developing will clarify the why and how of connecting with people who have the ability to be disruptive innovators, or who may already be innovating below the radar. After we’re satisfied that the plan clearly presents the basic elements of our vision, we’ll work with the appropriate group of NE Wisconsin people and organizations to refine the plan and identify how to connect with the right resources to successfully kickstart a new level of disruptive innovation in NE Wisconsin. If you’re interested in facilitating this type of activity in our region, keep an eye on this blog.
Now it’s time for me to get back to researching and working on our first draft of the proposal…