CHANGING ROLES OF EMPLOYEES’ IN ORGANIZATIONAL SOCIAL CAPITAL BUILDING: RICHARD SENNETT’S PERSPECTIVE ON NEW CAPITALISM ORGANIZATIONS

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This study uses organizational social capital concept to interrogate impacts of the new capitalism on organizations within the perspective of Richard Sennett. While Sennett states that social capital requires to be built from bottom up, he implies deficits of loyalty, informal trust, and accumulated institutional knowledge. By this way, he argues, the capitalist organizations diminish their social capital. When researches on new capitalism organization are evaluated in terms of social capital, it is seen that structural dimension of social capital is weak. At first glance and within the Sennett’s perspective, this can be interpreted negative. But outcomes of these organizations are positive, they keep eroding. Answers are hidden in Sennett’s, also: (1) To preserve strategic knowledge in flexible and flattened organizations, Center of organization cuts off ties with its Sphere (project teams). (2) Organizations speed up to meet their shareholders’ expectations. And speeding up requires low authority. Organization with low authority, knowledge turns to strategic tool for controlling Sphere. While value of positions were created by employees in the past; in the new capitalism era, “created value” is realized by them.

192

Organizational Social Capital , New Capitalism , Richard Sennett

Journal Of Economics an‎d Administrative Sciences

216

Journal Of Economics an‎d Administrative Sciences