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Moral Capital And Its Measurement
Alejo José G. Sison
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I. A historical perspective of work and society
II. The human contribution to wealth-creation
III. What is moral capital? How is it measured?
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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
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“Capital” from “caput/capitis” (Latin): head of cattle
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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)...
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III. What is moral capital? How is it measured?
life Excellence of character/ virtues (Aristotle)
habits actions inclinations tendencies
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III. What is moral capital? How is it measured?
PERSON ORGANIZATION
inclinations, tendencies core competenciesactions goods/serviceshabits protocols/procedurescharacter culturelifestyles corporate history
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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
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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...
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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...