The virtual world of relationships is creating new dynamics previously not defined or modeled. The medium is creating new exchanges of communications, commerce, capital and subsequently a developing economy.
As we discuss these emerging trends like minded friends and associates have brought their own thoughts to the related issues that collectively shape the future of a Relationship Economy.
These ten laws are designed to shape the elements of laws spoken and unspoken as individuals, organizations and instituions engage in social computing for a purpose.
Below are Kovitz Laws of Relationship Capital and later he will be providing the details behind each law he proposes as the elements of creating the basis of relationship capital in this emerging space.
First Law: All organic entities (living or at one time have lived) possess and have the potential to create Relationship Capital.
Second Law: Non-organic entities do not possess Relationship Capital, but reflect the collective Relationship Capital of those Relationship Capital-possessing entities who have relationships with them.
Third Law: Relationship Capital is derived from the collective relationships an individual has with other Relationship Capital-possessing entities and can be perceived as either positive or negative.
Fourth Law: Relationship Capital can never be destroyed; only changed in value, positively or negatively.
Fifth Law: Relationship Capital Value increases or decreases proportionally as the perceived quality of relationship increases or decreases.
Sixth Law: Relationship Capital of an organization is the aggregate of the individual Relationship Capital of its constituents.
Seventh Law: Intellectual Capital can only be created by one or more Relationship Capital-possessing entities.
Eighth Law: Intellectual Capital can be used to change an individual’s Relationship Capital, either positively or negatively.
Ninth Law: Financial Capital is merely a reflection of and cannot exist without some combination of Relationship and Intellectual Capital.
Tenth Law: Relationship and Intellectual Capital always conform to the laws of nature and humankind. Financial Capital does not.
What say you?