Moral Capital And Its Measurement
Alejo José G. Sison
I. A historical perspective of work and society
II. The human contribution to wealth-creation
III. What is moral capital? How is it measured?
I. A historical perspective of work and society (D. Bell)
1. Pre-industrial society: game with nature/ survival
2. Industrial society: game with machines/ well-being
3. Post-industrial society: game among persons/ leisure & entertainment
“Capital” from “caput/capitis” (Latin): head of cattle
II. The human contribution to wealth-creation
hired hands, manpower/ work (Newton)
human capital (Schultz, Becker)
intellectual capital (Stewart)
individual capital
structural capital
relational capital
emotional capital (Goleman)
social capital/ trust (Fukuyama, Putnam)...
III. What is moral capital? How is it measured?
life Excellence of character/ virtues (Aristotle)
habits actions inclinations tendencies
III. What is moral capital? How is it measured?
PERSON ORGANIZATION
inclinations, tendencies core competenciesactions goods/serviceshabits protocols/procedurescharacter culturelifestyles corporate history
III. What is moral capital? How is it measured?
Intrinsic value/ subjective dimension (Simon, Sen, JPII) Extrinsic value/ objective dimension
Functional level Firm level
productivity shareholder value quality market share service stakeholder value
III. What is moral capital? How is it measured?
No management without measurement.
Indirect measurement (absence)quantitative: turnover, absenteeism, tardiness,crime (violence, property, “white-collar”),insubordination, drugs, alcohol...
qualitative: family life, fertility, single parenthood...
III. What is moral capital? How is it measured?
Direct measurement (presence)quantitative: human capital revenue/ roi/ eva...
qualitative: human capital productivity,commitment, competence &satisfaction levels, corporate climate,“employer of choice”, organizational citizenship behavior...